Lyell Wealth Management LP bought a new position in shares of NetEase Inc (NASDAQ:NTES) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 3,871 shares of the technology company’s stock, valued at approximately $1,336,000.
Several other large investors also recently modified their holdings of the company. Ameritas Investment Partners Inc. increased its position in shares of NetEase by 1.3% during the second quarter. Ameritas Investment Partners Inc. now owns 1,366 shares of the technology company’s stock worth $411,000 after acquiring an additional 17 shares during the period. PNC Financial Services Group Inc. increased its position in shares of NetEase by 22.4% during the second quarter. PNC Financial Services Group Inc. now owns 536 shares of the technology company’s stock worth $161,000 after acquiring an additional 98 shares during the period. National Asset Management Inc. increased its position in shares of NetEase by 8.5% during the second quarter. National Asset Management Inc. now owns 1,742 shares of the technology company’s stock worth $524,000 after acquiring an additional 136 shares during the period. Janney Montgomery Scott LLC increased its position in shares of NetEase by 2.5% during the third quarter. Janney Montgomery Scott LLC now owns 7,021 shares of the technology company’s stock worth $1,852,000 after acquiring an additional 170 shares during the period. Finally, Pacer Advisors Inc. increased its position in shares of NetEase by 19.3% during the third quarter. Pacer Advisors Inc. now owns 1,187 shares of the technology company’s stock worth $313,000 after acquiring an additional 192 shares during the period. 48.15% of the stock is currently owned by institutional investors and hedge funds.
NTES has been the topic of a number of recent research reports. ValuEngine downgraded shares of NetEase from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Benchmark increased their price objective on shares of NetEase to $355.00 and gave the company a “buy” rating in a research note on Tuesday, February 6th. Vetr upgraded shares of NetEase from a “hold” rating to a “buy” rating and set a $359.78 price objective on the stock in a research note on Tuesday, November 21st. Barclays increased their price objective on shares of NetEase from $260.00 to $320.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 21st. Finally, CLSA upgraded shares of NetEase from a “sell” rating to an “underperform” rating in a research note on Thursday, February 8th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average 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’s stock traded hands, compared to its average volume of 1,398,893. The firm has a market capitalization of $38,956.58, a P/E ratio of 25.11, a price-to-earnings-growth ratio of 1.69 and a beta of 0.75. NetEase Inc has a 52 week low of $253.20 and a 52 week high of $377.64.
NetEase (NASDAQ:NTES) last posted its quarterly earnings results on Wednesday, November 15th. The technology company reported $2.86 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.66 by $0.20. The business had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.84 billion. NetEase had a net margin of 19.64% and a return on equity of 24.93%. analysts anticipate that NetEase Inc will post 13.25 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 2nd. Shareholders of record on Friday, February 23rd will be issued a $0.38 dividend. The ex-dividend date is Thursday, February 22nd. This represents a $1.52 dividend on an annualized basis and a dividend yield of 0.51%. NetEase’s dividend payout ratio is currently 30.38%.
NetEase declared that its board has initiated a share buyback program on Wednesday, November 15th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the technology company to buy shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is 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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