NetEase, Inc. (NASDAQ:NTES) Position Lessened by Natixis

Natixis trimmed its holdings in shares of NetEase, Inc. (NASDAQ:NTES) by 15.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,886 shares of the technology company’s stock after selling 1,914 shares during the quarter. Natixis’ holdings in NetEase were worth $1,126,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Wellington Management Group LLP increased its position in NetEase by 226.4% during the fourth quarter. Wellington Management Group LLP now owns 1,896,495 shares of the technology company’s stock worth $176,677,000 after buying an additional 1,315,410 shares during the last quarter. Tairen Capital Ltd acquired a new position in NetEase during the fourth quarter worth $164,307,000. WT Asset Management Ltd increased its position in NetEase by 381.1% during the fourth quarter. WT Asset Management Ltd now owns 996,686 shares of the technology company’s stock worth $92,851,000 after buying an additional 789,499 shares during the last quarter. Aspex Management HK Ltd acquired a new position in NetEase during the fourth quarter worth $59,354,000. Finally, Van ECK Associates Corp increased its position in NetEase by 23.8% during the first quarter. Van ECK Associates Corp now owns 580,515 shares of the technology company’s stock worth $60,066,000 after buying an additional 111,743 shares during the last quarter. 11.07% of the stock is owned by institutional investors and hedge funds.

NetEase Trading Up 1.1 %

NTES traded up $1.02 on Thursday, hitting $95.45. 1,627,359 shares of the stock traded hands, compared to its average volume of 1,702,092. NetEase, Inc. has a 52 week low of $81.30 and a 52 week high of $118.89. The firm has a market capitalization of $61.29 billion, a PE ratio of 14.64, a P/E/G ratio of 1.86 and a beta of 0.53. The business has a fifty day moving average price of $93.55 and a two-hundred day moving average price of $98.02.

NetEase (NASDAQ:NTES) last issued its quarterly earnings results on Thursday, May 23rd. The technology company reported $1.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.68 by ($0.05). NetEase had a net margin of 28.75% and a return on equity of 24.19%. The firm had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.61 billion. On average, equities research analysts forecast that NetEase, Inc. will post 6.68 EPS for the current fiscal year.

NetEase Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 21st. Investors of record on Thursday, June 6th were paid a dividend of $0.495 per share. The ex-dividend date of this dividend was Thursday, June 6th. This represents a $1.98 annualized dividend and a yield of 2.07%. NetEase’s dividend payout ratio is 30.54%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Barclays began coverage on shares of NetEase in a research report on Thursday, June 13th. They set an “equal weight” rating and a $104.00 target price on the stock. Benchmark raised their price target on NetEase from $144.00 to $145.00 and gave the company a “buy” rating in a research report on Friday, May 24th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $100.00 price target on shares of NetEase in a research report on Friday, July 5th. StockNews.com downgraded NetEase from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 20th. Finally, HSBC lowered their price target on NetEase from $130.00 to $126.00 and set a “buy” rating on the stock in a research report on Wednesday, April 24th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $123.86.

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.