Ausdal Financial Partners Inc. bought a new position in NetEase, Inc. (NASDAQ:NTES - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,288 shares of the technology company's stock, valued at approximately $293,000.
Other hedge funds also recently bought and sold shares of the company. Farther Finance Advisors LLC lifted its position in shares of NetEase by 81.7% in the 4th quarter. Farther Finance Advisors LLC now owns 338 shares of the technology company's stock worth $30,000 after purchasing an additional 152 shares during the period. Brooklyn Investment Group bought a new position in NetEase in the 4th quarter worth about $34,000. UMB Bank n.a. grew its position in NetEase by 33.3% during the 4th quarter. UMB Bank n.a. now owns 444 shares of the technology company's stock valued at $40,000 after purchasing an additional 111 shares during the last quarter. Live Oak Investment Partners bought a new position in shares of NetEase in the fourth quarter worth approximately $62,000. Finally, Avior Wealth Management LLC grew its holdings in shares of NetEase by 148.9% during the fourth quarter. Avior Wealth Management LLC now owns 993 shares of the technology company's stock valued at $89,000 after buying an additional 594 shares during the last quarter. Hedge funds and other institutional investors own 11.07% of the company's stock.
Wall Street Analysts Forecast Growth
Several research firms recently issued reports on NTES. Morgan Stanley upped their price objective on NetEase from $108.00 to $117.00 and gave the company an "overweight" rating in a research report on Wednesday, February 12th. StockNews.com downgraded NetEase from a "strong-buy" rating to a "buy" rating in a report on Friday, December 6th. Benchmark lifted their price objective on NetEase from $105.00 to $115.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Bank of America boosted their target price on shares of NetEase from $120.00 to $122.00 and gave the company a "buy" rating in a research note on Wednesday, January 15th. Finally, Barclays increased their target price on NetEase from $82.00 to $104.00 and gave the company an "equal weight" rating in a report on Monday, February 24th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $114.57.
Check Out Our Latest Analysis on NetEase
NetEase Stock Down 0.4 %
NASDAQ:NTES traded down $0.39 during trading hours on Wednesday, hitting $105.97. 222,198 shares of the stock traded hands, compared to its average volume of 1,351,273. NetEase, Inc. has a 1 year low of $75.85 and a 1 year high of $110.15. The company has a market cap of $68.05 billion, a price-to-earnings ratio of 16.64, a price-to-earnings-growth ratio of 3.37 and a beta of 0.61. The stock has a 50 day moving average price of $102.22 and a 200 day moving average price of $93.18.
NetEase (NASDAQ:NTES - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The technology company reported $1.87 earnings per share for the quarter, topping analysts' consensus estimates of $1.73 by $0.14. The firm had revenue of $3.66 billion during the quarter, compared to analyst estimates of $27.16 billion. NetEase had a return on equity of 22.12% and a net margin of 28.17%. Equities analysts forecast that NetEase, Inc. will post 6.91 earnings per share for the current fiscal year.
NetEase Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th were given a dividend of $0.435 per share. This represents a $1.74 annualized dividend and a dividend yield of 1.64%. The ex-dividend date of this dividend was Thursday, March 6th. NetEase's payout ratio is currently 76.45%.
NetEase Company Profile
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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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