Keystone Investors PTE Ltd. Invests $4.16 Million in NetEase, Inc. (NASDAQ:NTES)

Keystone Investors PTE Ltd. acquired a new stake in shares of NetEase, Inc. (NASDAQ:NTES) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 46,674 shares of the technology company’s stock, valued at approximately $4,164,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Advisors Asset Management Inc. lifted its holdings in shares of NetEase by 19.2% during the 3rd quarter. Advisors Asset Management Inc. now owns 16,989 shares of the technology company’s stock worth $1,589,000 after acquiring an additional 2,742 shares during the last quarter. Citigroup Inc. boosted its holdings in shares of NetEase by 6.9% in the 3rd quarter. Citigroup Inc. now owns 50,349 shares of the technology company’s stock worth $4,708,000 after purchasing an additional 3,240 shares in the last quarter. Cerity Partners LLC increased its position in shares of NetEase by 21.4% during the 3rd quarter. Cerity Partners LLC now owns 5,519 shares of the technology company’s stock valued at $516,000 after purchasing an additional 972 shares during the last quarter. Fisher Asset Management LLC raised its holdings in shares of NetEase by 7.8% during the 3rd quarter. Fisher Asset Management LLC now owns 1,145,657 shares of the technology company’s stock valued at $107,130,000 after buying an additional 82,474 shares in the last quarter. Finally, DRW Securities LLC bought a new stake in NetEase in the 3rd quarter worth approximately $1,011,000. 11.07% of the stock is currently owned by hedge funds and other institutional investors.

NetEase Stock Performance

NASDAQ NTES opened at $99.93 on Tuesday. NetEase, Inc. has a fifty-two week low of $75.85 and a fifty-two week high of $110.15. The stock has a market cap of $64.17 billion, a P/E ratio of 15.69, a price-to-earnings-growth ratio of 3.37 and a beta of 0.61. The stock has a 50 day simple moving average of $101.97 and a two-hundred day simple moving average of $92.14.

NetEase (NASDAQ:NTES) last released its quarterly earnings results 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. NetEase had a net margin of 28.17% and a return on equity of 22.12%. The business had revenue of $3.66 billion for the quarter, compared to analysts’ expectations of $27.16 billion. Sell-side analysts predict that NetEase, Inc. will post 6.91 earnings per share for the current year.

NetEase Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th were issued a $0.435 dividend. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $1.74 annualized dividend and a yield of 1.74%. NetEase’s dividend payout ratio (DPR) is presently 76.45%.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. StockNews.com cut shares of NetEase from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 6th. Benchmark increased their target price on shares of NetEase from $105.00 to $115.00 and gave the company a “buy” rating in a report on Friday, February 21st. Bank of America boosted their price target on shares of NetEase from $120.00 to $122.00 and gave the stock a “buy” rating in a research note on Wednesday, January 15th. Morgan Stanley lifted their price objective on NetEase from $108.00 to $117.00 and gave the stock an “overweight” rating in a report on Wednesday, February 12th. Finally, Barclays increased their target price on NetEase from $82.00 to $104.00 and gave the company an “equal weight” rating in a report on Monday, February 24th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $114.57.

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.