MERIAN GLOBAL INVESTORS UK Ltd increased its position in NetEase Inc (NASDAQ:NTES) by 7.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,772 shares of the technology company’s stock after acquiring an additional 200 shares during the period. MERIAN GLOBAL INVESTORS UK Ltd’s holdings in NetEase were worth $652,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Advisors Asset Management Inc. grew its holdings in shares of NetEase by 18.1% during the second quarter. Advisors Asset Management Inc. now owns 15,101 shares of the technology company’s stock worth $3,816,000 after purchasing an additional 2,313 shares during the last quarter. Aperio Group LLC boosted its holdings in NetEase by 7.2% in the third quarter. Aperio Group LLC now owns 29,053 shares of the technology company’s stock valued at $6,631,000 after acquiring an additional 1,956 shares during the last quarter. Cornerstone Wealth Management LLC boosted its holdings in NetEase by 286.3% in the third quarter. Cornerstone Wealth Management LLC now owns 41,639 shares of the technology company’s stock valued at $151,000 after acquiring an additional 30,861 shares during the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH boosted its holdings in NetEase by 87.0% in the third quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 4,300 shares of the technology company’s stock valued at $965,000 after acquiring an additional 2,000 shares during the last quarter. Finally, Coronation Fund Managers Ltd. bought a new stake in NetEase in the third quarter valued at approximately $42,405,000. 44.63% of the stock is owned by institutional investors.
NTES traded up $3.78 during trading on Friday, hitting $242.35. The company’s stock had a trading volume of 779,495 shares, compared to its average volume of 788,459. NetEase Inc has a twelve month low of $184.60 and a twelve month high of $328.39. The firm has a market cap of $31.33 billion, a PE ratio of 35.28, a price-to-earnings-growth ratio of 21.48 and a beta of 0.74.
NetEase (NASDAQ:NTES) last issued its quarterly earnings results on Wednesday, February 20th. The technology company reported $1.92 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.51 by $0.41. NetEase had a return on equity of 13.60% and a net margin of 9.12%. The firm had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.91 billion. During the same period in the previous year, the firm earned $2.18 earnings per share. As a group, equities research analysts expect that NetEase Inc will post 7.74 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Stockholders of record on Friday, March 8th will be given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 0.79%. This is a positive change from NetEase’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Thursday, March 7th. NetEase’s dividend payout ratio is presently 27.80%.
Several analysts recently commented on NTES shares. ValuEngine cut NetEase from a “buy” rating to a “hold” rating in a report on Monday, February 4th. Morgan Stanley upgraded NetEase from an “equal weight” rating to an “overweight” rating and set a $300.00 target price on the stock in a report on Thursday, December 6th. Zacks Investment Research cut NetEase from a “hold” rating to a “sell” rating in a report on Wednesday. BidaskClub upgraded NetEase from a “hold” rating to a “buy” rating in a report on Thursday. Finally, Benchmark reduced their target price on NetEase from $320.00 to $295.00 and set a “buy” rating on the stock in a report on Thursday, November 15th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $271.39.
NetEase, Inc operates an interactive online community in the People's Republic of China. The company operates through Online Game Services; E-Commerce; Advertising Services; and Email and Others segments. It offers various games in a range of genres through mobile devices and PCs, including role playing games, MMORPGs, battle arena games, simulation games, collectible card games, first-person shooter games, sandbox games, and other types of games to the Chinese market.
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