Fisher Asset Management LLC Trims Stock Holdings in NetEase, Inc. $NTES

Fisher Asset Management LLC decreased its position in NetEase, Inc. (NASDAQ:NTES) by 1.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,112,284 shares of the technology company’s stock after selling 20,768 shares during the period. Fisher Asset Management LLC owned approximately 0.18% of NetEase worth $153,073,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Ameritas Advisory Services LLC raised its stake in shares of NetEase by 125.8% during the 3rd quarter. Ameritas Advisory Services LLC now owns 8,285 shares of the technology company’s stock valued at $1,259,000 after buying an additional 4,616 shares during the last quarter. Range Financial Group LLC purchased a new position in shares of NetEase during the 4th quarter valued at about $1,759,000. Renaissance Group LLC acquired a new stake in shares of NetEase during the 3rd quarter valued at about $6,177,000. American Century Companies Inc. grew its position in shares of NetEase by 7.3% during the 3rd quarter. American Century Companies Inc. now owns 803,379 shares of the technology company’s stock valued at $122,106,000 after acquiring an additional 54,929 shares during the period. Finally, Ovata Capital Management Ltd grew its position in shares of NetEase by 228.6% during the 3rd quarter. Ovata Capital Management Ltd now owns 25,300 shares of the technology company’s stock valued at $3,850,000 after acquiring an additional 17,600 shares during the period. Hedge funds and other institutional investors own 11.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on NTES shares. Citigroup restated a “buy” rating on shares of NetEase in a research report on Wednesday, February 11th. Wall Street Zen upgraded NetEase from a “hold” rating to a “buy” rating in a report on Saturday. Nomura lowered their price objective on NetEase from $160.00 to $155.00 and set a “buy” rating on the stock in a report on Friday, February 13th. Barclays lowered their price objective on NetEase from $135.00 to $132.00 and set an “equal weight” rating on the stock in a report on Thursday, February 12th. Finally, Benchmark reiterated a “buy” rating on shares of NetEase in a report on Friday. Seven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $156.88.

NetEase Stock Performance

NASDAQ:NTES opened at $116.55 on Tuesday. The company’s 50-day moving average price is $114.56 and its 200-day moving average price is $125.93. The company has a market cap of $73.84 billion, a P/E ratio of 15.48, a P/E/G ratio of 1.50 and a beta of 0.72. NetEase, Inc. has a twelve month low of $106.06 and a twelve month high of $159.55.

NetEase Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Friday, June 5th will be issued a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Friday, June 5th. NetEase’s payout ratio is currently 61.49%.

About NetEase

NetEase, Inc (NASDAQ: NTES) is a Chinese technology company headquartered in Hangzhou that develops and operates Internet services and products. Founded in 1997 by William Ding (Ding Lei), the company has grown from an early web portal and e-mail provider into a diversified online services group. William Ding has served as the company’s founder and long-time leader, guiding its expansion into games, digital content and consumer services.

The company’s primary business is interactive entertainment: NetEase Games designs, develops and publishes PC and mobile games for domestic and international audiences, offering a mix of self-developed franchises and titles published under licensing and strategic partnerships.