Capital International Inc. CA decreased its holdings in shares of NetEase, Inc. (NASDAQ:NTES - Free Report) by 3.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 473,964 shares of the technology company's stock after selling 18,259 shares during the quarter. Capital International Inc. CA owned about 0.07% of NetEase worth $42,282,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC boosted its position in shares of NetEase by 81.7% in the fourth quarter. Farther Finance Advisors LLC now owns 338 shares of the technology company's stock worth $30,000 after buying an additional 152 shares during the period. Brooklyn Investment Group purchased a new position in NetEase in the 4th quarter worth approximately $34,000. UMB Bank n.a. grew its position in 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 acquiring an additional 111 shares in the last quarter. Live Oak Investment Partners purchased a new stake in shares of NetEase during the fourth quarter valued at approximately $62,000. Finally, Avior Wealth Management LLC lifted its position in shares of NetEase by 148.9% during the fourth quarter. Avior Wealth Management LLC now owns 993 shares of the technology company's stock worth $89,000 after purchasing an additional 594 shares in the last quarter. 11.07% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
NTES has been the topic of several analyst reports. Barclays lifted their price target on shares of NetEase from $82.00 to $104.00 and gave the stock an "equal weight" rating in a research note on Monday, February 24th. Morgan Stanley boosted their price target on NetEase from $108.00 to $117.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 12th. Bank of America increased their price target on NetEase from $120.00 to $122.00 and gave the company a "buy" rating in a report on Wednesday, January 15th. Finally, Benchmark upped their target price on NetEase from $105.00 to $115.00 and gave the company a "buy" rating in a research report on Friday, February 21st. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $114.57.
Get Our Latest Stock Report on NetEase
NetEase Trading Up 2.0 %
NTES traded up $2.08 during trading on Thursday, reaching $105.79. 415,558 shares of the company were exchanged, compared to its average volume of 1,611,536. The stock has a market cap of $67.93 billion, a P/E ratio of 16.62, a PEG ratio of 3.37 and a beta of 0.65. NetEase, Inc. has a 52 week low of $75.85 and a 52 week high of $110.15. The firm has a 50 day moving average of $100.36 and a 200 day moving average of $94.27.
NetEase (NASDAQ:NTES - Get Free Report) last posted its earnings results on Thursday, February 20th. The technology company reported $1.87 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.73 by $0.14. The firm had revenue of $3.66 billion during the quarter, compared to analyst estimates of $27.16 billion. NetEase had a net margin of 28.17% and a return on equity of 22.12%. As a group, analysts forecast that NetEase, Inc. will post 6.91 earnings per share for the current fiscal year.
NetEase Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders 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 annualized dividend and a dividend yield of 1.64%. NetEase's payout ratio is 76.45%.
NetEase Profile
(
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.
Read More
Before you consider NetEase, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and NetEase wasn't on the list.
While NetEase currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
