NetEase Inc (NTES) Position Boosted by Bridgewater Associates LP

Bridgewater Associates LP increased its position in NetEase Inc (NASDAQ:NTES) by 19.4% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 14,583 shares of the technology company’s stock after purchasing an additional 2,366 shares during the period. Bridgewater Associates LP’s holdings in NetEase were worth $3,329,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of NTES. Vontobel Asset Management Inc. acquired a new position in NetEase in the 2nd quarter worth approximately $256,375,000. EastBay Asset Management LLC acquired a new position in NetEase in the 2nd quarter worth approximately $67,008,000. Coronation Fund Managers Ltd. acquired a new position in NetEase in the 3rd quarter worth approximately $42,405,000. Krane Funds Advisors LLC boosted its stake in NetEase by 64.7% in the 2nd quarter. Krane Funds Advisors LLC now owns 463,651 shares of the technology company’s stock worth $117,151,000 after purchasing an additional 182,082 shares during the period. Finally, FIL Ltd boosted its stake in NetEase by 24.1% in the 3rd quarter. FIL Ltd now owns 887,590 shares of the technology company’s stock worth $202,593,000 after purchasing an additional 172,169 shares during the period. 43.64% of the stock is owned by hedge funds and other institutional investors.

NTES has been the subject of a number of recent analyst reports. ValuEngine raised shares of NetEase from a “hold” rating to a “buy” rating in a research note on Thursday, November 1st. BidaskClub raised shares of NetEase from a “hold” rating to a “buy” rating in a research note on Tuesday, October 2nd. Nomura decreased their target price on shares of NetEase from $386.00 to $352.00 and set a “buy” rating for the company in a research note on Friday, August 10th. Barclays decreased their target price on shares of NetEase from $275.00 to $260.00 and set a “hold” rating for the company in a research note on Thursday, August 30th. Finally, Benchmark decreased their target price on shares of NetEase from $320.00 to $295.00 and set a “buy” rating for the company in a research note on Thursday, November 15th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $298.10.

Shares of NASDAQ:NTES opened at $227.07 on Monday. The firm has a market cap of $29.82 billion, a price-to-earnings ratio of 18.30, a P/E/G ratio of 1.49 and a beta of 0.96. NetEase Inc has a 12-month low of $184.60 and a 12-month high of $377.64.

NetEase (NASDAQ:NTES) last issued its earnings results on Wednesday, November 14th. The technology company reported $1.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.10 by ($0.30). The company had revenue of $2.45 billion for the quarter, compared to analyst estimates of $2.42 billion. NetEase had a net margin of 9.22% and a return on equity of 12.66%. The company’s quarterly revenue was up 30.9% on a year-over-year basis. During the same period last year, the business earned $3.43 EPS. Equities research analysts expect that NetEase Inc will post 7.27 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 7th. Shareholders of record on Friday, November 30th will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date of this dividend is Thursday, November 29th. NetEase’s dividend payout ratio (DPR) is currently 14.42%.

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NetEase Company Profile

NetEase, Inc operates an interactive online community in the People's Republic of China. The company operates through Online Game Services; E-Commerce; Advertising Services; and Email and Others segments. It offers various games in a range of genres through mobile devices and PCs, including role playing games, MMORPGs, battle arena games, simulation games, collectible card games, first-person shooter games, sandbox games, and other types of games to the Chinese market.

Further Reading: What is Considered a Good Return on Equity (ROE)?

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Institutional Ownership by Quarter for NetEase (NASDAQ:NTES)

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