Temasek Holdings Private Ltd Has $64.64 Million Stock Holdings in NetEase, Inc. $NTES

Temasek Holdings Private Ltd boosted its holdings in shares of NetEase, Inc. (NASDAQ:NTES) by 28.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 469,728 shares of the technology company’s stock after acquiring an additional 103,653 shares during the period. Temasek Holdings Private Ltd owned 0.07% of NetEase worth $64,644,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of NetEase by 68,860.6% in the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 8,551,117 shares of the technology company’s stock worth $1,299,684,000 after acquiring an additional 8,538,717 shares in the last quarter. Fisher Asset Management LLC lifted its position in NetEase by 4.7% in the 3rd quarter. Fisher Asset Management LLC now owns 1,133,052 shares of the technology company’s stock valued at $172,213,000 after acquiring an additional 50,861 shares in the last quarter. Renaissance Technologies LLC lifted its position in NetEase by 0.5% in the 4th quarter. Renaissance Technologies LLC now owns 1,088,688 shares of the technology company’s stock valued at $149,825,000 after acquiring an additional 5,600 shares in the last quarter. Man Group plc lifted its position in NetEase by 7.3% in the 3rd quarter. Man Group plc now owns 1,055,122 shares of the technology company’s stock valued at $160,368,000 after acquiring an additional 71,966 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in NetEase by 9.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 923,326 shares of the technology company’s stock valued at $127,274,000 after acquiring an additional 81,703 shares in the last quarter. Institutional investors and hedge funds own 11.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on NTES shares. Benchmark reissued a “buy” rating on shares of NetEase in a research report on Friday, May 22nd. Wall Street Zen upgraded shares of NetEase from a “hold” rating to a “buy” rating in a research note on Saturday, May 23rd. Zacks Research upgraded shares of NetEase from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 8th. Finally, Morgan Stanley restated an “overweight” rating and set a $158.00 target price on shares of NetEase in a research report on Tuesday, May 26th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $157.38.

NetEase Price Performance

Shares of NASDAQ:NTES opened at $125.93 on Tuesday. The company has a market cap of $80.40 billion, a price-to-earnings ratio of 16.72, a PEG ratio of 1.63 and a beta of 0.72. The firm has a 50 day simple moving average of $117.38 and a 200 day simple moving average of $124.30. NetEase, Inc. has a one year low of $106.06 and a one year high of $159.55.

NetEase Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Friday, June 5th will be paid a $0.72 dividend. The ex-dividend date of this dividend is Friday, June 5th. This represents a $2.88 annualized dividend and a yield of 2.3%. NetEase’s dividend payout ratio is presently 38.11%.

NetEase Company Profile

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.