Edmond DE Rothschild Holding S.A. raised its stake in shares of NetEase, Inc. (NASDAQ:NTES) by 8.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 241,235 shares of the technology company’s stock after purchasing an additional 18,230 shares during the period. Edmond DE Rothschild Holding S.A.’s holdings in NetEase were worth $27,802,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently bought and sold shares of NTES. Cederberg Capital Ltd purchased a new position in NetEase during the first quarter valued at $125,923,000. Capital International Investors lifted its holdings in NetEase by 1,648.6% during the first quarter. Capital International Investors now owns 1,177,517 shares of the technology company’s stock valued at $121,506,000 after purchasing an additional 1,110,177 shares in the last quarter. BlackRock Inc. lifted its holdings in NetEase by 4.7% during the second quarter. BlackRock Inc. now owns 24,527,858 shares of the technology company’s stock valued at $2,826,836,000 after purchasing an additional 1,096,916 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in NetEase by 2,229.4% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 465,872 shares of the technology company’s stock valued at $48,106,000 after purchasing an additional 445,872 shares in the last quarter. Finally, Millennium Management LLC lifted its holdings in NetEase by 506.8% during the first quarter. Millennium Management LLC now owns 288,858 shares of the technology company’s stock valued at $29,827,000 after purchasing an additional 359,858 shares in the last quarter. 33.20% of the stock is currently owned by institutional investors and hedge funds.
NTES has been the subject of a number of recent research reports. HSBC reduced their target price on shares of NetEase from $137.00 to $125.00 and set a “buy” rating for the company in a research report on Wednesday, September 1st. Citigroup reduced their target price on shares of NetEase from $148.00 to $132.00 and set a “buy” rating for the company in a research report on Wednesday, July 28th. Finally, Zacks Investment Research cut shares of NetEase from a “hold” rating to a “sell” rating in a research report on Friday, September 3rd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $129.63.
NetEase (NASDAQ:NTES) last released its quarterly earnings data on Monday, August 30th. The technology company reported $6.24 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $5.46. NetEase had a net margin of 15.03% and a return on equity of 13.91%. The firm had revenue of $20.52 billion during the quarter, compared to analysts’ expectations of $20.66 billion. During the same period last year, the business earned $34.58 earnings per share. NetEase’s revenue was up 12.9% compared to the same quarter last year. Research analysts anticipate that NetEase, Inc. will post 3.39 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 30th. Investors of record on Tuesday, September 14th will be given a dividend of $0.24 per share. This is a boost from NetEase’s previous quarterly dividend of $0.06. This represents a $0.96 annualized dividend and a yield of 1.20%. The ex-dividend date is Monday, September 13th. NetEase’s dividend payout ratio (DPR) is presently 34.42%.
NetEase Company Profile
NetEase, Inc is an internet technology company, which premium online services centered around content, community, communication and commerce. It develops and operates some of the most popular PC-client and mobile games in China. The firm also operates some of the most popular international online games in China by partnering with Blizzard Entertainment, Mojang AB (a Microsoft subsidiary) and other global game developers.
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