Nomura Holdings Inc. Cuts Position in NetEase, Inc. (NASDAQ:NTES)

Nomura Holdings Inc. lowered its holdings in shares of NetEase, Inc. (NASDAQ:NTESFree Report) by 51.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 240,253 shares of the technology company’s stock after selling 250,109 shares during the quarter. Nomura Holdings Inc.’s holdings in NetEase were worth $22,382,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Boston Partners acquired a new stake in NetEase in the 4th quarter valued at $964,000. Assenagon Asset Management S.A. increased its position in shares of NetEase by 451.3% during the fourth quarter. Assenagon Asset Management S.A. now owns 511,454 shares of the technology company’s stock worth $47,647,000 after purchasing an additional 418,677 shares in the last quarter. BNP Paribas Financial Markets raised its position in shares of NetEase by 64.5% in the fourth quarter. BNP Paribas Financial Markets now owns 56,809 shares of the technology company’s stock valued at $5,292,000 after buying an additional 22,268 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its stake in NetEase by 879.6% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 28,311 shares of the technology company’s stock worth $2,637,000 after purchasing an additional 25,421 shares in the last quarter. Finally, AI Squared Management Ltd purchased a new position in NetEase during the fourth quarter worth approximately $7,322,000. 11.07% of the stock is owned by institutional investors and hedge funds.

NetEase Stock Performance

Shares of NTES traded down $2.30 during midday trading on Tuesday, hitting $90.17. The company had a trading volume of 222,694 shares, compared to its average volume of 1,720,366. The company’s 50-day simple moving average is $95.17 and its 200-day simple moving average is $99.13. NetEase, Inc. has a 1 year low of $81.30 and a 1 year high of $118.89. The firm has a market capitalization of $57.90 billion, a P/E ratio of 14.34, a P/E/G ratio of 1.80 and a beta of 0.52.

NetEase (NASDAQ:NTESGet Free Report) last announced its quarterly earnings results on Thursday, May 23rd. The technology company reported $1.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.68 by ($0.05). NetEase had a return on equity of 24.19% and a net margin of 28.75%. The business had revenue of $3.72 billion for the quarter, compared to analysts’ expectations of $3.61 billion. Equities analysts predict that NetEase, Inc. will post 6.86 earnings per share for the current fiscal year.

NetEase Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Thursday, June 6th will be given a dividend of $0.495 per share. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $1.98 annualized dividend and a dividend yield of 2.20%. NetEase’s dividend payout ratio is presently 30.54%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on NTES shares. Barclays began coverage on shares of NetEase in a research note on Thursday, June 13th. They set an “equal weight” rating and a $104.00 target price on the stock. Benchmark lifted their target price on NetEase from $144.00 to $145.00 and gave the company a “buy” rating in a research report on Friday, May 24th. StockNews.com downgraded NetEase from a “strong-buy” rating to a “buy” rating in a research report on Thursday, May 16th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $100.00 target price (down previously from $120.00) on shares of NetEase in a research report on Thursday, May 23rd. Finally, HSBC decreased their price objective on shares of NetEase from $130.00 to $126.00 and set a “buy” rating on the stock in a report on Wednesday, April 24th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $123.00.

Check Out Our Latest Research Report on NTES

NetEase Profile

(Free Report)

NetEase, Inc engages in online games, music streaming, online intelligent learning services, and internet content services businesses in China and internationally . The company operates through Games and Related Value-Added Services, Youdao, Cloud Music, and Innovative Businesses and Others segments.

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Institutional Ownership by Quarter for NetEase (NASDAQ:NTES)

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