Ninety One UK Ltd Has $556.02 Million Stake in NetEase, Inc. (NASDAQ:NTES)

Ninety One UK Ltd lowered its position in shares of NetEase, Inc. (NASDAQ:NTES) by 2.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,232,737 shares of the technology company’s stock after selling 162,139 shares during the quarter. NetEase comprises 1.5% of Ninety One UK Ltd’s investment portfolio, making the stock its 21st biggest holding. Ninety One UK Ltd owned about 0.97% of NetEase worth $556,022,000 at the end of the most recent quarter.

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

NetEase Stock Down 2.4 %

Shares of NASDAQ:NTES opened at $101.21 on Wednesday. The business’s 50 day moving average is $94.35 and its 200 day moving average is $88.55. NetEase, Inc. has a 12-month low of $75.85 and a 12-month high of $114.50. The stock has a market cap of $64.99 billion, a price-to-earnings ratio of 17.10, a PEG ratio of 3.44 and a beta of 0.58.

NetEase Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were paid a $0.435 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.74 annualized dividend and a dividend yield of 1.72%. NetEase’s payout ratio is 29.22%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on NTES. StockNews.com downgraded shares of NetEase from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 6th. Morgan Stanley raised NetEase from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $90.00 to $108.00 in a research note on Wednesday, January 8th. Citigroup raised their price objective on NetEase from $108.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Benchmark decreased their price objective on NetEase from $120.00 to $105.00 and set a “buy” rating for the company in a report on Friday, November 15th. Finally, Bank of America increased their target price on NetEase from $120.00 to $122.00 and gave the stock a “buy” rating in a report on Wednesday, January 15th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $108.71.

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.