Fullerton Fund Management Co Ltd purchased a new stake in NetEase Inc (NASDAQ:NTES) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 13,688 shares of the technology company’s stock, valued at approximately $3,124,000. NetEase makes up approximately 1.6% of Fullerton Fund Management Co Ltd’s holdings, making the stock its 8th largest position.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. increased its holdings in shares of NetEase by 96.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 462 shares of the technology company’s stock valued at $117,000 after buying an additional 227 shares in the last quarter. CIBC Asset Management Inc increased its holdings in shares of NetEase by 4.0% in the second quarter. CIBC Asset Management Inc now owns 6,187 shares of the technology company’s stock valued at $1,563,000 after buying an additional 237 shares in the last quarter. Thomas White International Ltd. increased its holdings in shares of NetEase by 5.1% in the third quarter. Thomas White International Ltd. now owns 5,190 shares of the technology company’s stock valued at $1,185,000 after buying an additional 250 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its holdings in shares of NetEase by 3.4% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 8,790 shares of the technology company’s stock valued at $2,006,000 after buying an additional 290 shares in the last quarter. Finally, Banque Pictet & Cie SA increased its holdings in shares of NetEase by 18.8% in the second quarter. Banque Pictet & Cie SA now owns 1,854 shares of the technology company’s stock valued at $468,000 after buying an additional 294 shares in the last quarter. 45.40% of the stock is currently owned by institutional investors.

Shares of NASDAQ:NTES opened at $229.43 on Thursday. NetEase Inc has a 12-month low of $184.60 and a 12-month high of $377.64. The firm has a market cap of $30.13 billion, a price-to-earnings ratio of 18.49, a PEG ratio of 1.51 and a beta of 0.97.

NetEase (NASDAQ:NTES) last announced its earnings results on Wednesday, November 14th. The technology company reported $1.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.10 by ($0.30). NetEase had a net margin of 9.22% and a return on equity of 12.66%. The firm had revenue of $2.45 billion for the quarter, compared to analyst estimates of $2.42 billion. During the same period last year, the firm earned $3.43 earnings per share. NetEase’s revenue for the quarter was up 30.9% compared to the same quarter last year. Equities research analysts anticipate that NetEase Inc will post 7.22 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 7th. Shareholders of record on Friday, November 30th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 0.78%. The ex-dividend date of this dividend is Thursday, November 29th. NetEase’s dividend payout ratio (DPR) is currently 14.42%.

Several research analysts have issued reports on NTES shares. Zacks Investment Research raised NetEase from a “hold” rating to a “strong-buy” rating and set a $249.00 price target on the stock in a report on Wednesday, October 10th. BidaskClub raised NetEase from a “buy” rating to a “strong-buy” rating in a report on Wednesday, November 7th. ValuEngine raised NetEase from a “hold” rating to a “buy” rating in a report on Thursday, November 1st. Nomura dropped their price target on NetEase from $352.00 to $265.00 in a report on Monday, October 29th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $254.00 price target on shares of NetEase in a report on Tuesday, November 20th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $298.10.

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NetEase Company Profile

NetEase, Inc operates an interactive online community in the People's Republic of China. The company operates through Online Game Services; E-Commerce; Advertising Services; and Email and Others segments. It offers various games in a range of genres through mobile devices and PCs, including role playing games, MMORPGs, battle arena games, simulation games, collectible card games, first-person shooter games, sandbox games, and other types of games to the Chinese market.

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Institutional Ownership by Quarter for NetEase (NASDAQ:NTES)

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