MML Investors Services LLC raised its holdings in NetEase Inc (NASDAQ:NTES) by 43.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,702 shares of the technology company’s stock after buying an additional 519 shares during the quarter. MML Investors Services LLC’s holdings in NetEase were worth $587,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in the business. Janney Montgomery Scott LLC boosted its stake in shares of NetEase by 2.5% in the 3rd quarter. Janney Montgomery Scott LLC now owns 7,021 shares of the technology company’s stock valued at $1,852,000 after purchasing an additional 170 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in shares of NetEase by 1.9% in the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 10,215 shares of the technology company’s stock valued at $3,493,000 after purchasing an additional 189 shares in the last quarter. Pacer Advisors Inc. boosted its stake in shares of NetEase by 19.3% in the 3rd quarter. Pacer Advisors Inc. now owns 1,187 shares of the technology company’s stock valued at $313,000 after purchasing an additional 192 shares in the last quarter. Cetera Advisor Networks LLC boosted its stake in shares of NetEase by 18.0% in the 3rd quarter. Cetera Advisor Networks LLC now owns 1,556 shares of the technology company’s stock valued at $411,000 after purchasing an additional 237 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of NetEase by 117.6% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 494 shares of the technology company’s stock valued at $131,000 after purchasing an additional 267 shares in the last quarter. 51.29% of the stock is currently owned by hedge funds and other institutional investors.
NTES has been the topic of several recent analyst reports. Goldman Sachs restated a “buy” rating and issued a $432.00 target price (up previously from $340.00) on shares of NetEase in a research note on Thursday, January 18th. They noted that the move was a valuation call. Vetr upgraded shares of NetEase from a “buy” rating to a “strong-buy” rating and set a $363.00 target price on the stock in a research note on Tuesday, January 30th. BidaskClub downgraded shares of NetEase from a “sell” rating to a “strong sell” rating in a research note on Tuesday, January 23rd. Zacks Investment Research upgraded shares of NetEase from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 17th. Finally, Nomura upgraded shares of NetEase from a “neutral” rating to a “buy” rating and boosted their target price for the company from $297.00 to $428.00 in a research note on Friday, November 17th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. NetEase currently has an average rating of “Hold” and a consensus target price of $344.87.
NetEase Inc (NTES) opened at $326.94 on Friday. The stock has a market cap of $43,009.44, a PE ratio of 27.36, a P/E/G ratio of 1.83 and a beta of 0.84. NetEase Inc has a 52-week low of $253.20 and a 52-week high of $377.64.
NetEase (NASDAQ:NTES) last issued its quarterly earnings results on Wednesday, February 7th. The technology company reported $1.49 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.52 by ($0.03). The company had revenue of $2.25 billion for the quarter, compared to analyst estimates of $2.27 billion. NetEase had a return on equity of 24.93% and a net margin of 19.64%. equities research analysts expect that NetEase Inc will post 13.44 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, March 2nd. Investors of record on Friday, February 23rd were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $1.52 annualized dividend and a yield of 0.46%. NetEase’s dividend payout ratio (DPR) is 25.10%.
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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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