KEYWISE CAPITAL MANAGEMENT Ltd bought a new stake in NetEase Inc (NASDAQ:NTES) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 1,000 shares of the technology company’s stock, valued at approximately $345,000. NetEase comprises 0.1% of KEYWISE CAPITAL MANAGEMENT Ltd’s investment portfolio, making the stock its 12th biggest position.
A number of other large investors have also recently bought and sold shares of NTES. PNC Financial Services Group Inc. boosted its holdings in NetEase by 22.4% in the 2nd quarter. PNC Financial Services Group Inc. now owns 536 shares of the technology company’s stock valued at $161,000 after purchasing an additional 98 shares during the last quarter. Advisor Group Inc. boosted its holdings in NetEase by 16.0% in the 2nd quarter. Advisor Group Inc. now owns 2,453 shares of the technology company’s stock valued at $674,000 after purchasing an additional 338 shares during the last quarter. Voya Investment Management LLC boosted its holdings in NetEase by 13.8% in the 2nd quarter. Voya Investment Management LLC now owns 11,427 shares of the technology company’s stock valued at $3,436,000 after purchasing an additional 1,382 shares during the last quarter. Stifel Financial Corp boosted its holdings in NetEase by 25.9% in the 2nd quarter. Stifel Financial Corp now owns 3,032 shares of the technology company’s stock valued at $919,000 after purchasing an additional 624 shares during the last quarter. Finally, HighTower Advisors LLC boosted its holdings in NetEase by 279.3% in the 2nd quarter. HighTower Advisors LLC now owns 5,018 shares of the technology company’s stock valued at $1,514,000 after purchasing an additional 3,695 shares during the last quarter. Institutional investors own 48.15% of the company’s stock.
NTES has been the topic of several recent analyst reports. Goldman Sachs Group reiterated a “buy” rating and issued a $432.00 target price (up from $340.00) on shares of NetEase in a report on Thursday, January 18th. They noted that the move was a valuation call. UBS Group lowered shares of NetEase from a “buy” rating to a “neutral” rating in a report on Monday, October 30th. Vetr raised shares of NetEase from a “buy” rating to a “strong-buy” rating and set a $363.00 price target on the stock in a research note on Tuesday, January 30th. Nomura raised shares of NetEase from a “neutral” rating to a “buy” rating and boosted their price target for the company from $297.00 to $428.00 in a research note on Friday, November 17th. Finally, Zacks Investment Research raised shares of NetEase from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 17th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. NetEase presently has a consensus rating of “Hold” and a consensus price target of $349.14.
Shares of NetEase Inc (NASDAQ NTES) traded up $5.21 on Wednesday, reaching $300.11. 978,800 shares of the company traded hands, compared to its average volume of 1,398,893. NetEase Inc has a 1 year low of $253.20 and a 1 year high of $377.64. The stock has a market cap of $38,956.58, a P/E ratio of 25.11, a P/E/G ratio of 1.69 and a beta of 0.75.
NetEase (NASDAQ:NTES) last announced its earnings results on Wednesday, November 15th. The technology company reported $2.86 earnings per share for the quarter, topping the consensus estimate of $2.66 by $0.20. NetEase had a net margin of 19.64% and a return on equity of 24.93%. The firm had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.84 billion. analysts anticipate that NetEase Inc will post 13.25 EPS for the current year.
NetEase announced that its Board of Directors has authorized a stock repurchase program on Wednesday, November 15th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the technology company to purchase shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its shares are undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Investors of record on Friday, February 23rd will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 0.51%. The ex-dividend date of this dividend is Thursday, February 22nd. NetEase’s payout ratio is currently 30.38%.
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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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