Todd Asset Management LLC Has $27.07 Million Position in NetEase, Inc. (NASDAQ:NTES)

Todd Asset Management LLC lessened its holdings in shares of NetEase, Inc. (NASDAQ:NTES) by 1.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 290,620 shares of the technology company’s stock after selling 3,935 shares during the quarter. Todd Asset Management LLC’s holdings in NetEase were worth $27,074,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NTES. WT Asset Management Ltd raised its position in NetEase by 381.1% during the fourth quarter. WT Asset Management Ltd now owns 996,686 shares of the technology company’s stock valued at $92,851,000 after acquiring an additional 789,499 shares in the last quarter. Assenagon Asset Management S.A. raised its position in shares of NetEase by 451.3% in the fourth quarter. Assenagon Asset Management S.A. now owns 511,454 shares of the technology company’s stock valued at $47,647,000 after purchasing an additional 418,677 shares during the period. Qube Research & Technologies Ltd bought a new position in shares of NetEase in the third quarter valued at approximately $12,017,000. New York State Common Retirement Fund raised its position in shares of NetEase by 221.9% in the third quarter. New York State Common Retirement Fund now owns 164,932 shares of the technology company’s stock valued at $16,520,000 after purchasing an additional 113,702 shares during the period. Finally, SCEP Management Ltd bought a new position in shares of NetEase in the third quarter valued at approximately $5,419,000. Institutional investors own 11.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. HSBC dropped their price target on shares of NetEase from $130.00 to $126.00 and set a “buy” rating on the stock in a research report on Wednesday, April 24th. StockNews.com lowered shares of NetEase from a “strong-buy” rating to a “buy” rating in a research report on Monday, April 29th. Finally, Morgan Stanley dropped their price target on shares of NetEase from $135.00 to $120.00 and set an “overweight” rating on the stock in a research report on Friday, April 12th. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $126.00.

NetEase Stock Performance

Shares of NASDAQ NTES traded up $4.07 during mid-day trading on Friday, hitting $103.02. 2,724,344 shares of the stock were exchanged, compared to its average volume of 1,456,896. The company has a market cap of $66.42 billion, a P/E ratio of 16.27, a PEG ratio of 0.94 and a beta of 0.58. The stock’s fifty day simple moving average is $101.20 and its two-hundred day simple moving average is $102.64. NetEase, Inc. has a twelve month low of $80.79 and a twelve month high of $118.89.

NetEase (NASDAQ:NTES) last posted its quarterly earnings data on Thursday, February 29th. The technology company reported $1.42 earnings per share for the quarter, missing the consensus estimate of $1.62 by ($0.20). The firm had revenue of $3.82 billion for the quarter, compared to analyst estimates of $3.96 billion. NetEase had a return on equity of 24.36% and a net margin of 28.39%. As a group, equities research analysts predict that NetEase, Inc. will post 7.04 earnings per share for the current fiscal year.

NetEase Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were paid a $1.08 dividend. The ex-dividend date of this dividend was Wednesday, March 13th. This is a boost from NetEase’s previous quarterly dividend of $0.50. This represents a $4.32 dividend on an annualized basis and a yield of 4.19%. NetEase’s dividend payout ratio (DPR) is presently 68.09%.

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.