Gladstone Institutional Advisory LLC Takes Position in NetEase, Inc. (NASDAQ:NTES)

Gladstone Institutional Advisory LLC bought a new stake in NetEase, Inc. (NASDAQ:NTES) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 5,894 shares of the technology company’s stock, valued at approximately $549,000.

A number of other institutional investors also recently modified their holdings of the company. Private Trust Co. NA increased its holdings in shares of NetEase by 418.9% in the fourth quarter. Private Trust Co. NA now owns 275 shares of the technology company’s stock valued at $26,000 after purchasing an additional 222 shares in the last quarter. Chilton Capital Management LLC acquired a new stake in shares of NetEase in the fourth quarter valued at approximately $37,000. USA Financial Formulas increased its holdings in shares of NetEase by 1,153.1% in the fourth quarter. USA Financial Formulas now owns 401 shares of the technology company’s stock valued at $37,000 after purchasing an additional 369 shares in the last quarter. Headlands Technologies LLC acquired a new stake in NetEase during the 3rd quarter worth $56,000. Finally, CVA Family Office LLC acquired a new stake in NetEase during the 4th quarter worth $65,000. Institutional investors own 11.07% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on NTES. HSBC lowered their target price on shares of NetEase from $130.00 to $126.00 and set a “buy” rating for the company in a report on Wednesday, April 24th. StockNews.com lowered shares of NetEase from a “strong-buy” rating to a “buy” rating in a report on Thursday, May 16th. Finally, Morgan Stanley lowered their target price on shares of NetEase from $135.00 to $120.00 and set an “overweight” rating for the company in a report on Friday, April 12th. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $126.00.

NetEase Stock Down 0.5 %

Shares of NTES stock opened at $98.36 on Thursday. NetEase, Inc. has a 12-month low of $80.79 and a 12-month high of $118.89. The firm has a market capitalization of $63.41 billion, a price-to-earnings ratio of 15.54, a price-to-earnings-growth ratio of 0.90 and a beta of 0.58. The firm has a fifty day moving average of $99.05 and a 200-day moving average of $102.10.

NetEase (NASDAQ:NTES) last announced its quarterly earnings results on Thursday, February 29th. The technology company reported $1.42 earnings per share (EPS) 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 firm had revenue of $3.82 billion during the quarter, compared to analyst estimates of $3.96 billion. Research analysts expect that NetEase, Inc. will post 7.07 earnings per share for the current year.

NetEase Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were given a $1.08 dividend. This is a boost from NetEase’s previous quarterly dividend of $0.50. This represents a $4.32 annualized dividend and a yield of 4.39%. The ex-dividend date was Wednesday, March 13th. NetEase’s payout ratio is currently 68.09%.

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.