Oaktree Fund Advisors LLC increased its stake in NetEase, Inc. (NASDAQ:NTES - Free Report) by 55.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,804 shares of the technology company's stock after purchasing an additional 9,587 shares during the period. NetEase accounts for 4.0% of Oaktree Fund Advisors LLC's portfolio, making the stock its 12th largest holding. Oaktree Fund Advisors LLC's holdings in NetEase were worth $2,391,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also recently bought and sold shares of NTES. Citigroup Inc. increased its stake in NetEase by 6.9% in the third quarter. Citigroup Inc. now owns 50,349 shares of the technology company's stock valued at $4,708,000 after purchasing an additional 3,240 shares in the last quarter. Cerity Partners LLC grew its holdings in shares of NetEase by 21.4% during the third quarter. Cerity Partners LLC now owns 5,519 shares of the technology company's stock worth $516,000 after buying an additional 972 shares in the last quarter. Financial Counselors Inc. lifted its stake in NetEase by 8.0% in the 3rd quarter. Financial Counselors Inc. now owns 3,404 shares of the technology company's stock valued at $318,000 after acquiring an additional 252 shares in the last quarter. Flow Traders U.S. LLC bought a new position in shares of NetEase during the 3rd quarter worth approximately $751,000. Finally, Hhlr Advisors LTD. grew its holdings in NetEase by 86.8% during the third quarter. Hhlr Advisors LTD. now owns 2,588,943 shares of the technology company's stock worth $242,092,000 after purchasing an additional 1,203,129 shares during the period. Institutional investors and hedge funds own 11.07% of the company's stock.
NetEase Stock Performance
Shares of NTES stock traded down $1.07 on Thursday, hitting $105.33. The company had a trading volume of 552,444 shares, compared to its average volume of 1,568,837. The stock's 50-day moving average is $102.36 and its two-hundred day moving average is $93.27. NetEase, Inc. has a twelve month low of $75.85 and a twelve month high of $110.15. The firm has a market cap of $67.64 billion, a P/E ratio of 16.54, a P/E/G ratio of 3.37 and a beta of 0.61.
NetEase (NASDAQ:NTES - Get Free Report) last issued its earnings results on Thursday, February 20th. The technology company reported $1.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.73 by $0.14. The business had revenue of $3.66 billion for the quarter, compared to analyst estimates of $27.16 billion. NetEase had a net margin of 28.17% and a return on equity of 22.12%. Equities research analysts predict that NetEase, Inc. will post 6.91 EPS for the current year.
NetEase Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were given a dividend of $0.435 per share. This represents a $1.74 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date of this dividend was Thursday, March 6th. NetEase's payout ratio is 76.45%.
Analyst Ratings Changes
A number of research firms have recently issued reports on NTES. Barclays raised their price objective on NetEase from $82.00 to $104.00 and gave the company an "equal weight" rating in a research report on Monday, February 24th. Benchmark raised their price target on NetEase from $105.00 to $115.00 and gave the company a "buy" rating in a report on Friday, February 21st. Morgan Stanley upped their price objective on shares of NetEase from $108.00 to $117.00 and gave the company an "overweight" rating in a report on Wednesday, February 12th. Bank of America lifted their target price on shares of NetEase from $120.00 to $122.00 and gave the stock a "buy" rating in a report on Wednesday, January 15th. Finally, StockNews.com cut shares of NetEase from a "strong-buy" rating to a "buy" rating in a report on Friday, December 6th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $114.57.
View Our Latest 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.
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