WCM Investment Management LLC Sells 339 Shares of NetEase, Inc. (NASDAQ:NTES)

WCM Investment Management LLC decreased its stake in shares of NetEase, Inc. (NASDAQ:NTES) by 4.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 7,549 shares of the technology company’s stock after selling 339 shares during the quarter. WCM Investment Management LLC’s holdings in NetEase were worth $674,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of NTES. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of NetEase by 13,747.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,258,442 shares of the technology company’s stock worth $585,227,000 after purchasing an additional 6,213,248 shares during the period. Hhlr Advisors LTD. grew its position in NetEase by 86.8% in the 3rd quarter. Hhlr Advisors LTD. now owns 2,588,943 shares of the technology company’s stock valued at $242,092,000 after purchasing an additional 1,203,129 shares during the period. Temasek Holdings Private Ltd bought a new stake in NetEase during the 3rd quarter valued at $51,498,000. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in NetEase by 472.6% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 418,000 shares of the technology company’s stock worth $39,087,000 after buying an additional 345,000 shares during the last quarter. Finally, Public Employees Retirement System of Ohio bought a new position in shares of NetEase in the third quarter valued at $11,636,000. Institutional investors own 11.07% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on NTES shares. Bank of America upped their target price on shares of NetEase from $120.00 to $122.00 and gave the stock a “buy” rating in a report on Wednesday, January 15th. StockNews.com downgraded NetEase from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 6th. Morgan Stanley raised NetEase from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $90.00 to $108.00 in a research report on Wednesday, January 8th. Citigroup increased their price target on NetEase from $108.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Finally, Benchmark cut their price objective on shares of NetEase from $120.00 to $105.00 and set a “buy” rating on the stock in a report on Friday, November 15th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $108.71.

NetEase Stock Up 0.7 %

NetEase stock opened at $104.93 on Tuesday. The firm has a fifty day simple moving average of $95.61 and a two-hundred day simple moving average of $88.81. NetEase, Inc. has a twelve month low of $75.85 and a twelve month high of $114.50. The company has a market capitalization of $67.38 billion, a PE ratio of 17.72, a P/E/G ratio of 3.45 and a beta of 0.58.

NetEase Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were issued a $0.435 dividend. This represents a $1.74 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date of this dividend was Friday, November 29th. NetEase’s dividend payout ratio (DPR) is presently 29.22%.

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.