55,847 Shares in NetEase, Inc. (NASDAQ:NTES) Bought by Trexquant Investment LP

Trexquant Investment LP purchased a new stake in shares of NetEase, Inc. (NASDAQ:NTES) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 55,847 shares of the technology company’s stock, valued at approximately $5,203,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Gladstone Institutional Advisory LLC purchased a new stake in NetEase during the 4th quarter worth $549,000. Independent Advisor Alliance purchased a new position in NetEase in the 4th quarter worth approximately $1,902,000. Navellier & Associates Inc. acquired a new stake in NetEase in the fourth quarter valued at approximately $1,511,000. Panagora Asset Management Inc. raised its stake in shares of NetEase by 4.7% during the fourth quarter. Panagora Asset Management Inc. now owns 12,771 shares of the technology company’s stock valued at $1,190,000 after purchasing an additional 570 shares during the period. Finally, Quadrant Capital Group LLC boosted its stake in shares of NetEase by 23.2% in the fourth quarter. Quadrant Capital Group LLC now owns 5,562 shares of the technology company’s stock valued at $518,000 after purchasing an additional 1,046 shares during the period. 11.07% of the stock is currently owned by institutional investors and hedge funds.

NetEase Price Performance

NetEase stock opened at $98.36 on Thursday. The firm has a market cap of $63.41 billion, a price-to-earnings ratio of 15.54, a P/E/G ratio of 0.90 and a beta of 0.58. The firm has a fifty day moving average price of $99.05 and a two-hundred day moving average price of $102.10. NetEase, Inc. has a fifty-two week low of $80.79 and a fifty-two week high of $118.89.

NetEase (NASDAQ:NTES) last posted its quarterly earnings data on Thursday, February 29th. The technology company reported $1.42 earnings per share for the quarter, missing the consensus estimate of $1.62 by ($0.20). NetEase had a net margin of 28.39% and a return on equity of 24.36%. The business had revenue of $3.82 billion during the quarter, compared to the consensus estimate of $3.96 billion. As a group, sell-side analysts expect that NetEase, Inc. will post 7.07 earnings per share for the current year.

NetEase Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were paid a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a dividend yield of 4.39%. This is a positive change from NetEase’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Wednesday, March 13th. NetEase’s dividend payout ratio is presently 68.09%.

Analyst Ratings Changes

Several analysts have weighed in on the stock. StockNews.com lowered shares of NetEase from a “strong-buy” rating to a “buy” rating in a research note on Thursday, May 16th. HSBC lowered their price target on shares of NetEase from $130.00 to $126.00 and set a “buy” rating for the company in a research report on Wednesday, April 24th. Finally, Morgan Stanley restated an “equal weight” rating and issued a $100.00 price target (down previously from $120.00) on shares of NetEase in a research note on Thursday. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $123.50.

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.