Triata Capital Ltd Purchases New Holdings in NetEase, Inc. (NASDAQ:NTES)

Triata Capital Ltd purchased a new stake in shares of NetEase, Inc. (NASDAQ:NTES - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 54,427 shares of the technology company's stock, valued at approximately $4,855,000. NetEase comprises about 2.0% of Triata Capital Ltd's investment portfolio, making the stock its 9th biggest holding.

Several other institutional investors have also recently made changes to their positions in the business. Farther Finance Advisors LLC lifted its position in NetEase by 81.7% during 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 in the last quarter. Brooklyn Investment Group bought a new position in shares of NetEase in the fourth quarter worth about $34,000. UMB Bank n.a. lifted its position in shares of NetEase by 33.3% during the 4th quarter. UMB Bank n.a. now owns 444 shares of the technology company's stock valued at $40,000 after buying an additional 111 shares in the last quarter. Live Oak Investment Partners bought a new position in shares of NetEase during the 4th quarter valued at 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 valued at $89,000 after acquiring an additional 594 shares during the period. Institutional investors own 11.07% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Benchmark lifted their price target on shares of NetEase from $105.00 to $115.00 and gave the company a "buy" rating in a report on Friday, February 21st. Wall Street Zen upgraded shares of NetEase from a "buy" rating to a "strong-buy" rating in a research note on Thursday. Barclays upped their target price on shares of NetEase from $104.00 to $118.00 and gave the stock an "equal weight" rating in a report on Friday, May 16th. JPMorgan Chase & Co. raised their price target on NetEase from $120.00 to $135.00 and gave the company an "overweight" rating in a report on Monday. Finally, Morgan Stanley upped their price objective on NetEase from $108.00 to $117.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 12th. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $119.38.

NetEase Stock Up 0.3%

NASDAQ NTES traded up $0.39 during trading on Friday, hitting $119.41. 536,796 shares of the stock traded hands, compared to its average volume of 1,586,559. NetEase, Inc. has a 12-month low of $75.85 and a 12-month high of $123.56. The firm has a 50-day simple moving average of $103.99 and a 200-day simple moving average of $98.20. The company has a market capitalization of $75.65 billion, a P/E ratio of 18.73, a price-to-earnings-growth ratio of 3.37 and a beta of 0.66.

NetEase (NASDAQ:NTES - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The technology company reported $1.87 earnings per share for the quarter, topping the consensus estimate of $1.73 by $0.14. The company had revenue of $3.66 billion for the quarter, compared to analysts' expectations of $27.16 billion. NetEase had a net margin of 28.17% and a return on equity of 22.12%. As a group, research analysts predict that NetEase, Inc. will post 6.91 EPS for the current fiscal year.

NetEase Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be paid a $0.675 dividend. The ex-dividend date of this dividend is Friday, May 30th. NetEase's payout ratio is 38.85%.

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.