Handelsbanken Fonder AB lifted its holdings in shares of NetEase Inc (NASDAQ:NTES) by 10.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 444,319 shares of the technology company’s stock after purchasing an additional 43,000 shares during the period. NetEase comprises approximately 3.4% of Handelsbanken Fonder AB’s holdings, making the stock its 2nd biggest holding. Handelsbanken Fonder AB owned 0.34% of NetEase worth $153,321,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Ladenburg Thalmann Financial Services Inc. boosted its position in NetEase by 117.6% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 494 shares of the technology company’s stock worth $131,000 after acquiring an additional 267 shares during the last quarter. Icon Wealth Partners LLC acquired a new stake in NetEase during the fourth quarter worth approximately $176,000. We Are One Seven LLC acquired a new stake in NetEase during the fourth quarter worth approximately $203,000. Cibc Bank USA acquired a new stake in NetEase during the fourth quarter worth approximately $204,000. Finally, Mariner Wealth Advisors LLC acquired a new stake in NetEase during the fourth quarter worth approximately $233,000. 51.27% of the stock is owned by institutional investors and hedge funds.

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A number of equities analysts have weighed in on the stock. Barclays set a $315.00 price target on shares of NetEase and gave the company an “equal weight” rating in a report on Tuesday, January 2nd. Deutsche Bank set a $380.00 price target on shares of NetEase and gave the company a “buy” rating in a report on Tuesday, January 2nd. Vetr upgraded shares of NetEase from a “hold” rating to a “buy” rating and set a $363.82 price target on the stock in a report on Monday, January 1st. Zacks Investment Research lowered shares of NetEase from a “hold” rating to a “sell” rating in a report on Wednesday, November 22nd. Finally, BidaskClub lowered shares of NetEase from a “hold” rating to a “sell” rating in a report on Thursday, January 11th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. NetEase has an average rating of “Hold” and a consensus target price of $344.87.

NetEase stock opened at $310.94 on Thursday. The firm has a market cap of $41,560.29, a price-to-earnings ratio of 25.17, a P/E/G ratio of 1.77 and a beta of 0.84. NetEase Inc has a 1-year low of $253.20 and a 1-year high of $377.64.

NetEase (NASDAQ:NTES) last released its quarterly earnings results on Wednesday, February 7th. The technology company reported $1.49 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.52 by ($0.03). NetEase had a return on equity of 24.93% and a net margin of 19.64%. The firm had revenue of $2.25 billion for the quarter, compared to analysts’ expectations of $2.27 billion. research analysts forecast that NetEase Inc will post 13.44 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, March 2nd. Investors of record on Friday, February 23rd were paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 0.49%. The ex-dividend date was Thursday, February 22nd. NetEase’s dividend payout ratio (DPR) is 25.10%.

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About NetEase

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.

Institutional Ownership by Quarter for NetEase (NASDAQ:NTES)

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