California Public Employees Retirement System boosted its holdings in NetEase Inc (NASDAQ:NTES) by 26.3% during the 4th quarter, HoldingsChannel reports. The fund owned 175,032 shares of the technology company’s stock after purchasing an additional 36,404 shares during the quarter. California Public Employees Retirement System’s holdings in NetEase were worth $60,398,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Central Asset Investments & Management Holdings HK Ltd purchased a new stake in NetEase in the 3rd quarter valued at about $2,092,000. Capital International Investors purchased a new stake in NetEase in the 3rd quarter valued at about $180,472,000. Nordea Investment Management AB increased its stake in NetEase by 40.5% in the 3rd quarter. Nordea Investment Management AB now owns 868,319 shares of the technology company’s stock valued at $229,071,000 after buying an additional 250,166 shares during the last quarter. Investec Asset Management LTD increased its stake in NetEase by 35.7% in the 3rd quarter. Investec Asset Management LTD now owns 754,343 shares of the technology company’s stock valued at $199,003,000 after buying an additional 198,413 shares during the last quarter. Finally, Boston Partners increased its stake in NetEase by 10.0% in the 3rd quarter. Boston Partners now owns 1,331,472 shares of the technology company’s stock valued at $351,256,000 after buying an additional 121,265 shares during the last quarter. 48.15% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts have commented on the stock. Vetr lowered shares of NetEase from a “buy” rating to a “hold” rating and set a $323.68 price objective for the company. in a research note on Monday, November 20th. Nomura upgraded shares of NetEase from a “neutral” rating to a “buy” rating and increased their price objective for the company from $297.00 to $428.00 in a research note on Friday, November 17th. Deutsche Bank set a $380.00 price target on shares of NetEase and gave the stock a “buy” rating in a research note on Tuesday, January 2nd. Barclays set a $315.00 price target on shares of NetEase and gave the stock an “equal weight” rating in a research note on Tuesday, January 2nd. Finally, Zacks Investment Research lowered shares of NetEase from a “hold” rating to a “sell” rating in a research note on Wednesday, November 22nd. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $349.14.

Shares of NetEase Inc (NTES) opened at $294.90 on Tuesday. NetEase Inc has a one year low of $252.54 and a one year high of $377.64. The stock has a market cap of $38,960.00, a P/E ratio of 18.80, a PEG ratio of 1.66 and a beta of 0.75.

NetEase (NASDAQ:NTES) last released its quarterly earnings data on Wednesday, November 15th. The technology company reported $2.86 earnings per share for the quarter, beating analysts’ consensus estimates of $2.66 by $0.20. NetEase had a net margin of 19.64% and a return on equity of 24.93%. The business had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.84 billion. analysts forecast that NetEase Inc will post 13.3 earnings per share for the current year.

NetEase declared that its board has authorized a share repurchase plan on Wednesday, November 15th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the technology company to purchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its shares are undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 2nd. Investors of record on Friday, February 23rd will be paid a $0.38 dividend. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a $1.52 dividend on an annualized basis and a yield of 0.52%. NetEase’s dividend payout ratio is 23.14%.

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NetEase Profile

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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Institutional Ownership by Quarter for NetEase (NASDAQ:NTES)

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