J. Goldman & Co LP raised its stake in NetEase Inc (NASDAQ:NTES) by 463.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,485 shares of the technology company’s stock after acquiring an additional 5,335 shares during the quarter. J. Goldman & Co LP’s holdings in NetEase were worth $2,238,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. We Are One Seven LLC acquired a new stake in NetEase in the 4th quarter valued at about $203,000. Alkeon Capital Management LLC increased its position in NetEase by 100.5% in the 4th quarter. Alkeon Capital Management LLC now owns 400,201 shares of the technology company’s stock valued at $138,097,000 after acquiring an additional 200,594 shares in the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp increased its position in NetEase by 1.6% in the 4th quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 144,798 shares of the technology company’s stock valued at $49,965,000 after acquiring an additional 2,300 shares in the last quarter. Lake Street Advisors Group LLC acquired a new stake in NetEase in the 4th quarter valued at about $346,000. Finally, Vident Investment Advisory LLC acquired a new stake in NetEase in the 4th quarter valued at about $525,000. Hedge funds and other institutional investors own 51.27% of the company’s stock.
NetEase stock opened at $312.30 on Thursday. NetEase Inc has a one year low of $253.20 and a one year high of $377.64. The firm has a market cap of $41,560.29, a P/E ratio of 25.17, a P/E/G ratio of 1.77 and a beta of 0.84.
NetEase (NASDAQ:NTES) last released its quarterly earnings data on Wednesday, February 7th. The technology company reported $1.49 earnings per share for the quarter, missing the consensus estimate of $1.52 by ($0.03). NetEase had a return on equity of 24.93% and a net margin of 19.64%. The firm had revenue of $2.25 billion for the quarter, compared to the consensus estimate of $2.27 billion. equities analysts anticipate 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. Shareholders of record on Friday, February 23rd were paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date was Thursday, February 22nd. NetEase’s payout ratio is currently 25.10%.
Several equities research analysts have weighed in on the stock. BidaskClub upgraded shares of NetEase from a “sell” rating to a “hold” rating in a research report on Saturday, March 17th. ValuEngine cut shares of NetEase from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Zacks Investment Research upgraded shares of NetEase from a “sell” rating to a “hold” rating in a research report on Thursday, March 8th. Sanford C. Bernstein set a $285.00 price target on shares of NetEase and gave the stock a “sell” rating in a research report on Tuesday, February 27th. Finally, Vetr cut shares of NetEase from a “buy” rating to a “hold” rating and set a $359.78 price target for the company. in a research report on Monday, November 27th. Three investment 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. The company has an average rating of “Hold” and a consensus price target of $344.87.
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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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