Itau Unibanco Holding S.A. acquired a new position in NetEase, Inc. (NASDAQ:NTES - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,360 shares of the technology company's stock, valued at approximately $212,000.
Several other large investors have also recently added to or reduced their stakes in the stock. UMB Bank n.a. grew its stake in shares of NetEase by 33.3% in the fourth 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. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of NetEase by 1.6% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 7,190 shares of the technology company's stock valued at $641,000 after purchasing an additional 114 shares during the period. Brighton Jones LLC increased its stake in NetEase by 1.1% during the 4th quarter. Brighton Jones LLC now owns 10,297 shares of the technology company's stock worth $919,000 after buying an additional 117 shares during the period. Farther Finance Advisors LLC increased its position in shares of NetEase by 81.7% during the fourth quarter. Farther Finance Advisors LLC now owns 338 shares of the technology company's stock worth $30,000 after acquiring an additional 152 shares during the last quarter. Finally, Euro Pacific Asset Management LLC increased its stake in shares of NetEase by 1.3% in the fourth quarter. Euro Pacific Asset Management LLC now owns 13,137 shares of the technology company's stock worth $1,172,000 after buying an additional 173 shares during the last quarter. 11.07% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of research firms recently commented on NTES. Morgan Stanley increased their price objective on NetEase from $108.00 to $117.00 and gave the stock an "overweight" rating in a report on Wednesday, February 12th. Benchmark lifted their price objective on NetEase from $105.00 to $115.00 and gave the company a "buy" rating in a report on Friday, February 21st. Bank of America boosted their price target on NetEase from $120.00 to $122.00 and gave the company a "buy" rating in a research note on Wednesday, January 15th. Finally, Barclays lifted their price target on shares of NetEase from $82.00 to $104.00 and gave the company an "equal weight" rating in a report on Monday, February 24th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, NetEase currently has an average rating of "Moderate Buy" and an average target price of $112.67.
Get Our Latest Report on NTES
NetEase Trading Down 2.0 %
Shares of NTES stock traded down $2.14 on Wednesday, hitting $106.84. 250,041 shares of the stock were exchanged, compared to its average volume of 1,599,586. NetEase, Inc. has a fifty-two week low of $75.85 and a fifty-two week high of $110.66. The business has a 50-day moving average of $101.31 and a 200 day moving average of $95.58. The firm has a market capitalization of $67.69 billion, a P/E ratio of 16.78, a price-to-earnings-growth ratio of 3.37 and a beta of 0.66.
NetEase (NASDAQ:NTES - Get Free Report) last issued its earnings results on Thursday, February 20th. The technology company reported $1.87 EPS for the quarter, topping 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. As a group, research analysts forecast that NetEase, Inc. will post 6.91 EPS for the current fiscal year.
NetEase Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were given a dividend of $0.435 per share. This represents a $1.74 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date was Thursday, March 6th. NetEase's dividend payout ratio is 76.45%.
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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