Mariner Wealth Advisors LLC purchased a new position in shares of NetEase Inc (NASDAQ:NTES) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 676 shares of the technology company’s stock, valued at approximately $233,000.
Several other institutional investors have also bought and sold shares of the business. BlackRock Inc. boosted its holdings in shares of NetEase by 5.2% during the 4th quarter. BlackRock Inc. now owns 4,963,150 shares of the technology company’s stock worth $1,712,636,000 after buying an additional 243,978 shares in the last quarter. Comgest Global Investors S.A.S. boosted its holdings in shares of NetEase by 2.6% during the 3rd quarter. Comgest Global Investors S.A.S. now owns 2,265,783 shares of the technology company’s stock worth $597,737,000 after buying an additional 58,279 shares in the last quarter. Central Asset Investments & Management Holdings HK Ltd bought a new position in shares of NetEase during the 3rd quarter worth approximately $2,092,000. UBS Asset Management Americas Inc. boosted its holdings in shares of NetEase by 179.7% during the 4th quarter. UBS Asset Management Americas Inc. now owns 1,907,384 shares of the technology company’s stock worth $658,181,000 after buying an additional 1,225,421 shares in the last quarter. Finally, Boston Partners boosted its holdings in shares of NetEase by 10.0% during the 3rd quarter. Boston Partners now owns 1,331,472 shares of the technology company’s stock worth $351,256,000 after buying an additional 121,265 shares in the last quarter. Hedge funds and other institutional investors own 47.85% of the company’s stock.
NTES has been the topic of a number of research analyst reports. Goldman Sachs Group restated a “buy” rating and set a $432.00 price target (up from $340.00) on shares of NetEase in a report on Thursday, January 18th. They noted that the move was a valuation call. Vetr raised NetEase from a “buy” rating to a “strong-buy” rating and set a $363.00 target price on the stock in a research report on Tuesday, January 30th. UBS Group lowered NetEase from a “buy” rating to a “neutral” rating in a research report on Monday, October 30th. BidaskClub lowered NetEase from a “sell” rating to a “strong sell” rating in a research report on Tuesday, January 23rd. Finally, Nomura raised NetEase from a “neutral” rating to a “buy” rating and upped their target price for the stock from $297.00 to $428.00 in a research report on Friday, November 17th. Three research analysts have rated the stock with a sell rating, six have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $349.14.
NetEase Inc (NASDAQ:NTES) opened at $311.64 on Friday. NetEase Inc has a 12-month low of $253.20 and a 12-month high of $377.64. The firm has a market capitalization of $41,460.00, a P/E ratio of 24.44, a PEG ratio of 1.77 and a beta of 0.75.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 2nd. Investors of record on Friday, February 23rd will be given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date of this dividend is Thursday, February 22nd. NetEase’s payout ratio is currently 31.45%.
NetEase announced that its board has approved a share repurchase plan on Wednesday, November 15th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the technology company to repurchase shares of its stock through open market purchases. Shares repurchase plans are often a sign 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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