M&T Bank Corp Lowers Stake in NetEase, Inc. (NASDAQ:NTES)

M&T Bank Corp lowered its stake in shares of NetEase, Inc. (NASDAQ:NTES) by 1.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,121 shares of the technology company’s stock after selling 491 shares during the period. M&T Bank Corp’s holdings in NetEase were worth $2,866,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Assetmark Inc. raised its position in shares of NetEase by 27.3% during the third quarter. Assetmark Inc. now owns 38,469 shares of the technology company’s stock valued at $3,597,000 after buying an additional 8,248 shares during the last quarter. WT Asset Management Ltd bought a new stake in shares of NetEase during the fourth quarter valued at approximately $2,624,000. SG Americas Securities LLC bought a new stake in shares of NetEase during the fourth quarter valued at approximately $654,000. State of New Jersey Common Pension Fund D raised its position in shares of NetEase by 87.0% during the third quarter. State of New Jersey Common Pension Fund D now owns 75,282 shares of the technology company’s stock valued at $7,040,000 after buying an additional 35,031 shares during the last quarter. Finally, APEIRON CAPITAL Ltd raised its position in shares of NetEase by 20.5% during the fourth quarter. APEIRON CAPITAL Ltd now owns 129,321 shares of the technology company’s stock valued at $11,537,000 after buying an additional 22,000 shares during the last quarter. Institutional investors own 11.07% of the company’s stock.

NetEase Stock Up 0.8 %

NASDAQ NTES opened at $102.78 on Friday. The company has a fifty day moving average of $99.41 and a two-hundred day moving average of $90.52. The firm has a market capitalization of $66.00 billion, a price-to-earnings ratio of 16.14, a PEG ratio of 3.37 and a beta of 0.61. NetEase, Inc. has a 52 week low of $75.85 and a 52 week high of $111.12.

NetEase (NASDAQ:NTES) last posted its quarterly earnings data on Thursday, February 20th. The technology company reported $1.87 EPS for the quarter, topping the consensus estimate of $1.73 by $0.14. The company had revenue of $3.66 billion during the quarter, compared to analyst estimates of $27.16 billion. NetEase had a net margin of 28.17% and a return on equity of 22.12%. Equities research analysts anticipate that NetEase, Inc. will post 6.91 EPS for the current year.

NetEase Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be paid a dividend of $0.435 per share. This represents a $1.74 annualized dividend and a yield of 1.69%. The ex-dividend date is Thursday, March 6th. NetEase’s payout ratio is 76.45%.

Analyst Upgrades and Downgrades

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

NetEase 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.