Ashton Thomas Private Wealth LLC decreased its position in shares of NetEase, Inc. (NASDAQ:NTES - Free Report) by 68.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,524 shares of the technology company's stock after selling 5,368 shares during the quarter. Ashton Thomas Private Wealth LLC's holdings in NetEase were worth $225,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of NetEase by 13,747.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,258,442 shares of the technology company's stock valued at $585,227,000 after buying an additional 6,213,248 shares in the last quarter. Hhlr Advisors LTD. lifted its stake in shares of NetEase by 86.8% during the 3rd quarter. Hhlr Advisors LTD. now owns 2,588,943 shares of the technology company's stock valued at $242,092,000 after buying an additional 1,203,129 shares in the last quarter. Fisher Asset Management LLC lifted its stake in shares of NetEase by 7.8% during the 3rd quarter. Fisher Asset Management LLC now owns 1,145,657 shares of the technology company's stock valued at $107,130,000 after buying an additional 82,474 shares in the last quarter. Wellington Management Group LLP lifted its stake in shares of NetEase by 1.1% during the 3rd quarter. Wellington Management Group LLP now owns 1,020,213 shares of the technology company's stock valued at $95,400,000 after buying an additional 10,920 shares in the last quarter. Finally, Temasek Holdings Private Ltd purchased a new position in shares of NetEase during the 3rd quarter valued at $51,498,000. Hedge funds and other institutional investors own 11.07% of the company's stock.
Analyst Upgrades and Downgrades
A number of research analysts recently weighed in on NTES shares. Barclays lifted their target price on shares of NetEase from $82.00 to $104.00 and gave the company an "equal weight" rating in a research note on Monday, February 24th. Bank of America boosted their price target on shares of NetEase from $120.00 to $122.00 and gave the stock a "buy" rating in a research note on Wednesday, January 15th. Citigroup boosted their price target on shares of NetEase from $108.00 to $115.00 and gave the stock a "buy" rating in a research note on Friday, November 15th. Morgan Stanley boosted their price target on shares of NetEase from $108.00 to $117.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 12th. Finally, StockNews.com cut shares of NetEase from a "strong-buy" rating to a "buy" rating in a research note on Friday, December 6th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, NetEase currently has a consensus rating of "Moderate Buy" and an average price target of $114.57.
Read Our Latest Analysis on NTES
NetEase Stock Up 2.0 %
NetEase stock opened at $104.42 on Wednesday. The company's 50-day moving average price is $99.98 and its 200-day moving average price is $90.81. NetEase, Inc. has a twelve month low of $75.85 and a twelve month high of $111.12. The company has a market cap of $67.05 billion, a PE ratio of 16.39, a price-to-earnings-growth ratio of 3.37 and a beta of 0.61.
NetEase (NASDAQ:NTES - Get Free Report) last posted its earnings results 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. NetEase had a net margin of 28.17% and a return on equity of 22.12%. The firm had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $27.16 billion. As a group, sell-side analysts expect that NetEase, Inc. will post 6.91 earnings per share for the current fiscal year.
NetEase Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 6th will be issued a dividend of $0.435 per share. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $1.74 annualized dividend and a yield of 1.67%. NetEase's payout ratio is 76.45%.
About NetEase
(
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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