NetEase, Inc. (NASDAQ:NTES) Shares Sold by Polen Capital Management LLC

Polen Capital Management LLC decreased its stake in shares of NetEase, Inc. (NASDAQ:NTES) by 10.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,719 shares of the technology company’s stock after selling 549 shares during the quarter. Polen Capital Management LLC’s holdings in NetEase were worth $421,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in NTES. WT Asset Management Ltd acquired a new position in shares of NetEase in the 4th quarter valued at $2,624,000. SG Americas Securities LLC acquired a new position in shares of NetEase in the fourth quarter valued at about $654,000. APEIRON CAPITAL Ltd raised its stake in shares of NetEase by 20.5% in the fourth quarter. APEIRON CAPITAL Ltd now owns 129,321 shares of the technology company’s stock worth $11,537,000 after purchasing an additional 22,000 shares during the last quarter. Fisher Asset Management LLC lifted its holdings in shares of NetEase by 7.8% during the third quarter. Fisher Asset Management LLC now owns 1,145,657 shares of the technology company’s stock worth $107,130,000 after purchasing an additional 82,474 shares during the period. Finally, SVB Wealth LLC purchased a new stake in NetEase in the fourth quarter valued at approximately $3,817,000. Hedge funds and other institutional investors own 11.07% of the company’s stock.

NetEase Trading Down 0.8 %

NASDAQ NTES opened at $101.99 on Tuesday. NetEase, Inc. has a twelve month low of $75.85 and a twelve month high of $110.15. The stock has a 50-day moving average of $101.17 and a 200 day moving average of $91.42. The stock has a market capitalization of $65.49 billion, a price-to-earnings ratio of 16.01, a PEG ratio of 3.37 and a beta of 0.61.

NetEase (NASDAQ:NTES) last announced its earnings results on Thursday, February 20th. The technology company reported $1.87 earnings per share for the quarter, topping the consensus estimate of $1.73 by $0.14. NetEase had a return on equity of 22.12% and a net margin of 28.17%. The business had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $27.16 billion. Equities analysts predict that NetEase, Inc. will post 6.91 EPS for the current fiscal year.

NetEase Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th will be given a $0.435 dividend. The ex-dividend date is Thursday, March 6th. This represents a $1.74 annualized dividend and a dividend yield of 1.71%. NetEase’s dividend payout ratio (DPR) is 76.45%.

Wall Street Analyst Weigh In

Several brokerages have commented on NTES. Barclays lifted their price objective on shares of NetEase from $82.00 to $104.00 and gave the company an “equal weight” rating in a research note on Monday, February 24th. Benchmark increased their price target on NetEase from $105.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Bank of America boosted their price objective on NetEase from $120.00 to $122.00 and gave the company a “buy” rating in a report on Wednesday, January 15th. Morgan Stanley raised their target price on NetEase from $108.00 to $117.00 and gave the stock an “overweight” rating in a report on Wednesday, February 12th. Finally, StockNews.com downgraded NetEase from a “strong-buy” rating to a “buy” rating in a report on Friday, December 6th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $114.57.

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.