Nomura Holdings Inc. Invests $3.07 Million in NetEase, Inc. (NASDAQ:NTES)

Nomura Holdings Inc. acquired a new position in shares of NetEase, Inc. (NASDAQ:NTES - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 34,398 shares of the technology company's stock, valued at approximately $3,069,000.

Other hedge funds have also recently added to or reduced their stakes in the company. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of NetEase during the fourth quarter valued at approximately $3,212,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of NetEase by 3.1% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 155,885 shares of the technology company's stock worth $13,907,000 after acquiring an additional 4,689 shares during the last quarter. Lazard Asset Management LLC lifted its position in NetEase by 2.0% in the 4th quarter. Lazard Asset Management LLC now owns 3,599,794 shares of the technology company's stock valued at $321,137,000 after purchasing an additional 69,789 shares during the last quarter. Focus Partners Wealth acquired a new stake in NetEase in the 4th quarter valued at approximately $310,000. Finally, CastleKnight Management LP bought a new stake in shares of NetEase during the fourth quarter valued at about $642,000. Institutional investors and hedge funds own 11.07% of the company's stock.

NetEase Trading Down 0.1%

NetEase stock traded down $0.16 during trading hours on Wednesday, reaching $120.83. 394,323 shares of the stock were exchanged, compared to its average volume of 1,595,283. The stock has a 50 day moving average of $103.29 and a two-hundred day moving average of $97.77. The company has a market cap of $76.56 billion, a P/E ratio of 18.96, a price-to-earnings-growth ratio of 3.37 and a beta of 0.66. NetEase, Inc. has a twelve month low of $75.85 and a twelve month high of $123.56.

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

NetEase Announces Dividend

The firm also recently disclosed 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. This represents a $1.74 annualized dividend and a yield of 1.44%. The ex-dividend date was Thursday, March 6th. NetEase's dividend payout ratio (DPR) is presently 38.85%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on NTES shares. Benchmark upped 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. 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 target for the company. Barclays lifted their price target on NetEase from $104.00 to $118.00 and gave the stock an "equal weight" rating in a research report on Friday, May 16th. Morgan Stanley raised their target price on NetEase from $108.00 to $117.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 12th. Finally, JPMorgan Chase & Co. upped their price objective on shares of NetEase from $120.00 to $135.00 and gave the stock an "overweight" rating in a research note on Monday. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, NetEase presently has a consensus rating of "Moderate Buy" and a consensus price target 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.