NetEase, Inc. (NASDAQ:NTES) Shares Purchased by Natixis Advisors LLC

Natixis Advisors LLC lifted its stake in NetEase, Inc. (NASDAQ:NTES - Free Report) by 97.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 55,280 shares of the technology company's stock after acquiring an additional 27,216 shares during the quarter. Natixis Advisors LLC's holdings in NetEase were worth $4,932,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in NTES. Farther Finance Advisors LLC lifted its stake in NetEase by 81.7% during the fourth quarter. Farther Finance Advisors LLC now owns 338 shares of the technology company's stock worth $30,000 after purchasing an additional 152 shares in the last quarter. Brooklyn Investment Group purchased a new stake in shares of NetEase in the 4th quarter valued at $34,000. UMB Bank n.a. lifted its stake in NetEase by 33.3% during the 4th quarter. UMB Bank n.a. now owns 444 shares of the technology company's stock worth $40,000 after acquiring an additional 111 shares in the last quarter. Live Oak Investment Partners purchased a new position in NetEase during the 4th quarter valued at about $62,000. Finally, RPg Family Wealth Advisory LLC acquired a new position in NetEase in the 3rd quarter valued at about $70,000. Hedge funds and other institutional investors own 11.07% of the company's stock.

NetEase Stock Performance

NASDAQ NTES traded up $1.05 during trading on Wednesday, reaching $100.79. 772,252 shares of the company's stock were exchanged, compared to its average volume of 1,549,957. The company has a 50 day moving average price of $102.04 and a two-hundred day moving average price of $92.29. The stock has a market cap of $64.72 billion, a P/E ratio of 15.82, a price-to-earnings-growth ratio of 3.37 and a beta of 0.61. NetEase, Inc. has a 1 year low of $75.85 and a 1 year high of $110.15.

Remove Ads

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 the consensus estimate of $1.73 by $0.14. The firm had revenue of $3.66 billion during 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%. Research analysts forecast that NetEase, Inc. will post 6.91 EPS for the current fiscal year.

NetEase Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th were issued a $0.435 dividend. This represents a $1.74 annualized dividend and a dividend yield of 1.73%. The ex-dividend date of this dividend was Thursday, March 6th. NetEase's payout ratio is 76.45%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on NTES shares. Barclays increased their price target on shares of NetEase from $82.00 to $104.00 and gave the stock an "equal weight" rating in a research report on Monday, February 24th. Bank of America raised their price target on shares of NetEase from $120.00 to $122.00 and gave the company a "buy" rating in a research report on Wednesday, January 15th. StockNews.com lowered NetEase from a "strong-buy" rating to a "buy" rating in a research report on Friday, December 6th. Morgan Stanley lifted their target price on NetEase from $108.00 to $117.00 and gave the company an "overweight" rating in a report on Wednesday, February 12th. Finally, Benchmark upped their price target on NetEase from $105.00 to $115.00 and gave the stock a "buy" rating in a report on Friday, February 21st. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $114.57.

NetEase Company Profile

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.