NetEase, Inc. $NTES Shares Acquired by Mawer Investment Management Ltd.

Mawer Investment Management Ltd. grew its position in NetEase, Inc. (NASDAQ:NTES) by 24.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 559,896 shares of the technology company’s stock after buying an additional 108,446 shares during the quarter. Mawer Investment Management Ltd.’s holdings in NetEase were worth $77,053,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of NTES. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake 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 valued at $1,299,684,000 after buying an additional 8,538,717 shares in the last quarter. Bank of Montreal Can grew its stake in shares of NetEase by 1,636.4% in the third quarter. Bank of Montreal Can now owns 662,557 shares of the technology company’s stock valued at $100,702,000 after buying an additional 624,399 shares in the last quarter. Man Group plc grew its stake in shares of NetEase by 33.3% in the second quarter. Man Group plc now owns 983,156 shares of the technology company’s stock valued at $132,313,000 after buying an additional 245,872 shares in the last quarter. Causeway Capital Management LLC boosted its holdings in NetEase by 44.6% in the third quarter. Causeway Capital Management LLC now owns 638,315 shares of the technology company’s stock valued at $97,017,000 after purchasing an additional 196,821 shares during the period. Finally, Tiger Pacific Capital LP purchased a new position in NetEase in the third quarter valued at $28,993,000. 11.07% of the stock is owned by institutional investors and hedge funds.

NetEase Stock Performance

NetEase stock opened at $123.27 on Tuesday. NetEase, Inc. has a fifty-two week low of $106.06 and a fifty-two week high of $159.55. The company has a market capitalization of $78.70 billion, a P/E ratio of 16.37, a PEG ratio of 1.71 and a beta of 0.72. The stock has a 50-day simple moving average of $115.12 and a 200-day simple moving average of $125.35.

NetEase Cuts Dividend

The company 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 $0.72 dividend. This represents a $2.88 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Friday, June 5th. NetEase’s payout ratio is presently 61.49%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Barclays decreased their target price on NetEase from $135.00 to $132.00 and set an “equal weight” rating for the company in a report on Thursday, February 12th. Benchmark reiterated a “buy” rating on shares of NetEase in a report on Friday, May 22nd. Morgan Stanley reiterated an “overweight” rating and issued a $158.00 target price on shares of NetEase in a report on Tuesday, May 26th. Wall Street Zen upgraded NetEase from a “hold” rating to a “buy” rating in a report on Saturday, May 23rd. Finally, Nomura decreased their target price on NetEase from $160.00 to $155.00 and set a “buy” rating for the company in a report on Friday, February 13th. Seven investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $157.38.

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.