Mitsubishi UFJ Trust & Banking Corp trimmed its stake in NetEase, Inc. (NASDAQ:NTES - Free Report) by 75.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,971 shares of the technology company's stock after selling 39,909 shares during the period. Mitsubishi UFJ Trust & Banking Corp's holdings in NetEase were worth $1,157,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. UMB Bank n.a. grew its position in shares of NetEase by 33.3% in the 4th quarter. UMB Bank n.a. now owns 444 shares of the technology company's stock worth $40,000 after buying an additional 111 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its holdings in NetEase by 1.6% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 7,190 shares of the technology company's stock worth $641,000 after purchasing an additional 114 shares during the period. Brighton Jones LLC increased its stake in shares of NetEase by 1.1% during the fourth quarter. Brighton Jones LLC now owns 10,297 shares of the technology company's stock valued at $919,000 after purchasing an additional 117 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of NetEase by 81.7% during the fourth quarter. Farther Finance Advisors LLC now owns 338 shares of the technology company's stock valued at $30,000 after purchasing an additional 152 shares during the last quarter. Finally, State Street Corp boosted its position in shares of NetEase by 0.3% in the 3rd quarter. State Street Corp now owns 56,729 shares of the technology company's stock worth $5,305,000 after purchasing an additional 156 shares in the last quarter. Hedge funds and other institutional investors own 11.07% of the company's stock.
Analyst Ratings Changes
A number of research analysts have issued reports on the company. Morgan Stanley lifted their price objective on NetEase from $108.00 to $117.00 and gave the company an "overweight" rating in a research note on Wednesday, February 12th. Bank of America lifted their price target on NetEase from $120.00 to $122.00 and gave the stock a "buy" rating in a research report on Wednesday, January 15th. Benchmark upped their price target on shares of NetEase from $105.00 to $115.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. Finally, Barclays raised their price objective 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. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, NetEase currently has an average rating of "Moderate Buy" and an average price target of $114.57.
View Our Latest Analysis on NTES
NetEase Stock Down 5.8 %
Shares of NetEase stock traded down $6.08 during trading hours on Friday, reaching $98.86. 3,078,182 shares of the stock traded hands, compared to its average volume of 1,582,894. The company has a 50 day moving average price of $102.39 and a 200 day moving average price of $93.74. NetEase, Inc. has a one year low of $75.85 and a one year high of $110.15. The firm has a market capitalization of $63.48 billion, a price-to-earnings ratio of 15.52, a P/E/G ratio of 3.37 and a beta of 0.65.
NetEase (NASDAQ:NTES - Get Free Report) last issued its quarterly earnings data 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. NetEase had a net margin of 28.17% and a return on equity of 22.12%. The firm had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $27.16 billion. Sell-side analysts anticipate that NetEase, Inc. will post 6.91 earnings per share for the current year.
NetEase Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were issued a $0.435 dividend. This represents a $1.74 annualized dividend and a yield of 1.76%. The ex-dividend date was Thursday, March 6th. NetEase's dividend payout ratio is 76.45%.
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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