Assetmark Inc. Acquires 1,086 Shares of NetEase, Inc. (NASDAQ:NTES)

Assetmark Inc. grew its holdings in NetEase, Inc. (NASDAQ:NTES) by 2.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 39,555 shares of the technology company’s stock after purchasing an additional 1,086 shares during the period. Assetmark Inc.’s holdings in NetEase were worth $3,529,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of NTES. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in NetEase by 13,747.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,258,442 shares of the technology company’s stock worth $585,227,000 after acquiring an additional 6,213,248 shares during the last quarter. Hhlr Advisors LTD. grew its position in NetEase by 86.8% during the 3rd quarter. Hhlr Advisors LTD. now owns 2,588,943 shares of the technology company’s stock worth $242,092,000 after acquiring an additional 1,203,129 shares during the last quarter. Temasek Holdings Private Ltd bought a new stake in NetEase during the 3rd quarter worth $51,498,000. Healthcare of Ontario Pension Plan Trust Fund grew its position in NetEase by 472.6% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 418,000 shares of the technology company’s stock worth $39,087,000 after acquiring an additional 345,000 shares during the last quarter. Finally, FengHe Fund Management Pte. Ltd. bought a new stake in NetEase during the 4th quarter worth $30,563,000. Institutional investors own 11.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. StockNews.com lowered NetEase from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 6th. Barclays boosted their price objective on NetEase from $82.00 to $104.00 and gave the stock an “equal weight” rating in a research report on Monday, February 24th. Morgan Stanley upped their price target on NetEase from $108.00 to $117.00 and gave the company an “overweight” rating in a research report on Wednesday, February 12th. Citigroup upped their price target on NetEase from $108.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Finally, Benchmark upped their price target on NetEase from $105.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, February 21st. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $114.57.

NetEase Price Performance

Shares of NASDAQ:NTES opened at $102.78 on Monday. The company has a market capitalization of $66.00 billion, a price-to-earnings ratio of 16.14, a P/E/G ratio of 3.37 and a beta of 0.61. The business’s 50-day moving average is $99.41 and its 200-day moving average is $90.51. NetEase, Inc. has a 1 year low of $75.85 and a 1 year high of $111.12.

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

NetEase Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th will be paid a $0.435 dividend. This represents a $1.74 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date is Thursday, March 6th. NetEase’s dividend payout ratio is 76.45%.

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.