NetEase, Inc. (NASDAQ:NTES) Shares Bought by Invesco Ltd.

Invesco Ltd. lifted its stake in shares of NetEase, Inc. (NASDAQ:NTES) by 88.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,365,464 shares of the technology company’s stock after acquiring an additional 1,107,363 shares during the quarter. Invesco Ltd. owned about 0.37% of NetEase worth $211,023,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NTES. State Street Corp lifted its holdings in shares of NetEase by 0.3% in the third quarter. State Street Corp now owns 56,729 shares of the technology company’s stock valued at $5,305,000 after buying an additional 156 shares during the period. XTX Topco Ltd acquired a new stake in NetEase in the 3rd quarter valued at about $274,000. MML Investors Services LLC lifted its holdings in NetEase by 12.1% in the 3rd quarter. MML Investors Services LLC now owns 3,954 shares of the technology company’s stock valued at $370,000 after acquiring an additional 428 shares during the last quarter. Advisory Resource Group boosted its position in shares of NetEase by 22.0% during the 3rd quarter. Advisory Resource Group now owns 12,626 shares of the technology company’s stock valued at $1,181,000 after purchasing an additional 2,281 shares in the last quarter. Finally, Sanctuary Advisors LLC grew its stake in shares of NetEase by 5.6% in the 3rd quarter. Sanctuary Advisors LLC now owns 13,245 shares of the technology company’s stock worth $1,145,000 after purchasing an additional 701 shares during the last quarter. Institutional investors own 11.07% of the company’s stock.

NetEase Stock Up 5.4 %

Shares of NetEase stock opened at $99.35 on Friday. NetEase, Inc. has a 12 month low of $75.85 and a 12 month high of $110.15. The stock has a market cap of $63.80 billion, a PE ratio of 15.60, a price-to-earnings-growth ratio of 3.37 and a beta of 0.65. The business has a fifty day simple moving average of $101.13 and a 200-day simple moving average of $94.13.

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

NetEase Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were given a dividend of $0.435 per share. This represents a $1.74 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date was Thursday, March 6th. NetEase’s payout ratio is presently 76.45%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Benchmark increased their target price 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. Morgan Stanley raised their price objective on NetEase from $108.00 to $117.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 12th. Bank of America lifted 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, Barclays increased their price target on NetEase from $82.00 to $104.00 and gave the company an “equal weight” rating in a research report on Monday, February 24th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $114.57.

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.