AdvisorShares Investments LLC Has $352,000 Position in NetEase, Inc. (NASDAQ:NTES)

AdvisorShares Investments LLC reduced its holdings in NetEase, Inc. (NASDAQ:NTESFree Report) by 5.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,780 shares of the technology company’s stock after selling 230 shares during the period. AdvisorShares Investments LLC’s holdings in NetEase were worth $352,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. Tairen Capital Ltd acquired a new position in NetEase in the fourth quarter valued at approximately $164,307,000. WT Asset Management Ltd raised its holdings in NetEase by 381.1% in the fourth quarter. WT Asset Management Ltd now owns 996,686 shares of the technology company’s stock worth $92,851,000 after purchasing an additional 789,499 shares during the period. Assenagon Asset Management S.A. raised its holdings in NetEase by 451.3% in the fourth quarter. Assenagon Asset Management S.A. now owns 511,454 shares of the technology company’s stock worth $47,647,000 after purchasing an additional 418,677 shares during the period. American Century Companies Inc. raised its holdings in NetEase by 14.8% in the third quarter. American Century Companies Inc. now owns 390,322 shares of the technology company’s stock worth $39,095,000 after purchasing an additional 50,461 shares during the period. Finally, National Bank of Canada FI raised its holdings in NetEase by 6,493.3% in the fourth quarter. National Bank of Canada FI now owns 321,884 shares of the technology company’s stock worth $29,764,000 after purchasing an additional 317,002 shares during the period. 11.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NTES has been the topic of several analyst reports. HSBC cut their target price on shares of NetEase from $130.00 to $126.00 and set a “buy” rating on the stock in a report on Wednesday, April 24th. Benchmark increased their price objective on shares of NetEase from $144.00 to $145.00 and gave the stock a “buy” rating in a research report on Friday, May 24th. StockNews.com downgraded shares of NetEase from a “strong-buy” rating to a “buy” rating in a research report on Thursday, May 16th. Finally, Morgan Stanley reissued an “equal weight” rating and set a $100.00 price objective (down previously from $120.00) on shares of NetEase in a research report on Thursday, May 23rd. One analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $125.71.

Get Our Latest Stock Analysis on NetEase

NetEase Price Performance

NetEase stock remained flat at $93.90 during mid-day trading on Friday. 1,568,121 shares of the company were exchanged, compared to its average volume of 1,767,298. The stock has a market cap of $60.30 billion, a P/E ratio of 14.56, a price-to-earnings-growth ratio of 1.83 and a beta of 0.52. NetEase, Inc. has a 1-year low of $81.30 and a 1-year high of $118.89. The firm’s 50 day simple moving average is $95.68 and its 200 day simple moving average is $100.28.

NetEase (NASDAQ:NTESGet Free Report) last released its earnings results on Thursday, May 23rd. The technology company reported $1.63 earnings per share for the quarter, missing analysts’ consensus estimates of $1.68 by ($0.05). The business had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.61 billion. NetEase had a net margin of 28.75% and a return on equity of 24.19%. As a group, analysts predict that NetEase, Inc. will post 6.86 earnings per share for the current fiscal year.

NetEase Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Thursday, June 6th will be given a $0.495 dividend. This represents a $1.98 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date of this dividend is Thursday, June 6th. NetEase’s dividend payout ratio (DPR) is presently 66.82%.

NetEase Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for NetEase (NASDAQ:NTES)

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