Vestmark Advisory Solutions Inc. Buys 2,579 Shares of NetEase, Inc. (NASDAQ:NTES)

Vestmark Advisory Solutions Inc. raised its stake in NetEase, Inc. (NASDAQ:NTES - Free Report) by 94.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 5,296 shares of the technology company's stock after purchasing an additional 2,579 shares during the period. Vestmark Advisory Solutions Inc.'s holdings in NetEase were worth $472,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. UMB Bank n.a. boosted its holdings in NetEase by 33.3% in the fourth quarter. UMB Bank n.a. now owns 444 shares of the technology company's stock worth $40,000 after purchasing an additional 111 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its position in NetEase by 1.6% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 7,190 shares of the technology company's stock valued at $641,000 after buying an additional 114 shares in the last quarter. Brighton Jones LLC increased its position in shares of NetEase by 1.1% during the 4th 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 during the period. State Street Corp raised its position in shares of NetEase by 0.3% during the third 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 during the period. Finally, Euro Pacific Asset Management LLC raised its holdings in NetEase by 1.3% during the 4th quarter. Euro Pacific Asset Management LLC now owns 13,137 shares of the technology company's stock worth $1,172,000 after buying an additional 173 shares during the period. Institutional investors own 11.07% of the company's stock.

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Wall Street Analyst Weigh In

NTES has been the subject of a number of recent analyst reports. Barclays raised their price objective on shares of NetEase from $82.00 to $104.00 and gave the stock an "equal weight" rating in a research note on Monday, February 24th. Morgan Stanley lifted their price target on NetEase from $108.00 to $117.00 and gave the company an "overweight" rating in a report on Wednesday, February 12th. StockNews.com downgraded NetEase from a "strong-buy" rating to a "buy" rating in a research note on Friday, December 6th. Bank of America lifted their target price on NetEase from $120.00 to $122.00 and gave the company a "buy" rating in a research note on Wednesday, January 15th. Finally, Citigroup increased their price target on shares of NetEase from $108.00 to $115.00 and gave the stock a "buy" rating in a research report on Friday, November 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, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $114.57.

NetEase Stock Performance

Shares of NTES traded up $0.46 during mid-day trading on Wednesday, hitting $104.88. The company's stock had a trading volume of 1,090,053 shares, compared to its average volume of 1,547,560. The stock's 50-day moving average is $99.98 and its two-hundred day moving average is $90.81. The firm has a market capitalization of $67.35 billion, a PE ratio of 16.46, a price-to-earnings-growth ratio of 3.37 and a beta of 0.61. NetEase, Inc. has a one year low of $75.85 and a one year high of $111.12.

NetEase (NASDAQ:NTES - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The technology company reported $1.87 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 business had revenue of $3.66 billion during the quarter, compared to analyst estimates of $27.16 billion. Analysts expect that NetEase, Inc. will post 6.91 EPS for the current fiscal year.

NetEase Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 6th will be given a $0.435 dividend. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $1.74 annualized dividend and a yield of 1.66%. NetEase's dividend payout ratio (DPR) is currently 76.45%.

NetEase 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.