NetEase, Inc. (NASDAQ:NTES) Stock Holdings Increased by American Beacon Advisors Inc.

American Beacon Advisors Inc. increased its stake in shares of NetEase, Inc. (NASDAQ:NTESGet Rating) by 798.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 3,432 shares of the technology company’s stock after acquiring an additional 3,050 shares during the period. NetEase comprises about 9.7% of American Beacon Advisors Inc.’s portfolio, making the stock its 5th biggest position. American Beacon Advisors Inc.’s holdings in NetEase were worth $349,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Fifth Third Bancorp lifted its holdings in shares of NetEase by 4.1% in the fourth quarter. Fifth Third Bancorp now owns 2,767 shares of the technology company’s stock valued at $282,000 after purchasing an additional 110 shares in the last quarter. Los Angeles Capital Management LLC lifted its holdings in shares of NetEase by 0.3% in the fourth quarter. Los Angeles Capital Management LLC now owns 40,918 shares of the technology company’s stock valued at $4,165,000 after purchasing an additional 140 shares in the last quarter. Captrust Financial Advisors lifted its holdings in shares of NetEase by 131.0% in the third quarter. Captrust Financial Advisors now owns 335 shares of the technology company’s stock valued at $29,000 after purchasing an additional 190 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of NetEase by 8.6% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 2,499 shares of the technology company’s stock valued at $254,000 after purchasing an additional 197 shares in the last quarter. Finally, California State Teachers Retirement System lifted its holdings in shares of NetEase by 0.7% in the third quarter. California State Teachers Retirement System now owns 29,167 shares of the technology company’s stock valued at $2,491,000 after purchasing an additional 201 shares in the last quarter. 21.18% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NetEase stock traded up $2.51 during trading hours on Friday, hitting $104.00. The company’s stock had a trading volume of 2,422,394 shares, compared to its average volume of 2,552,948. NetEase, Inc. has a 1-year low of $68.62 and a 1-year high of $119.61. The business has a fifty day moving average of $93.08 and a 200 day moving average of $97.25. The company has a market capitalization of $69.67 billion, a PE ratio of 26.80, a P/E/G ratio of 1.19 and a beta of 0.41. The company has a quick ratio of 2.22, a current ratio of 2.24 and a debt-to-equity ratio of 0.01.

NetEase (NASDAQ:NTESGet Rating) last released its quarterly earnings results on Tuesday, May 24th. The technology company reported $7.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.99 by $6.73. The business had revenue of $23.56 billion during the quarter, compared to analyst estimates of $23.12 billion. NetEase had a net margin of 19.25% and a return on equity of 18.79%. The business’s revenue was up 14.8% on a year-over-year basis. During the same period last year, the business earned $1.00 EPS. On average, sell-side analysts anticipate that NetEase, Inc. will post 3.72 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 23rd. Shareholders of record on Wednesday, June 8th will be paid a dividend of $0.322 per share. The ex-dividend date is Tuesday, June 7th. This represents a $1.29 dividend on an annualized basis and a yield of 1.24%. NetEase’s dividend payout ratio (DPR) is 41.49%.

NTES has been the topic of several recent analyst reports. Citigroup reduced their price objective on shares of NetEase from $136.00 to $133.00 in a research note on Monday, February 14th. JPMorgan Chase & Co. raised shares of NetEase from an “underweight” rating to an “overweight” rating and upped their price objective for the company from $60.00 to $120.00 in a research note on Monday, May 16th. StockNews.com assumed coverage on shares of NetEase in a research note on Thursday, March 31st. They set a “buy” rating on the stock. HSBC dropped their price target on shares of NetEase from $126.00 to $122.00 and set a “buy” rating for the company in a research report on Wednesday. Finally, 86 Research raised shares of NetEase from a “hold” rating to a “buy” rating and set a $113.00 price target for the company in a research report on Friday, February 25th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $126.63.

NetEase Company Profile (Get Rating)

NetEase, Inc provides online services focusing on gaming, communication, and commerce in the Peoples' Republic of China and internationally. The company operates in three segments: Online Games Services, Youdao, and Innovative Businesses and Others. It develops and operates PC and mobile games, as well as offers games licensed from other game developers.

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Institutional Ownership by Quarter for NetEase (NASDAQ:NTES)

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