Financial Advocates Investment Management purchased a new stake in shares of NetEase Inc (NASDAQ:NTES) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 735 shares of the technology company’s stock, valued at approximately $254,000.
Other hedge funds also recently bought and sold shares of the company. Sensato Investors LLC acquired a new position in shares of NetEase during the 4th quarter worth approximately $7,212,000. Cornerstone Capital Management Holdings LLC. raised its position in shares of NetEase by 69.5% during the 4th quarter. Cornerstone Capital Management Holdings LLC. now owns 3,300,425 shares of the technology company’s stock worth $1,138,877,000 after purchasing an additional 1,352,700 shares during the last quarter. OLD Mission Capital LLC raised its position in shares of NetEase by 51.3% during the 4th quarter. OLD Mission Capital LLC now owns 7,404 shares of the technology company’s stock worth $2,555,000 after purchasing an additional 2,509 shares during the last quarter. Two Sigma Advisers LP raised its position in shares of NetEase by 2.2% during the 4th quarter. Two Sigma Advisers LP now owns 28,400 shares of the technology company’s stock worth $9,800,000 after purchasing an additional 600 shares during the last quarter. Finally, Stone Ridge Asset Management LLC acquired a new position in shares of NetEase during the 4th quarter worth approximately $311,000. Institutional investors own 51.27% of the company’s stock.
Several research analysts recently issued reports on the company. BidaskClub upgraded NetEase from a “sell” rating to a “hold” rating in a research report on Saturday, March 17th. Zacks Investment Research upgraded NetEase from a “sell” rating to a “hold” rating in a research report on Thursday, March 8th. Sanford C. Bernstein set a $285.00 price objective on NetEase and gave the stock a “sell” rating in a research report on Tuesday, February 27th. CLSA upgraded NetEase from a “sell” rating to an “underperform” rating in a research report on Thursday, February 8th. Finally, Benchmark lifted their price objective on NetEase to $355.00 and gave the stock a “buy” rating in a research report on Tuesday, February 6th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $344.87.
NetEase (NASDAQ:NTES) last issued its quarterly earnings results on Wednesday, February 7th. The technology company reported $1.49 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.52 by ($0.03). The business had revenue of $2.25 billion during the quarter, compared to analyst estimates of $2.27 billion. NetEase had a net margin of 19.64% and a return on equity of 24.93%. research analysts expect that NetEase Inc will post 13.44 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 2nd. Shareholders of record on Friday, February 23rd were issued a $0.38 dividend. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $1.52 annualized dividend and a yield of 0.48%. NetEase’s dividend payout ratio (DPR) is presently 25.10%.
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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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