United Services Automobile Association lifted its stake in shares of NetEase Inc (NASDAQ:NTES) by 4.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 74,059 shares of the technology company’s stock after acquiring an additional 3,194 shares during the quarter. United Services Automobile Association owned 0.06% of NetEase worth $16,904,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of NTES. Tower Research Capital LLC TRC purchased a new position in shares of NetEase during the second quarter worth about $108,000. Northwestern Mutual Wealth Management Co. boosted its stake in shares of NetEase by 96.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 462 shares of the technology company’s stock worth $117,000 after buying an additional 227 shares during the period. Cornerstone Wealth Management LLC boosted its stake in shares of NetEase by 286.3% during the third quarter. Cornerstone Wealth Management LLC now owns 41,639 shares of the technology company’s stock worth $151,000 after buying an additional 30,861 shares during the period. Flagship Harbor Advisors LLC acquired a new stake in shares of NetEase during the second quarter worth about $167,000. Finally, Guinness Asset Management Ltd boosted its stake in shares of NetEase by 59.1% during the third quarter. Guinness Asset Management Ltd now owns 861 shares of the technology company’s stock worth $196,000 after buying an additional 320 shares during the period. 45.40% of the stock is currently owned by institutional investors and hedge funds.

NTES stock opened at $229.43 on Thursday. NetEase Inc has a 12-month low of $184.60 and a 12-month high of $377.64. The company has a market cap of $30.13 billion, a PE ratio of 18.49, a P/E/G ratio of 1.51 and a beta of 0.97.

NetEase (NASDAQ:NTES) last issued its quarterly earnings data on Wednesday, November 14th. The technology company reported $1.80 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.10 by ($0.30). NetEase had a return on equity of 12.66% and a net margin of 9.22%. The business had revenue of $2.45 billion for the quarter, compared to analysts’ expectations of $2.42 billion. During the same period last year, the business earned $3.43 earnings per share. The company’s revenue for the quarter was up 30.9% on a year-over-year basis. Sell-side analysts anticipate that NetEase Inc will post 7.22 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 7th. Stockholders of record on Friday, November 30th will be paid a dividend of $0.45 per share. The ex-dividend date is Thursday, November 29th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.78%. NetEase’s dividend payout ratio (DPR) is 14.42%.

Several brokerages have recently weighed in on NTES. BidaskClub upgraded shares of NetEase from a “hold” rating to a “buy” rating in a research note on Tuesday, October 2nd. Nomura increased their target price on shares of NetEase from $265.00 to $267.00 and gave the stock a “buy” rating in a research note on Friday, November 16th. Barclays set a $270.00 target price on shares of NetEase and gave the stock a “hold” rating in a research note on Friday, November 16th. Zacks Investment Research downgraded shares of NetEase from a “hold” rating to a “sell” rating in a research note on Friday, November 16th. Finally, Morgan Stanley upgraded shares of NetEase from an “equal weight” rating to a “buy” rating and set a $300.00 target price for the company in a research note on Thursday. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $298.27.

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NetEase Company Profile

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.

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Institutional Ownership by Quarter for NetEase (NASDAQ:NTES)

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