CastleKnight Management LP bought a new position in shares of NetEase, Inc. (NASDAQ:NTES - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 7,200 shares of the technology company's stock, valued at approximately $642,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Farther Finance Advisors LLC grew its holdings in NetEase by 81.7% during the 4th quarter. Farther Finance Advisors LLC now owns 338 shares of the technology company's stock valued at $30,000 after buying an additional 152 shares in the last quarter. Brooklyn Investment Group purchased a new position in NetEase during the fourth quarter valued at $34,000. UMB Bank n.a. increased its holdings in NetEase by 33.3% in the 4th quarter. UMB Bank n.a. now owns 444 shares of the technology company's stock valued at $40,000 after acquiring an additional 111 shares during the last quarter. Live Oak Investment Partners purchased a new stake in NetEase in the 4th quarter worth $62,000. Finally, Avior Wealth Management LLC boosted its holdings in shares of NetEase by 148.9% during 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. Institutional investors own 11.07% of the company's stock.
NetEase Stock Performance
NASDAQ:NTES opened at $108.97 on Wednesday. The stock's fifty day moving average is $101.31 and its 200 day moving average is $95.58. The firm has a market capitalization of $69.04 billion, a PE ratio of 17.11, a PEG ratio of 3.37 and a beta of 0.66. NetEase, Inc. has a fifty-two week low of $75.85 and a fifty-two week high of $110.66.
NetEase (NASDAQ:NTES - Get Free Report) last announced its earnings results on Thursday, February 20th. The technology company reported $1.87 earnings per share for the quarter, beating 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 business had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $27.16 billion. Equities analysts forecast that NetEase, Inc. will post 6.91 EPS for the current year.
NetEase Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th were paid a $0.435 dividend. The ex-dividend date was Thursday, March 6th. This represents a $1.74 dividend on an annualized basis and a yield of 1.60%. NetEase's payout ratio is 76.45%.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently commented on NTES shares. Morgan Stanley boosted their target price on NetEase from $108.00 to $117.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 12th. Benchmark upped their price objective on NetEase from $105.00 to $115.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Bank of America raised their target price on shares of NetEase from $120.00 to $122.00 and gave the company a "buy" rating in a report on Wednesday, January 15th. Finally, Barclays upped their price target 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. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $112.67.
Read Our Latest Research Report on NetEase
NetEase Profile
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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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