Mawer Investment Management Ltd. Purchases Shares of 701,642 NetEase, Inc. (NASDAQ:NTES)

Mawer Investment Management Ltd. acquired a new stake in NetEase, Inc. (NASDAQ:NTES) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 701,642 shares of the technology company’s stock, valued at approximately $62,593,000.

Other large investors also recently modified their holdings of the company. Oaktree Fund Advisors LLC boosted its holdings in shares of NetEase by 55.7% during the 4th quarter. Oaktree Fund Advisors LLC now owns 26,804 shares of the technology company’s stock worth $2,391,000 after buying an additional 9,587 shares during the period. Oaktree Capital Management LP lifted its position in NetEase by 71.8% during the fourth quarter. Oaktree Capital Management LP now owns 399,694 shares of the technology company’s stock worth $35,657,000 after acquiring an additional 167,100 shares during the last quarter. Schroder Investment Management Group boosted its holdings in shares of NetEase by 5.3% during the fourth quarter. Schroder Investment Management Group now owns 12,885 shares of the technology company’s stock worth $1,149,000 after acquiring an additional 648 shares during the period. Arrowstreet Capital Limited Partnership grew its position in shares of NetEase by 2.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,016,465 shares of the technology company’s stock valued at $179,889,000 after purchasing an additional 54,899 shares during the last quarter. Finally, Pictet Asset Management Holding SA increased its stake in shares of NetEase by 1,459.5% during the fourth quarter. Pictet Asset Management Holding SA now owns 134,113 shares of the technology company’s stock worth $11,964,000 after purchasing an additional 125,513 shares during the period. 11.07% of the stock is owned by institutional investors.

NetEase Stock Down 1.0 %

Shares of NetEase stock opened at $100.72 on Friday. The firm’s 50-day moving average price is $102.05 and its two-hundred day moving average price is $92.69. The company has a market capitalization of $64.68 billion, a price-to-earnings ratio of 15.81, a PEG ratio of 3.37 and a beta of 0.61. NetEase, Inc. has a 12-month low of $75.85 and a 12-month high of $110.15.

NetEase (NASDAQ:NTES) last announced its quarterly earnings data on Thursday, February 20th. The technology company reported $1.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.73 by $0.14. NetEase had a net margin of 28.17% and a return on equity of 22.12%. The business had revenue of $3.66 billion for the quarter, compared to analysts’ expectations of $27.16 billion. On average, sell-side analysts expect that NetEase, Inc. will post 6.91 earnings per share for the current year.

NetEase Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were given a dividend of $0.435 per share. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $1.74 annualized dividend and a yield of 1.73%. NetEase’s dividend payout ratio is presently 76.45%.

Analysts Set New Price Targets

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

About NetEase

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.