Pitcairn Co. lifted its holdings in shares of NetEase, Inc. (NASDAQ:NTES - Free Report) by 62.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,026 shares of the technology company's stock after acquiring an additional 3,082 shares during the period. Pitcairn Co.'s holdings in NetEase were worth $716,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Farther Finance Advisors LLC lifted its position in NetEase by 81.7% in the 4th quarter. Farther Finance Advisors LLC now owns 338 shares of the technology company's stock worth $30,000 after buying an additional 152 shares during the last quarter. Brooklyn Investment Group purchased a new position in shares of NetEase in the fourth quarter worth approximately $34,000. UMB Bank n.a. raised its position in shares of NetEase by 33.3% during the 4th quarter. UMB Bank n.a. now owns 444 shares of the technology company's stock valued at $40,000 after purchasing an additional 111 shares during the period. Live Oak Investment Partners bought a new stake in NetEase in the 4th quarter valued at $62,000. Finally, Avior Wealth Management LLC lifted its stake in shares of NetEase by 148.9% in the 4th quarter. Avior Wealth Management LLC now owns 993 shares of the technology company's stock valued at $89,000 after purchasing an additional 594 shares during the last quarter. 11.07% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several equities research analysts have weighed in on NTES shares. Barclays raised 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. Morgan Stanley upped their price target on NetEase from $108.00 to $117.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 12th. Benchmark upped their target price on shares of NetEase from $105.00 to $115.00 and gave the company a "buy" rating in a report on Friday, February 21st. Finally, Bank of America raised their target price on NetEase from $120.00 to $122.00 and gave the company a "buy" rating in a report on Wednesday, January 15th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, NetEase currently has an average rating of "Moderate Buy" and an average price target of $114.57.
Check Out Our Latest Analysis on NTES
NetEase Stock Up 0.7 %
Shares of NASDAQ NTES traded up $0.63 during trading hours on Thursday, reaching $94.39. 678,453 shares of the stock traded hands, compared to its average volume of 1,608,445. NetEase, Inc. has a 52-week low of $75.85 and a 52-week high of $110.15. The company has a market capitalization of $60.61 billion, a P/E ratio of 14.86, a price-to-earnings-growth ratio of 3.37 and a beta of 0.65. The company's 50-day simple moving average is $101.36 and its two-hundred day simple moving average is $93.99.
NetEase (NASDAQ:NTES - Get Free Report) last issued its earnings results on Thursday, February 20th. The technology company reported $1.87 EPS for the quarter, topping the consensus estimate of $1.73 by $0.14. NetEase had a net margin of 28.17% and a return on equity of 22.12%. The company had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $27.16 billion. As a group, sell-side analysts forecast that NetEase, Inc. will post 6.91 earnings per share for the current fiscal year.
NetEase Announces Dividend
The business 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 1.84%. The ex-dividend date was Thursday, March 6th. NetEase's dividend payout ratio is currently 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.
Further Reading
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
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Spring 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
