Keystone Investors PTE Ltd. Invests $4.16 Million in NetEase, Inc. (NASDAQ:NTES)

Keystone Investors PTE Ltd. purchased a new stake in shares of NetEase, Inc. (NASDAQ:NTES) in the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 46,674 shares of the technology company’s stock, valued at approximately $4,164,000.

Several other hedge funds have also bought and sold shares of NTES. Farther Finance Advisors LLC lifted its holdings in shares of NetEase by 81.7% during the fourth quarter. Farther Finance Advisors LLC now owns 338 shares of the technology company’s stock valued at $30,000 after purchasing an additional 152 shares during the last quarter. Brooklyn Investment Group purchased a new position in NetEase during the fourth quarter valued at $34,000. UMB Bank n.a. boosted its holdings in NetEase by 33.3% in the fourth quarter. UMB Bank n.a. now owns 444 shares of the technology company’s stock worth $40,000 after acquiring an additional 111 shares in the last quarter. Live Oak Investment Partners purchased a new stake in shares of NetEase in the fourth quarter worth $62,000. Finally, RPg Family Wealth Advisory LLC purchased a new position in shares of NetEase in the 3rd quarter worth about $70,000. Institutional investors own 11.07% of the company’s stock.

Analysts Set New Price Targets

NTES has been the topic of several recent analyst reports. Barclays increased their price objective on shares of NetEase from $82.00 to $104.00 and gave the company an “equal weight” rating in a research report on Monday, February 24th. StockNews.com lowered shares of NetEase from a “strong-buy” rating to a “buy” rating in a report on Friday, December 6th. Morgan Stanley increased their target price on NetEase from $108.00 to $117.00 and gave the company an “overweight” rating in a research note on Wednesday, February 12th. Benchmark boosted their price target on NetEase from $105.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Finally, Bank of America increased their price objective on NetEase from $120.00 to $122.00 and gave the company a “buy” rating in a research report on Wednesday, January 15th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $114.57.

NetEase Stock Performance

NetEase stock opened at $99.93 on Tuesday. NetEase, Inc. has a one year low of $75.85 and a one year high of $110.15. The stock has a fifty day moving average of $101.97 and a 200 day moving average of $92.14. The stock has a market cap of $64.17 billion, a PE ratio of 15.69, a price-to-earnings-growth ratio of 3.37 and a beta of 0.61.

NetEase (NASDAQ:NTES) last released its quarterly earnings results on Thursday, February 20th. The technology company reported $1.87 EPS for the quarter, beating the consensus estimate of $1.73 by $0.14. The firm had revenue of $3.66 billion during the quarter, compared to analyst estimates of $27.16 billion. NetEase had a net margin of 28.17% and a return on equity of 22.12%. As a group, sell-side analysts predict that NetEase, Inc. will post 6.91 EPS for the current fiscal year.

NetEase Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th were given a dividend of $0.435 per share. This represents a $1.74 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date was Thursday, March 6th. NetEase’s payout ratio is 76.45%.

NetEase Company Profile

NetEase, Inc engages in online games, music streaming, online intelligent learning services, and internet content services businesses in China and internationally . The company operates through Games and Related Value-Added Services, Youdao, Cloud Music, and Innovative Businesses and Others segments.