Aurora Investment Counsel boosted its stake in shares of NetEase Inc (NASDAQ:NTES) by 7.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 12,967 shares of the technology company’s stock after buying an additional 856 shares during the period. NetEase makes up approximately 1.7% of Aurora Investment Counsel’s holdings, making the stock its largest holding. Aurora Investment Counsel’s holdings in NetEase were worth $3,052,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. QS Investors LLC raised its holdings in NetEase by 7.1% during the 4th quarter. QS Investors LLC now owns 750 shares of the technology company’s stock valued at $177,000 after buying an additional 50 shares during the period. BerganKDV Wealth Management LLC raised its holdings in NetEase by 1.4% during the 4th quarter. BerganKDV Wealth Management LLC now owns 4,037 shares of the technology company’s stock valued at $950,000 after buying an additional 57 shares during the period. Highstreet Asset Management Inc. raised its holdings in NetEase by 4.5% during the 4th quarter. Highstreet Asset Management Inc. now owns 1,616 shares of the technology company’s stock valued at $380,000 after buying an additional 70 shares during the period. Comerica Bank raised its holdings in NetEase by 1.0% during the 4th quarter. Comerica Bank now owns 7,689 shares of the technology company’s stock valued at $1,831,000 after buying an additional 76 shares during the period. Finally, Lindbrook Capital LLC purchased a new stake in NetEase during the 4th quarter valued at $31,000. Institutional investors own 45.25% of the company’s stock.

NTES stock opened at $235.24 on Thursday. NetEase Inc has a twelve month low of $184.60 and a twelve month high of $289.44. The firm has a market capitalization of $30.91 billion, a price-to-earnings ratio of 34.24, a price-to-earnings-growth ratio of 21.58 and a beta of 0.74.

NetEase (NASDAQ:NTES) last released its earnings results on Wednesday, February 20th. The technology company reported $1.92 earnings per share for the quarter, topping analysts’ consensus estimates of $1.51 by $0.41. NetEase had a return on equity of 13.60% and a net margin of 9.12%. The business had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.91 billion. During the same quarter last year, the firm posted $2.18 earnings per share. As a group, sell-side analysts expect that NetEase Inc will post 7.74 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 8th were paid a $0.48 dividend. This is a positive change from NetEase’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $1.92 dividend on an annualized basis and a yield of 0.82%. NetEase’s dividend payout ratio (DPR) is presently 27.80%.

Several analysts recently weighed in on NTES shares. Morgan Stanley upgraded NetEase from an “equal weight” rating to an “overweight” rating and set a $300.00 price target on the stock in a report on Thursday, December 6th. UBS Group upgraded NetEase from a “neutral” rating to a “buy” rating in a research note on Wednesday, December 19th. ValuEngine lowered NetEase from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, January 2nd. BidaskClub lowered NetEase from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, January 2nd. Finally, Macquarie upgraded NetEase from a “neutral” rating to an “outperform” rating in a research note on Friday, January 4th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $271.39.

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About NetEase

NetEase, Inc operates an interactive online community in the People's Republic of China. The company operates through Online Game Services; E-Commerce; Advertising Services; and Email and Others segments. It offers various games in a range of genres through mobile devices and PCs, including role playing games, MMORPGs, battle arena games, simulation games, collectible card games, first-person shooter games, sandbox games, and other types of games to the Chinese market.

Further Reading: Percentage Gainers

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Institutional Ownership by Quarter for NetEase (NASDAQ:NTES)

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