NetEase, Inc. (NTES) Stake Raised by Credit Agricole S A
Credit Agricole S A increased its position in NetEase, Inc. (NASDAQ:NTES) by 6.0% during the fourth quarter, Holdings Channel reports. The fund owned 3,686,513 shares of the company’s stock after buying an additional 208,839 shares during the period. NetEase accounts for 2.6% of Credit Agricole S A’s holdings, making the stock its largest position. Credit Agricole S A owned about 2.81% of NetEase worth $793,854,000 as of its most recent SEC filing.
A number of other institutional investors also recently made changes to their positions in NTES. Catalyst Capital Advisors LLC bought a new position in shares of NetEase during the third quarter worth approximately $110,000. Nippon Life Insurance Co. increased its position in shares of NetEase by 8.9% in the third quarter. Nippon Life Insurance Co. now owns 783 shares of the company’s stock worth $189,000 after buying an additional 64 shares during the last quarter. GRATRY & Co LLC bought a new position in shares of NetEase during the third quarter worth approximately $203,000. Roberts Glore & Co. Inc. IL bought a new position in shares of NetEase during the third quarter worth approximately $229,000. Finally, Navellier & Associates Inc bought a new position in shares of NetEase during the third quarter worth approximately $240,000. Hedge funds and other institutional investors own 56.72% of the company’s stock.
Shares of NetEase, Inc. (NASDAQ:NTES) traded up 14.08% during midday trading on Thursday, hitting $298.73. The stock had a trading volume of 3,736,196 shares. The stock has a market cap of $39.16 billion, a P/E ratio of 26.92 and a beta of 0.70. NetEase, Inc. has a 12-month low of $130.82 and a 12-month high of $299.68. The stock has a 50-day moving average price of $244.33 and a 200-day moving average price of $234.60.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 10th. Investors of record on Friday, March 3rd will be issued a $1.01 dividend. This represents a $4.04 annualized dividend and a yield of 1.35%. This is an increase from NetEase’s previous quarterly dividend of $0.78. NetEase’s dividend payout ratio (DPR) is presently 25.15%.
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A number of brokerages recently commented on NTES. Jefferies Group LLC lifted their price objective on NetEase to $300.00 in a research report on Thursday. Mizuho upgraded NetEase from an “underperform” rating to a “neutral” rating in a research report on Thursday. Vetr cut NetEase from a “buy” rating to a “sell” rating and set a $230.50 target price for the company. in a research note on Wednesday, January 11th. Zacks Investment Research cut NetEase from a “hold” rating to a “sell” rating in a research note on Thursday, January 12th. Finally, Brean Capital reissued a “buy” rating on shares of NetEase in a research note on Tuesday, December 13th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and thirteen have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $261.93.
NetEase, Inc (NetEase) is a technology company. The Company operates an interactive online community in China and is a provider of Chinese language content and services through its online games, Internet media, e-mail, e-commerce and other businesses. The Company operates through three segments: Online Game Services; Advertising Services, and E-mail, E-commerce and Others.
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