DekaBank Deutsche Girozentrale Has $1.11 Million Stock Position in NetEase, Inc. (NASDAQ:NTES)

DekaBank Deutsche Girozentrale increased its holdings in shares of NetEase, Inc. (NASDAQ:NTES) by 21.6% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 12,400 shares of the technology company’s stock after purchasing an additional 2,200 shares during the period. DekaBank Deutsche Girozentrale’s holdings in NetEase were worth $1,112,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Assenagon Asset Management S.A. boosted its stake in shares of NetEase by 451.3% during the 4th quarter. Assenagon Asset Management S.A. now owns 511,454 shares of the technology company’s stock worth $47,647,000 after acquiring an additional 418,677 shares during the period. WT Asset Management Ltd increased its holdings in shares of NetEase by 381.1% in the fourth quarter. WT Asset Management Ltd now owns 996,686 shares of the technology company’s stock valued at $92,851,000 after purchasing an additional 789,499 shares during the last quarter. FDx Advisors Inc. raised its position in shares of NetEase by 11.6% in the third quarter. FDx Advisors Inc. now owns 8,352 shares of the technology company’s stock valued at $837,000 after purchasing an additional 871 shares during the period. Qube Research & Technologies Ltd acquired a new stake in shares of NetEase during the 3rd quarter worth about $12,017,000. Finally, China Universal Asset Management Co. Ltd. bought a new stake in shares of NetEase during the 3rd quarter worth about $1,102,000. Institutional investors and hedge funds own 11.07% of the company’s stock.

NetEase Stock Down 5.1 %

NASDAQ NTES opened at $92.15 on Monday. The firm has a 50-day moving average price of $104.89 and a two-hundred day moving average price of $103.51. NetEase, Inc. has a 12-month low of $80.79 and a 12-month high of $118.89. The company has a market capitalization of $59.41 billion, a P/E ratio of 14.56, a P/E/G ratio of 0.80 and a beta of 0.58.

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

NetEase Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were paid a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a yield of 4.69%. This is an increase from NetEase’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Wednesday, March 13th. NetEase’s dividend payout ratio is presently 67.93%.

Analyst Upgrades and Downgrades

NTES has been the topic of several research analyst reports. StockNews.com raised shares of NetEase from a “buy” rating to a “strong-buy” rating in a report on Tuesday, March 26th. Morgan Stanley lowered their target price on NetEase from $135.00 to $120.00 and set an “overweight” rating on the stock in a research note on Friday. Six research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $126.00.

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.