Todd Asset Management LLC Has $28.52 Million Stock Position in NetEase, Inc. (NASDAQ:NTES)

Todd Asset Management LLC boosted its position in shares of NetEase, Inc. (NASDAQ:NTES) by 1.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 319,654 shares of the technology company’s stock after purchasing an additional 4,711 shares during the quarter. Todd Asset Management LLC’s holdings in NetEase were worth $28,516,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of NTES. Y Intercept Hong Kong Ltd acquired a new position in NetEase in the fourth quarter valued at about $974,000. Infini Capital Management Ltd bought a new stake in shares of NetEase in the fourth quarter worth about $7,315,000. Concurrent Investment Advisors LLC acquired a new stake in shares of NetEase during the fourth quarter worth about $217,000. Truist Financial Corp acquired a new stake in shares of NetEase during the fourth quarter worth about $218,000. Finally, FengHe Fund Management Pte. Ltd. bought a new position in shares of NetEase during the 4th quarter valued at about $30,563,000. Institutional investors and hedge funds own 11.07% of the company’s stock.

Wall Street Analyst Weigh In

NTES has been the subject of a number of research reports. Morgan Stanley increased their target price on NetEase from $108.00 to $117.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 12th. StockNews.com downgraded shares of NetEase from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 6th. Benchmark boosted their price objective on shares of NetEase from $105.00 to $115.00 and gave the company a “buy” rating in a research report on Friday. Bank of America increased their target price on NetEase from $120.00 to $122.00 and gave the stock a “buy” rating in a report on Wednesday, January 15th. Finally, Citigroup lifted their price target on NetEase from $108.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, November 15th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $114.57.

NetEase Trading Down 4.2 %

NetEase stock opened at $98.89 on Tuesday. NetEase, Inc. has a 1-year low of $75.85 and a 1-year high of $114.50. The company has a fifty day simple moving average of $97.88 and a 200 day simple moving average of $89.85. The company has a market cap of $63.50 billion, a P/E ratio of 15.52, a price-to-earnings-growth ratio of 3.37 and a beta of 0.58.

NetEase (NASDAQ:NTES) last announced its quarterly earnings data on Thursday, February 20th. The technology company reported $1.87 earnings per share for the quarter, beating the consensus estimate of $1.73 by $0.14. The company had revenue of $3.66 billion during the quarter, compared to analysts’ expectations of $27.16 billion. NetEase had a return on equity of 22.12% and a net margin of 28.17%. On average, equities research analysts forecast that NetEase, Inc. will post 6.91 EPS for the current year.

NetEase Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Thursday, March 6th will be issued a dividend of $0.435 per share. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $1.74 dividend on an annualized basis and a yield of 1.76%. NetEase’s payout ratio is 76.61%.

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.