Broad Peak Investment Advisers Pte Ltd decreased its holdings in NetEase, Inc. (NASDAQ:NTES - Free Report) by 11.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 297,262 shares of the technology company's stock after selling 37,738 shares during the period. NetEase comprises approximately 13.4% of Broad Peak Investment Advisers Pte Ltd's investment portfolio, making the stock its 3rd biggest holding. Broad Peak Investment Advisers Pte Ltd's holdings in NetEase were worth $26,519,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. WT Asset Management Ltd purchased a new position in shares of NetEase in the 4th quarter worth approximately $2,624,000. SG Americas Securities LLC acquired a new stake in NetEase in the fourth quarter valued at approximately $654,000. APEIRON CAPITAL Ltd grew its holdings in NetEase by 20.5% in the fourth quarter. APEIRON CAPITAL Ltd now owns 129,321 shares of the technology company's stock worth $11,537,000 after purchasing an additional 22,000 shares during the last quarter. Fisher Asset Management LLC increased its position in shares of NetEase by 7.8% during the third quarter. Fisher Asset Management LLC now owns 1,145,657 shares of the technology company's stock worth $107,130,000 after purchasing an additional 82,474 shares in the last quarter. Finally, SVB Wealth LLC purchased a new stake in shares of NetEase during the 4th quarter valued at $3,817,000. Hedge funds and other institutional investors own 11.07% of the company's stock.
NetEase Stock Down 0.2 %
Shares of NASDAQ:NTES traded down $0.19 during midday trading on Tuesday, reaching $99.74. The company's stock had a trading volume of 697,793 shares, compared to its average volume of 1,554,626. The stock has a fifty day moving average of $101.97 and a 200 day moving average of $92.14. NetEase, Inc. has a twelve month low of $75.85 and a twelve month high of $110.15. The firm has a market capitalization of $64.05 billion, a PE ratio of 15.66, a P/E/G ratio of 3.37 and a beta of 0.61.
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, beating analysts' consensus estimates of $1.73 by $0.14. NetEase had a return on equity of 22.12% and a net margin of 28.17%. The business had revenue of $3.66 billion during the quarter, compared to analyst estimates of $27.16 billion. Sell-side analysts anticipate that NetEase, Inc. will post 6.91 earnings per share for the current fiscal year.
NetEase Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th were paid a dividend of $0.435 per share. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $1.74 dividend on an annualized basis and a dividend yield of 1.74%. NetEase's payout ratio is 76.45%.
Analyst Upgrades and Downgrades
Several research analysts recently weighed in on NTES shares. Benchmark boosted 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 lowered NetEase from a "strong-buy" rating to a "buy" rating in a research note on Friday, December 6th. Barclays increased their price objective 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. Morgan Stanley lifted their target price 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, Bank of America upped their price target 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. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $114.57.
Read Our Latest Research Report on NTES
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.
Featured Stories
Before you consider NetEase, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and NetEase wasn't on the list.
While NetEase currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
