Nomura Holdings Inc. acquired a new stake in shares of NetEase, Inc. (NASDAQ:NTES - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 34,398 shares of the technology company's stock, valued at approximately $3,069,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Farther Finance Advisors LLC boosted its position 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 acquiring an additional 152 shares in the last quarter. 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 4th quarter. UMB Bank n.a. now owns 444 shares of the technology company's stock worth $40,000 after purchasing an additional 111 shares during the period. Live Oak Investment Partners bought a new stake in NetEase in the 4th quarter worth approximately $62,000. Finally, Avior Wealth Management LLC grew its position in NetEase by 148.9% in 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. 11.07% of the stock is owned by institutional investors.
NetEase Stock Performance
Shares of NTES stock traded down $0.48 on Monday, reaching $119.10. 1,793,871 shares of the company were exchanged, compared to its average volume of 1,601,573. NetEase, Inc. has a 1 year low of $75.85 and a 1 year high of $123.56. The company has a market cap of $75.46 billion, a price-to-earnings ratio of 18.70, a P/E/G ratio of 3.37 and a beta of 0.66. The business has a 50-day moving average price of $102.66 and a 200 day moving average price of $97.32.
NetEase (NASDAQ:NTES - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The technology company reported $1.87 EPS 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 business had revenue of $3.66 billion for the quarter, compared to analyst estimates of $27.16 billion. As a group, equities analysts anticipate that NetEase, Inc. will post 6.91 earnings per share 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 issued a dividend of $0.435 per share. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $1.74 dividend on an annualized basis and a yield of 1.46%. NetEase's dividend payout ratio (DPR) is presently 38.85%.
Analyst Ratings Changes
A number of brokerages have recently issued reports on NTES. Deutsche Bank Aktiengesellschaft began coverage on shares of NetEase in a research report on Monday, May 12th. They set a "buy" rating and a $130.00 price objective for the company. JPMorgan Chase & Co. boosted their price target on shares of NetEase from $120.00 to $135.00 and gave the stock an "overweight" rating in a research note on Monday. Benchmark upped their target price on shares of NetEase from $105.00 to $115.00 and gave the company a "buy" rating in a research report on Friday, February 21st. Morgan Stanley upped their target price on shares of NetEase from $108.00 to $117.00 and gave the company an "overweight" rating in a research report on Wednesday, February 12th. Finally, Barclays boosted their target price on NetEase from $104.00 to $118.00 and gave the company an "equal weight" rating in a research report on Friday. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $119.38.
Read Our Latest Report on NTES
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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