KAMES CAPITAL plc cut its stake in shares of NetEase Inc (NASDAQ:NTES) by 10.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 57,077 shares of the technology company’s stock after selling 6,600 shares during the quarter. KAMES CAPITAL plc’s holdings in NetEase were worth $19,693,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Ladenburg Thalmann Financial Services Inc. grew its stake in shares of NetEase by 117.6% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 494 shares of the technology company’s stock worth $131,000 after purchasing an additional 267 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of NetEase by 22.4% during the 2nd quarter. PNC Financial Services Group Inc. now owns 536 shares of the technology company’s stock worth $161,000 after purchasing an additional 98 shares during the period. Mariner Wealth Advisors LLC acquired a new position in shares of NetEase during the 2nd quarter worth $203,000. Yorktown Management & Research Co Inc acquired a new position in shares of NetEase during the 2nd quarter worth $210,000. Finally, Raymond James Financial Services Advisors Inc. acquired a new stake in NetEase in the 2nd quarter valued at about $218,000. 50.34% of the stock is currently owned by institutional investors and hedge funds.
A number of equities research analysts recently commented on the stock. Vetr cut shares of NetEase from a “buy” rating to a “hold” rating and set a $323.68 price objective on the stock. in a research note on Monday, November 20th. Nomura raised shares of NetEase from a “neutral” rating to a “buy” rating and increased their price objective for the company from $297.00 to $428.00 in a research note on Friday, November 17th. Deutsche Bank set a $380.00 price objective on shares of NetEase and gave the company a “buy” rating in a research note on Tuesday, January 2nd. Barclays set a $315.00 price objective on shares of NetEase and gave the company an “equal weight” rating in a research note on Tuesday, January 2nd. Finally, Zacks Investment Research cut shares of NetEase from a “hold” rating to a “sell” rating in a research note on Wednesday, November 22nd. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. NetEase has an average rating of “Hold” and an average price target of $348.96.
NetEase Inc (NASDAQ NTES) traded down $2.21 during trading hours on Friday, reaching $322.19. 1,322,700 shares of the company’s stock were exchanged, compared to its average volume of 1,341,725. The stock has a market cap of $42,940.00, a price-to-earnings ratio of 20.92, a price-to-earnings-growth ratio of 1.56 and a beta of 0.94. NetEase Inc has a 52 week low of $236.08 and a 52 week high of $377.64.
NetEase (NASDAQ:NTES) last released its earnings results on Wednesday, November 15th. The technology company reported $2.86 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.66 by $0.20. NetEase had a net margin of 25.34% and a return on equity of 31.84%. equities analysts anticipate that NetEase Inc will post 12.85 EPS for the current year.
NetEase declared that its board has initiated a share buyback plan on Wednesday, November 15th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the technology company to purchase shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s management believes its shares are undervalued.
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NetEase Company Profile
NetEase, Inc (NetEase) is a technology company. The Company operates an interactive online community in China and is a provider of Chinese language content and services through its online games, Internet media, e-mail, e-commerce and other businesses. The Company operates through three segments: Online Game Services; Advertising Services, and E-mail, E-commerce and Others.
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