Nan Fung Trinity HK Ltd. Has $8.86 Million Holdings in NetEase, Inc. (NASDAQ:NTES)

Nan Fung Trinity HK Ltd. trimmed its stake in NetEase, Inc. (NASDAQ:NTES) by 61.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 99,300 shares of the technology company’s stock after selling 155,800 shares during the period. NetEase comprises about 1.8% of Nan Fung Trinity HK Ltd.’s investment portfolio, making the stock its 20th largest position. Nan Fung Trinity HK Ltd.’s holdings in NetEase were worth $8,859,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brooklyn Investment Group bought a new position in shares of NetEase in the fourth quarter valued at approximately $34,000. UMB Bank n.a. increased its holdings in NetEase by 33.3% during the 4th quarter. UMB Bank n.a. now owns 444 shares of the technology company’s stock valued at $40,000 after purchasing an additional 111 shares in the last quarter. Highline Wealth Partners LLC bought a new position in NetEase in the 3rd quarter valued at $45,000. RPg Family Wealth Advisory LLC acquired a new position in NetEase in the third quarter worth $70,000. Finally, Allspring Global Investments Holdings LLC bought a new stake in shares of NetEase during the third quarter worth $76,000. 11.07% of the stock is owned by institutional investors.

Analyst Ratings Changes

NTES has been the subject of a number of research analyst reports. Morgan Stanley lifted their price target on NetEase from $108.00 to $117.00 and gave the company an “overweight” rating in a report on Wednesday, February 12th. StockNews.com downgraded shares of NetEase from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 6th. Benchmark increased their price target on shares of NetEase from $105.00 to $115.00 and gave the company a “buy” rating in a research note on Friday. Citigroup boosted their price objective on shares of NetEase from $108.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Finally, Bank of America increased their price objective on NetEase from $120.00 to $122.00 and gave the company a “buy” rating in a research report on Wednesday, January 15th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $111.43.

NetEase Price Performance

Shares of NASDAQ NTES opened at $103.22 on Friday. NetEase, Inc. has a fifty-two week low of $75.85 and a fifty-two week high of $114.50. The firm has a market capitalization of $66.28 billion, a P/E ratio of 16.20, a P/E/G ratio of 3.37 and a beta of 0.58. The company’s 50 day simple moving average is $97.77 and its 200 day simple moving average is $89.77.

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

NetEase Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Thursday, March 6th will be paid a $0.435 dividend. This represents a $1.74 annualized dividend and a yield of 1.69%. The ex-dividend date of this dividend is Thursday, March 6th. NetEase’s payout ratio is 76.61%.

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.