Capital Asset Advisory Services LLC bought a new position in NetEase, Inc. (NASDAQ:NTES) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 1,372 shares of the technology company’s stock, valued at approximately $131,000.
A number of other hedge funds also recently modified their holdings of NTES. BlackRock Inc. grew its stake in NetEase by 397.5% in the 4th quarter. BlackRock Inc. now owns 22,480,592 shares of the technology company’s stock worth $2,152,967,000 after acquiring an additional 17,962,203 shares in the last quarter. UBS Asset Management Americas Inc. boosted its stake in shares of NetEase by 371.6% during the fourth quarter. UBS Asset Management Americas Inc. now owns 13,955,280 shares of the technology company’s stock valued at $1,336,497,000 after purchasing an additional 10,995,841 shares in the last quarter. Baillie Gifford & Co. boosted its stake in shares of NetEase by 405.7% during the fourth quarter. Baillie Gifford & Co. now owns 9,001,333 shares of the technology company’s stock valued at $862,057,000 after purchasing an additional 7,221,205 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of NetEase by 159.3% during the fourth quarter. JPMorgan Chase & Co. now owns 6,521,186 shares of the technology company’s stock valued at $624,535,000 after purchasing an additional 4,006,464 shares in the last quarter. Finally, Ninety One UK Ltd boosted its stake in shares of NetEase by 372.0% during the fourth quarter. Ninety One UK Ltd now owns 4,106,988 shares of the technology company’s stock valued at $393,326,000 after purchasing an additional 3,236,820 shares in the last quarter.
A number of equities analysts have recently issued reports on the stock. Industrial Alliance Securities assumed coverage on shares of NetEase in a research note on Thursday, December 31st. They set an “outperform” rating on the stock. Zacks Investment Research upgraded shares of NetEase from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 16th. Finally, Barclays increased their price objective on shares of NetEase from $110.00 to $155.00 and gave the company an “overweight” rating in a research note on Tuesday, February 16th. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $105.98.
NetEase (NASDAQ:NTES) last posted its quarterly earnings results on Thursday, February 25th. The technology company reported $0.22 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.27 by ($0.05). The company had revenue of $3.03 billion during the quarter, compared to analysts’ expectations of $2.96 billion. NetEase had a return on equity of 19.03% and a net margin of 20.47%. As a group, research analysts anticipate that NetEase, Inc. will post 2.87 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, March 26th. Shareholders of record on Friday, March 12th were issued a $0.06 dividend. The ex-dividend date of this dividend was Thursday, March 11th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.23%. NetEase’s dividend payout ratio is currently 7.85%.
NetEase Company Profile
NetEase, Inc, an Internet technology company, provides online services focusing on content, community, communication, and commerce in the Peoples' Republic of China and internationally. The company operates in three segments: Online Games Services, Youdao, and Innovative Businesses and Others. It develops and operates PC-client and mobile games, as well as offers games licensed from other game developers.
Further Reading: Bull Market
Want to see what other hedge funds are holding NTES? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NetEase, Inc. (NASDAQ:NTES).
Receive News & Ratings for NetEase Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NetEase and related companies with MarketBeat.com's FREE daily email newsletter.