NetEase, Inc. (NASDAQ:NTES) Shares Sold by Mirae Asset Global Investments Co. Ltd.
Several other hedge funds and other institutional investors have also recently modified their holdings of NTES. Private Trust Co. NA raised its holdings in shares of NetEase by 418.9% in the 4th quarter. Private Trust Co. NA now owns 275 shares of the technology company’s stock valued at $26,000 after acquiring an additional 222 shares in the last quarter. Chilton Capital Management LLC bought a new stake in NetEase during the fourth quarter worth about $37,000. Pinpoint Asset Management Ltd purchased a new position in shares of NetEase in the 1st quarter worth about $42,000. First Capital Advisors Group LLC. purchased a new stake in NetEase in the second quarter worth approximately $47,000. Finally, Headlands Technologies LLC purchased a new position in shares of NetEase during the third quarter worth approximately $56,000. 11.07% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Separately, StockNews.com raised NetEase from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, March 26th. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $126.00.
View Our Latest Stock Analysis on NetEase
NetEase Stock Up 2.9 %
NTES traded up $2.79 during mid-day trading on Tuesday, reaching $99.76. 1,326,451 shares of the company traded hands, compared to its average volume of 1,748,097. The stock has a market capitalization of $64.32 billion, a P/E ratio of 15.32, a P/E/G ratio of 0.84 and a beta of 0.58. NetEase, Inc. has a 52-week low of $80.79 and a 52-week high of $118.89. The company’s fifty day moving average price is $105.00 and its 200-day moving average price is $103.59.
NetEase (NASDAQ:NTES – Get Free Report) last posted its quarterly earnings data on Thursday, February 29th. The technology company reported $1.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.20). The business had revenue of $3.82 billion during the quarter, compared to analysts’ expectations of $3.96 billion. NetEase had a return on equity of 24.36% and a net margin of 28.39%. As a group, sell-side analysts forecast that NetEase, Inc. will post 7.18 earnings per share for the current fiscal year.
NetEase Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were paid a dividend of $1.08 per share. This is a boost from NetEase’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 4.33%. NetEase’s payout ratio is 68.09%.
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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