NewEdge Advisors LLC Increases Position in NetEase, Inc. (NASDAQ:NTES)

NewEdge Advisors LLC lifted its position in NetEase, Inc. (NASDAQ:NTES) by 14.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 3,850 shares of the technology company’s stock after purchasing an additional 481 shares during the quarter. NewEdge Advisors LLC’s holdings in NetEase were worth $343,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Farther Finance Advisors LLC increased its stake in shares of NetEase by 81.7% in the fourth quarter. Farther Finance Advisors LLC now owns 338 shares of the technology company’s stock worth $30,000 after purchasing an additional 152 shares in the last quarter. Brooklyn Investment Group purchased a new stake in shares of NetEase in the fourth quarter worth $34,000. UMB Bank n.a. increased its stake in shares of NetEase by 33.3% in the fourth quarter. UMB Bank n.a. now owns 444 shares of the technology company’s stock worth $40,000 after purchasing an additional 111 shares in the last quarter. Live Oak Investment Partners purchased a new stake in shares of NetEase in the fourth quarter worth $62,000. Finally, Avior Wealth Management LLC grew its stake in NetEase by 148.9% during the fourth quarter. Avior Wealth Management LLC now owns 993 shares of the technology company’s stock valued at $89,000 after acquiring an additional 594 shares in the last quarter. 11.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on NTES shares. Benchmark raised their target price on shares of NetEase from $105.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Barclays raised their target price on shares of NetEase from $82.00 to $104.00 and gave the company an “equal weight” rating in a research note on Monday, February 24th. Bank of America raised their target price on shares of NetEase from $120.00 to $122.00 and gave the company a “buy” rating in a research note on Wednesday, January 15th. Finally, Morgan Stanley raised their target price on shares of NetEase from $108.00 to $117.00 and gave the company an “overweight” rating in a research note on Wednesday, February 12th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $112.67.

NetEase Stock Up 1.1 %

NTES stock opened at $106.36 on Wednesday. NetEase, Inc. has a 52 week low of $75.85 and a 52 week high of $110.15. The company has a fifty day simple moving average of $100.55 and a two-hundred day simple moving average of $94.68. The firm has a market capitalization of $68.30 billion, a P/E ratio of 16.70, a price-to-earnings-growth ratio of 3.37 and a beta of 0.65.

NetEase (NASDAQ:NTES) last released its earnings results on Thursday, February 20th. The technology company reported $1.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.73 by $0.14. The firm had revenue of $3.66 billion during the quarter, compared to analyst estimates of $27.16 billion. NetEase had a net margin of 28.17% and a return on equity of 22.12%. As a group, analysts anticipate that NetEase, Inc. will post 6.91 EPS for the current year.

NetEase Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th were issued a $0.435 dividend. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $1.74 annualized dividend and a dividend yield of 1.64%. NetEase’s dividend payout ratio (DPR) is presently 76.45%.

NetEase 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.