Temasek Holdings Private Ltd Acquires 103,653 Shares of NetEase, Inc. $NTES

Temasek Holdings Private Ltd grew its holdings in shares of NetEase, Inc. (NASDAQ:NTES) by 28.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 469,728 shares of the technology company’s stock after acquiring an additional 103,653 shares during the period. Temasek Holdings Private Ltd’s holdings in NetEase were worth $64,644,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Vanguard Personalized Indexing Management LLC increased its position in shares of NetEase by 8.2% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 9,894 shares of the technology company’s stock worth $1,362,000 after buying an additional 754 shares during the period. Potomac Fund Management Inc. ADV acquired a new stake in shares of NetEase during the fourth quarter worth $592,000. Focus Partners Wealth increased its position in shares of NetEase by 865.8% during the fourth quarter. Focus Partners Wealth now owns 17,646 shares of the technology company’s stock worth $2,428,000 after buying an additional 15,819 shares during the period. Arax Advisory Partners increased its position in shares of NetEase by 607.1% during the fourth quarter. Arax Advisory Partners now owns 594 shares of the technology company’s stock worth $82,000 after buying an additional 510 shares during the period. Finally, Atlas Capital Advisors Inc. acquired a new stake in shares of NetEase during the fourth quarter worth $47,000. Institutional investors own 11.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on NTES. Zacks Research upgraded shares of NetEase from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 8th. Benchmark reiterated a “buy” rating on shares of NetEase in a research report on Friday, May 22nd. Morgan Stanley reiterated an “overweight” rating and set a $158.00 price objective on shares of NetEase in a research report on Tuesday, May 26th. Finally, Wall Street Zen upgraded shares of NetEase from a “hold” rating to a “buy” rating in a research report on Saturday, May 23rd. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, NetEase presently has a consensus rating of “Moderate Buy” and a consensus price target of $157.38.

NetEase Price Performance

Shares of NASDAQ NTES opened at $125.93 on Tuesday. The stock has a market capitalization of $80.40 billion, a P/E ratio of 16.72, a P/E/G ratio of 1.63 and a beta of 0.72. The company has a 50-day moving average price of $117.38 and a 200-day moving average price of $124.30. NetEase, Inc. has a 1 year low of $106.06 and a 1 year high of $159.55.

NetEase Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Friday, June 5th will be issued a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Friday, June 5th. NetEase’s dividend payout ratio (DPR) is currently 38.11%.

NetEase Company Profile

NetEase, Inc (NASDAQ: NTES) is a Chinese technology company headquartered in Hangzhou that develops and operates Internet services and products. Founded in 1997 by William Ding (Ding Lei), the company has grown from an early web portal and e-mail provider into a diversified online services group. William Ding has served as the company’s founder and long-time leader, guiding its expansion into games, digital content and consumer services.

The company’s primary business is interactive entertainment: NetEase Games designs, develops and publishes PC and mobile games for domestic and international audiences, offering a mix of self-developed franchises and titles published under licensing and strategic partnerships.