Mawer Investment Management Ltd. Buys Shares of 701,642 NetEase, Inc. (NASDAQ:NTES)

Mawer Investment Management Ltd. bought a new position in NetEase, Inc. (NASDAQ:NTES) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 701,642 shares of the technology company’s stock, valued at approximately $62,593,000. Mawer Investment Management Ltd. owned 0.11% of NetEase as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Citigroup Inc. lifted its holdings in NetEase by 6.9% during the third quarter. Citigroup Inc. now owns 50,349 shares of the technology company’s stock worth $4,708,000 after acquiring an additional 3,240 shares in the last quarter. Cerity Partners LLC raised its position in shares of NetEase by 21.4% during the third quarter. Cerity Partners LLC now owns 5,519 shares of the technology company’s stock worth $516,000 after purchasing an additional 972 shares during the period. Financial Counselors Inc. lifted its holdings in shares of NetEase by 8.0% during the 3rd quarter. Financial Counselors Inc. now owns 3,404 shares of the technology company’s stock valued at $318,000 after purchasing an additional 252 shares in the last quarter. Flow Traders U.S. LLC acquired a new position in shares of NetEase in the 3rd quarter valued at approximately $751,000. Finally, Hhlr Advisors LTD. increased its stake 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 purchasing an additional 1,203,129 shares in the last quarter. 11.07% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

NetEase Stock Performance

NTES opened at $100.72 on Friday. The business’s 50-day simple moving average is $102.05 and its 200 day simple moving average is $92.69. NetEase, Inc. has a 52-week low of $75.85 and a 52-week high of $110.15. The firm has a market capitalization of $64.68 billion, a PE ratio of 15.81, a PEG ratio of 3.37 and a beta of 0.61.

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, topping analysts’ consensus estimates of $1.73 by $0.14. The company had revenue of $3.66 billion for 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, research analysts forecast that NetEase, Inc. will post 6.91 earnings per share for the current year.

NetEase Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th were paid a $0.435 dividend. This represents a $1.74 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date of this dividend was Thursday, March 6th. NetEase’s dividend payout ratio is currently 76.45%.

NetEase Company 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.