MML Investors Services LLC grew its stake in NetEase Inc (NASDAQ:NTES) by 43.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,702 shares of the technology company’s stock after acquiring 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.
Other institutional investors and hedge funds also recently modified their holdings of the company. Ladenburg Thalmann Financial Services Inc. increased 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 worth $131,000 after acquiring an additional 267 shares during the last quarter. Icon Wealth Partners LLC acquired a new stake in shares of NetEase in the 4th quarter worth $176,000. Cibc Bank USA acquired a new stake in shares of NetEase in the 4th quarter worth $204,000. Mariner Wealth Advisors LLC acquired a new stake in shares of NetEase in the 4th quarter worth $233,000. Finally, Hikari Power Ltd acquired a new stake in shares of NetEase in the 4th quarter worth $242,000. 51.27% of the stock is owned by institutional investors and hedge funds.
A number of brokerages have issued reports on NTES. BidaskClub downgraded NetEase from a “sell” rating to a “strong sell” rating in a research note on Friday. Deutsche Bank set a $347.00 target price on NetEase and gave the stock a “buy” rating in a research note on Thursday. Zacks Investment Research downgraded NetEase from a “hold” rating to a “sell” rating in a research note on Saturday, March 31st. ValuEngine downgraded NetEase from a “hold” rating to a “sell” rating in a research note on Thursday, March 29th. Finally, Nomura cut their price objective on NetEase to $399.00 and set a “buy” rating for the company in a research report on Thursday, March 29th. Six investment analysts have rated the stock with a sell rating, four have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $340.73.
NASDAQ NTES traded down $5.33 during trading on Friday, hitting $272.74. The stock had a trading volume of 631,520 shares, compared to its average volume of 1,104,609. The company has a market cap of $36,029.23, a P/E ratio of 21.98, a P/E/G ratio of 1.66 and a beta of 0.87. NetEase Inc has a twelve month low of $253.20 and a twelve month high of $377.64.
NetEase (NASDAQ:NTES) last released its earnings results 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). The firm had revenue of $2.25 billion during the quarter, compared to analyst estimates of $2.27 billion. NetEase had a net margin of 19.64% and a return on equity of 24.93%. sell-side analysts anticipate that NetEase Inc will post 12.47 EPS for the current fiscal year.
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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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