Ariose Capital Management Ltd bought a new stake in shares of NetEase Inc (NASDAQ:NTES) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 212,400 shares of the technology company’s stock, valued at approximately $73,590,000. NetEase accounts for about 29.4% of Ariose Capital Management Ltd’s holdings, making the stock its biggest position.
A number of other large investors also recently added to or reduced their stakes in the stock. BlackRock Inc. raised its stake in shares of NetEase by 5.2% in the 4th quarter. BlackRock Inc. now owns 4,963,150 shares of the technology company’s stock valued at $1,712,636,000 after buying an additional 243,978 shares in the last quarter. Comgest Global Investors S.A.S. raised its stake in shares of NetEase by 2.6% in the 3rd quarter. Comgest Global Investors S.A.S. now owns 2,265,783 shares of the technology company’s stock valued at $597,737,000 after buying an additional 58,279 shares in the last quarter. Central Asset Investments & Management Holdings HK Ltd acquired a new position in shares of NetEase in the 3rd quarter valued at $2,092,000. UBS Asset Management Americas Inc. raised its stake in shares of NetEase by 179.7% in the 4th quarter. UBS Asset Management Americas Inc. now owns 1,907,384 shares of the technology company’s stock valued at $658,181,000 after buying an additional 1,225,421 shares in the last quarter. Finally, Boston Partners raised its stake in shares of NetEase by 10.0% in the 3rd quarter. Boston Partners now owns 1,331,472 shares of the technology company’s stock valued at $351,256,000 after buying an additional 121,265 shares in the last quarter. Hedge funds and other institutional investors own 48.15% of the company’s stock.
Shares of NetEase Inc (NTES) opened at $307.44 on Monday. NetEase Inc has a fifty-two week low of $253.20 and a fifty-two week high of $377.64. The firm has a market cap of $40,610.00, a PE ratio of 24.17, a PEG ratio of 1.76 and a beta of 0.75.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Stockholders of record on Friday, February 23rd will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 0.49%. The ex-dividend date is Thursday, February 22nd. NetEase’s payout ratio is 28.54%.
A number of brokerages have recently issued reports on NTES. ValuEngine cut shares of NetEase from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Vetr upgraded shares of NetEase from a “hold” rating to a “buy” rating and set a $359.78 price objective for the company in a research note on Tuesday, November 21st. Barclays increased their price objective on shares of NetEase from $260.00 to $320.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 21st. Benchmark increased their price objective on shares of NetEase to $355.00 and gave the company a “buy” rating in a research note on Tuesday, February 6th. Finally, Jefferies Group restated a “hold” rating and issued a $302.00 price objective on shares of NetEase in a research note on Friday, November 17th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. NetEase currently has a consensus rating of “Hold” and a consensus target price of $349.14.
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NetEase, Inc (NetEase) is a technology company. The Company operates an interactive online community in China and is a provider of Chinese language content and services through its online games, Internet media, e-mail, e-commerce and other businesses. The Company operates through three segments: Online Game Services; Advertising Services, and E-mail, E-commerce and Others.
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