Oaktree Fund Advisors LLC Boosts Stock Position in NetEase, Inc. (NASDAQ:NTES)

Oaktree Fund Advisors LLC boosted its holdings in shares of NetEase, Inc. (NASDAQ:NTES) by 55.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,804 shares of the technology company’s stock after purchasing an additional 9,587 shares during the quarter. NetEase comprises about 4.0% of Oaktree Fund Advisors LLC’s investment portfolio, making the stock its 12th largest position. Oaktree Fund Advisors LLC’s holdings in NetEase were worth $2,391,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of NTES. Hhlr Advisors LTD. raised its holdings in NetEase by 86.8% during the 3rd quarter. Hhlr Advisors LTD. now owns 2,588,943 shares of the technology company’s stock valued at $242,092,000 after buying an additional 1,203,129 shares during the period. Davis Selected Advisers purchased a new position in shares of NetEase during the 4th quarter worth about $53,287,000. Temasek Holdings Private Ltd bought a new position in NetEase during the 3rd quarter valued at about $51,498,000. Greenwoods Asset Management Hong Kong Ltd. raised its position in NetEase by 10.8% in the 4th quarter. Greenwoods Asset Management Hong Kong Ltd. now owns 3,632,870 shares of the technology company’s stock worth $324,088,000 after purchasing an additional 354,273 shares during the period. Finally, FengHe Fund Management Pte. Ltd. purchased a new stake in shares of NetEase in the fourth quarter worth approximately $30,563,000. Institutional investors own 11.07% of the company’s stock.

NetEase Stock Performance

Shares of NASDAQ NTES opened at $100.72 on Friday. The company has a market cap of $64.68 billion, a PE ratio of 15.81, a P/E/G ratio of 3.37 and a beta of 0.61. The business has a 50-day simple moving average of $102.05 and a two-hundred day simple moving average of $92.69. NetEase, Inc. has a fifty-two week low of $75.85 and a fifty-two week high of $110.15.

NetEase (NASDAQ:NTES) last issued its quarterly earnings results on Thursday, February 20th. The technology company reported $1.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.73 by $0.14. NetEase had a net margin of 28.17% and a return on equity of 22.12%. The business had revenue of $3.66 billion for the quarter, compared to analyst estimates of $27.16 billion. On average, sell-side analysts predict that NetEase, Inc. will post 6.91 earnings per share for the current fiscal year.

NetEase Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th were given a dividend of $0.435 per share. The ex-dividend date was Thursday, March 6th. This represents a $1.74 dividend on an annualized basis and a yield of 1.73%. NetEase’s dividend payout ratio is currently 76.45%.

Analyst Ratings Changes

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

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.