Schonfeld Strategic Advisors LLC trimmed its position in shares of NetEase, Inc. (NASDAQ:NTES - Free Report) by 85.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,500 shares of the technology company's stock after selling 85,500 shares during the quarter. Schonfeld Strategic Advisors LLC's holdings in NetEase were worth $1,294,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Farther Finance Advisors LLC raised its stake 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 valued at $30,000 after acquiring an additional 152 shares in the last quarter. Brooklyn Investment Group acquired a new stake in NetEase in the 4th quarter valued at about $34,000. UMB Bank n.a. boosted its stake in shares of NetEase by 33.3% in 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 during the period. Live Oak Investment Partners acquired a new position in shares of NetEase during the fourth quarter worth about $62,000. Finally, Avior Wealth Management LLC increased its stake 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 buying an additional 594 shares during the period. 11.07% of the stock is owned by institutional investors and hedge funds.
NetEase Price Performance
NASDAQ NTES opened at $106.50 on Thursday. The company has a fifty day moving average of $101.45 and a two-hundred day moving average of $95.66. NetEase, Inc. has a 1 year low of $75.85 and a 1 year high of $110.66. The company has a market capitalization of $67.48 billion, a PE ratio of 16.72, a P/E/G ratio of 3.37 and a beta of 0.66.
NetEase (NASDAQ:NTES - Get Free Report) last released its quarterly earnings results 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. NetEase had a return on equity of 22.12% and a net margin of 28.17%. The firm had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $27.16 billion. On average, research analysts expect that NetEase, Inc. will post 6.91 earnings per share for the current year.
NetEase Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were paid 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 of this dividend was Thursday, March 6th. NetEase's dividend payout ratio is currently 76.45%.
Analyst Ratings Changes
A number of brokerages recently issued reports on NTES. Bank of America lifted their price target on shares of NetEase from $120.00 to $122.00 and gave the stock a "buy" rating in a research note on Wednesday, January 15th. Morgan Stanley boosted their target price on shares of NetEase from $108.00 to $117.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 12th. Barclays raised their price target on NetEase from $82.00 to $104.00 and gave the company an "equal weight" rating in a research note on Monday, February 24th. Finally, Benchmark upped their price objective on NetEase from $105.00 to $115.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $112.67.
Check Out Our Latest Analysis on NetEase
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.
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