NetEase, Inc. (NASDAQ:NTES) Stake Decreased by Genesis Investment Management LLP

Genesis Investment Management LLP reduced its stake in shares of NetEase, Inc. (NASDAQ:NTES) by 32.8% during the 4th quarter, HoldingsChannel reports. The fund owned 510,024 shares of the technology company’s stock after selling 248,612 shares during the period. NetEase accounts for 9.3% of Genesis Investment Management LLP’s portfolio, making the stock its 4th largest position. Genesis Investment Management LLP’s holdings in NetEase were worth $47,514,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Private Trust Co. NA lifted its stake in NetEase by 418.9% during the fourth quarter. Private Trust Co. NA now owns 275 shares of the technology company’s stock worth $26,000 after purchasing an additional 222 shares during the last quarter. Chilton Capital Management LLC bought a new stake in NetEase in the fourth quarter valued at $37,000. Pinpoint Asset Management Ltd bought a new stake in NetEase in the first quarter valued at $42,000. First Capital Advisors Group LLC. bought a new stake in NetEase in the second quarter valued at $47,000. Finally, Headlands Technologies LLC bought a new stake in NetEase in the third quarter valued at $56,000. Institutional investors and hedge funds own 11.07% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on NTES shares. StockNews.com upgraded NetEase from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, March 26th. Morgan Stanley lowered their price target on NetEase from $135.00 to $120.00 and set an “overweight” rating on the stock in a report on Friday, April 12th. Six equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, NetEase has a consensus rating of “Buy” and an average price target of $126.00.

NetEase Trading Down 0.2 %

NASDAQ:NTES traded down $0.21 during mid-day trading on Wednesday, reaching $90.21. 457,001 shares of the stock were exchanged, compared to its average volume of 1,744,185. The business has a fifty day moving average price of $104.38 and a 200 day moving average price of $103.39. The firm has a market capitalization of $58.16 billion, a PE ratio of 14.28, a PEG ratio of 0.84 and a beta of 0.58. NetEase, Inc. has a 1-year low of $80.79 and a 1-year high of $118.89.

NetEase (NASDAQ:NTES) last released its earnings results on Thursday, February 29th. The technology company reported $1.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.20). The firm had revenue of $3.82 billion for the quarter, compared to analyst estimates of $3.96 billion. NetEase had a return on equity of 24.36% and a net margin of 28.39%. On average, sell-side analysts forecast that NetEase, Inc. will post 7.04 earnings per share for the current year.

NetEase Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were paid a $1.08 dividend. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $4.32 dividend on an annualized basis and a yield of 4.79%. This is a boost from NetEase’s previous quarterly dividend of $0.50. NetEase’s dividend payout ratio (DPR) is currently 68.09%.

About NetEase

NetEase, Inc engages in online games, music streaming, online intelligent learning services, and internet content services businesses in China and internationally . The company operates through Games and Related Value-Added Services, Youdao, Cloud Music, and Innovative Businesses and Others segments.