Todd Asset Management LLC Has $28.52 Million Holdings in NetEase, Inc. (NASDAQ:NTES)

Todd Asset Management LLC grew its holdings in NetEase, Inc. (NASDAQ:NTES) by 1.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 319,654 shares of the technology company’s stock after buying an additional 4,711 shares during the period. Todd Asset Management LLC’s holdings in NetEase were worth $28,516,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in NetEase by 13,747.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,258,442 shares of the technology company’s stock valued at $585,227,000 after purchasing an additional 6,213,248 shares during the last quarter. Hhlr Advisors LTD. raised its position in shares of NetEase by 86.8% in the third quarter. Hhlr Advisors LTD. now owns 2,588,943 shares of the technology company’s stock valued at $242,092,000 after purchasing an additional 1,203,129 shares during the period. Fisher Asset Management LLC lifted its stake in shares of NetEase by 7.8% during the 3rd quarter. Fisher Asset Management LLC now owns 1,145,657 shares of the technology company’s stock worth $107,130,000 after buying an additional 82,474 shares during the last quarter. Wellington Management Group LLP boosted its holdings in shares of NetEase by 1.1% during the 3rd quarter. Wellington Management Group LLP now owns 1,020,213 shares of the technology company’s stock worth $95,400,000 after buying an additional 10,920 shares during the period. Finally, Van ECK Associates Corp grew its stake in NetEase by 12.3% in the 3rd quarter. Van ECK Associates Corp now owns 666,411 shares of the technology company’s stock valued at $62,316,000 after buying an additional 72,988 shares during the last quarter. 11.07% of the stock is currently owned by institutional investors.

NetEase Stock Down 4.2 %

NASDAQ:NTES opened at $98.89 on Tuesday. The stock’s 50-day simple moving average is $97.88 and its 200 day simple moving average is $89.85. NetEase, Inc. has a twelve month low of $75.85 and a twelve month high of $114.50. The firm has a market capitalization of $63.50 billion, a PE ratio of 15.52, a price-to-earnings-growth ratio of 3.37 and a beta of 0.58.

NetEase (NASDAQ:NTES) last issued its earnings results on Thursday, February 20th. The technology company reported $1.87 earnings per share for the quarter, beating analysts’ consensus estimates of $1.73 by $0.14. The firm had revenue of $3.66 billion for 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%. On average, analysts anticipate that NetEase, Inc. will post 6.91 EPS for the current fiscal year.

NetEase Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Thursday, March 6th will be given a dividend of $0.435 per share. The ex-dividend date is Thursday, March 6th. This represents a $1.74 dividend on an annualized basis and a yield of 1.76%. NetEase’s dividend payout ratio is currently 76.61%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on NTES shares. Morgan Stanley lifted their price target on NetEase from $108.00 to $117.00 and gave the stock an “overweight” rating in a report on Wednesday, February 12th. Barclays raised their target price on shares of NetEase from $82.00 to $104.00 and gave the stock an “equal weight” rating in a report on Monday. StockNews.com cut NetEase from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 6th. Citigroup increased their target price on NetEase from $108.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Finally, Benchmark raised their price target on NetEase from $105.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, NetEase presently has an average rating of “Moderate Buy” and a consensus target price 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.