Strategic Global Advisors LLC Increases Position in NetEase, Inc. (NASDAQ:NTES)

Strategic Global Advisors LLC grew its holdings in NetEase, Inc. (NASDAQ:NTES - Free Report) by 26.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 55,822 shares of the technology company's stock after acquiring an additional 11,665 shares during the period. Strategic Global Advisors LLC's holdings in NetEase were worth $4,980,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Farther Finance Advisors LLC boosted its holdings in NetEase by 81.7% in the fourth quarter. Farther Finance Advisors LLC now owns 338 shares of the technology company's stock valued at $30,000 after purchasing an additional 152 shares during the last quarter. Brooklyn Investment Group acquired a new stake in NetEase during the fourth quarter worth about $34,000. UMB Bank n.a. raised its position in NetEase by 33.3% during the fourth 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 in the last quarter. Live Oak Investment Partners purchased a new stake in NetEase in the 4th quarter worth approximately $62,000. Finally, Avior Wealth Management LLC grew its stake 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 worth $89,000 after purchasing an additional 594 shares during the period. Institutional investors and hedge funds own 11.07% of the company's stock.

NetEase Price Performance

NASDAQ NTES traded up $1.89 during trading hours on Tuesday, hitting $120.99. 1,088,592 shares of the company's stock traded hands, compared to its average volume of 1,600,029. The company has a market capitalization of $76.66 billion, a PE ratio of 18.99, a PEG ratio of 3.37 and a beta of 0.66. The firm's 50-day moving average is $103.29 and its 200-day moving average is $97.77. NetEase, Inc. has a 52-week low of $75.85 and a 52-week high of $123.56.

NetEase (NASDAQ:NTES - Get Free Report) last released 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 return on equity of 22.12% and a net margin of 28.17%. The company had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $27.16 billion. Equities research analysts predict that NetEase, Inc. will post 6.91 earnings per share for the current fiscal year.

NetEase Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were given 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 1.44%. NetEase's dividend payout ratio (DPR) is presently 38.85%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Barclays lifted their price objective on shares of NetEase from $104.00 to $118.00 and gave the company an "equal weight" rating in a report on Friday. JPMorgan Chase & Co. increased their price target on NetEase from $120.00 to $135.00 and gave the stock an "overweight" rating in a research report on Monday. Deutsche Bank Aktiengesellschaft assumed coverage on NetEase in a research report on Monday, May 12th. They issued a "buy" rating and a $130.00 price objective for the company. Morgan Stanley increased their target price on NetEase from $108.00 to $117.00 and gave the company an "overweight" rating in a research report on Wednesday, February 12th. Finally, Benchmark boosted their price target on shares of NetEase from $105.00 to $115.00 and gave the stock a "buy" rating in a report on Friday, February 21st. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $119.38.

NetEase Company 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.