Ariose Capital Management Ltd Buys Shares of 212,400 NetEase Inc (NTES)

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.

NetEase announced that its board has authorized a stock buyback program on Wednesday, November 15th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the technology company to buy shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s board believes its shares are undervalued.

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 Profile

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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Institutional Ownership by Quarter for NetEase (NASDAQ:NTES)

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