NetEase, Inc. (NASDAQ:NTES) Stock Holdings Lifted by QRG Capital Management Inc.

QRG Capital Management Inc. lifted its stake in shares of NetEase, Inc. (NASDAQ:NTES) by 16.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,144 shares of the technology company’s stock after acquiring an additional 883 shares during the quarter. QRG Capital Management Inc.’s holdings in NetEase were worth $572,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Cambridge Investment Research Advisors Inc. boosted its position in shares of NetEase by 13.2% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 6,467 shares of the technology company’s stock valued at $648,000 after purchasing an additional 752 shares during the period. Fifth Third Bancorp grew its position in NetEase by 27.0% during the 3rd quarter. Fifth Third Bancorp now owns 8,670 shares of the technology company’s stock worth $868,000 after purchasing an additional 1,841 shares in the last quarter. Panagora Asset Management Inc. raised its stake in NetEase by 1.5% during the 3rd quarter. Panagora Asset Management Inc. now owns 12,201 shares of the technology company’s stock valued at $1,222,000 after purchasing an additional 178 shares during the period. M&T Bank Corp raised its stake in NetEase by 643.6% during the 3rd quarter. M&T Bank Corp now owns 16,745 shares of the technology company’s stock valued at $1,677,000 after purchasing an additional 14,493 shares during the period. Finally, FDx Advisors Inc. lifted its holdings 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 in the last quarter. 11.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. 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. HSBC lowered their target price on NetEase from $130.00 to $126.00 and set a “buy” rating on the stock in a research note on Wednesday, April 24th. Finally, StockNews.com lowered shares of NetEase from a “strong-buy” rating to a “buy” rating in a research report on Thursday. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, NetEase has a consensus rating of “Buy” and an average price target of $126.00.

NetEase Price Performance

Shares of NTES stock opened at $104.97 on Friday. The firm has a market cap of $67.68 billion, a P/E ratio of 16.58, a PEG ratio of 0.95 and a beta of 0.58. NetEase, Inc. has a fifty-two week low of $80.79 and a fifty-two week high of $118.89. The stock’s 50-day moving average is $99.54 and its two-hundred day moving average is $102.30.

NetEase (NASDAQ:NTES) last issued its quarterly earnings data on Thursday, February 29th. The technology company reported $1.42 earnings per share for the quarter, missing the consensus estimate of $1.62 by ($0.20). The business had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $3.96 billion. NetEase had a net margin of 28.39% and a return on equity of 24.36%. As a group, research analysts expect that NetEase, Inc. will post 7.07 EPS for the current year.

NetEase Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were issued a dividend of $1.08 per share. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 4.12%. This is an increase from NetEase’s previous quarterly dividend of $0.50. NetEase’s dividend payout ratio (DPR) is currently 68.09%.

NetEase Profile

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.