SVB Wealth LLC purchased a new position in NetEase, Inc. (NASDAQ:NTES - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 42,791 shares of the technology company's stock, valued at approximately $3,817,000.
Several other large investors also recently modified their holdings of the business. Todd Asset Management LLC increased its stake in NetEase by 1.5% during the 4th quarter. Todd Asset Management LLC now owns 319,654 shares of the technology company's stock worth $28,516,000 after purchasing an additional 4,711 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new position in NetEase in the fourth quarter valued at approximately $974,000. Infini Capital Management Ltd bought a new position in NetEase in the fourth quarter valued at approximately $7,315,000. Concurrent Investment Advisors LLC bought a new position in shares of NetEase in the fourth quarter valued at $217,000. Finally, Truist Financial Corp bought a new position in shares of NetEase in the 4th quarter valued at about $218,000. 11.07% of the stock is currently owned by institutional investors.
NetEase Trading Up 2.5 %
NetEase stock traded up $2.56 during trading hours on Wednesday, reaching $103.16. 1,669,995 shares of the stock were exchanged, compared to its average volume of 1,553,871. The stock has a 50 day moving average of $98.99 and a two-hundred day moving average of $90.37. The company has a market cap of $66.24 billion, a P/E ratio of 16.19, a price-to-earnings-growth ratio of 3.37 and a beta of 0.58. NetEase, Inc. has a twelve month low of $75.85 and a twelve month high of $111.12.
NetEase (NASDAQ:NTES - Get Free Report) last released its earnings results on Thursday, February 20th. The technology company reported $1.87 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.73 by $0.14. The firm had revenue of $3.66 billion for the quarter, compared to analysts' expectations of $27.16 billion. NetEase had a return on equity of 22.12% and a net margin of 28.17%. On average, analysts expect that NetEase, Inc. will post 6.91 earnings per share for the current fiscal year.
NetEase Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th will be given a dividend of $0.435 per share. The ex-dividend date is Thursday, March 6th. This represents a $1.74 dividend on an annualized basis and a dividend yield of 1.69%. NetEase's dividend payout ratio (DPR) is 76.45%.
Analyst Upgrades and Downgrades
Several research analysts have recently commented on the company. Benchmark lifted their target price on NetEase from $105.00 to $115.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. StockNews.com cut NetEase from a "strong-buy" rating to a "buy" rating in a report on Friday, December 6th. Morgan Stanley boosted their price objective on NetEase from $108.00 to $117.00 and gave the stock an "overweight" rating in a report on Wednesday, February 12th. Citigroup boosted their price target on NetEase from $108.00 to $115.00 and gave the company a "buy" rating in a research note on Friday, November 15th. Finally, Barclays boosted their target price on shares of NetEase from $82.00 to $104.00 and gave the company an "equal weight" rating in a research report on Monday, February 24th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $114.57.
View Our Latest Analysis on NetEase
NetEase Company 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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