Comgest Global Investors S.A.S. increased its stake in NetEase Inc (NASDAQ:NTES) by 0.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 2,274,160 shares of the technology company’s stock after buying an additional 8,377 shares during the period. NetEase comprises 17.0% of Comgest Global Investors S.A.S.’s investment portfolio, making the stock its biggest holding. Comgest Global Investors S.A.S.’s holdings in NetEase were worth $784,745,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. TT International purchased a new position in shares of NetEase in the 3rd quarter worth about $17,715,000. AXA lifted its holdings in NetEase by 5.9% during the third quarter. AXA now owns 32,431 shares of the technology company’s stock valued at $8,555,000 after purchasing an additional 1,820 shares during the last quarter. First Trust Advisors LP increased its position in shares of NetEase by 9.5% during the third quarter. First Trust Advisors LP now owns 319,517 shares of the technology company’s stock valued at $84,292,000 after buying an additional 27,771 shares during the period. Stifel Financial Corp increased its position in shares of NetEase by 25.9% during the second quarter. Stifel Financial Corp now owns 3,032 shares of the technology company’s stock valued at $919,000 after buying an additional 624 shares during the period. Finally, Fox Run Management L.L.C. increased its position in shares of NetEase by 228.6% during the third quarter. Fox Run Management L.L.C. now owns 2,300 shares of the technology company’s stock valued at $607,000 after buying an additional 1,600 shares during the period. 47.85% of the stock is currently owned by institutional investors.
Several brokerages have recently weighed in on NTES. ValuEngine cut NetEase from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Vetr upgraded NetEase from a “hold” rating to a “buy” rating and set a $359.78 price target on the stock in a research report on Tuesday, November 21st. Barclays upped their price target on NetEase from $260.00 to $320.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 21st. Benchmark upped their price target on NetEase to $355.00 and gave the company a “buy” rating in a research report on Tuesday, February 6th. Finally, Jefferies Group reiterated a “hold” rating and set a $302.00 price target on shares of NetEase in a research report on Friday, November 17th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $349.14.
NetEase Inc (NASDAQ NTES) opened at $307.44 on Tuesday. NetEase Inc has a 52-week low of $253.20 and a 52-week high of $377.64. The company has a market cap of $40,613.13, a P/E ratio of 25.73, a price-to-earnings-growth ratio of 1.76 and a beta of 0.75.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 2nd. Shareholders of record on Friday, February 23rd will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date is Thursday, February 22nd. NetEase’s payout ratio is currently 30.38%.
NetEase announced that its board has authorized a share repurchase plan on Wednesday, November 15th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the technology company to reacquire shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s board believes its stock is undervalued.
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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.
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