Bp Plc purchased a new stake in shares of NetEase Inc (NASDAQ:NTES) during the first quarter, according to its most recent filing with the SEC. The institutional investor purchased 57,689 shares of the technology company’s stock, valued at approximately $16,384,000.
Other hedge funds also recently bought and sold shares of the company. American International Group Inc. increased its position in shares of NetEase by 0.3% in the third quarter. American International Group Inc. now owns 4,396 shares of the technology company’s stock worth $1,058,000 after buying an additional 13 shares during the period. HBK Sorce Advisory LLC increased its position in shares of NetEase by 1.4% in the third quarter. HBK Sorce Advisory LLC now owns 1,216 shares of the technology company’s stock worth $293,000 after buying an additional 17 shares during the period. Norinchukin Bank The increased its position in shares of NetEase by 0.9% in the first quarter. Norinchukin Bank The now owns 2,468 shares of the technology company’s stock worth $701,000 after buying an additional 22 shares during the period. Wetherby Asset Management Inc. increased its position in shares of NetEase by 2.9% in the fourth quarter. Wetherby Asset Management Inc. now owns 1,003 shares of the technology company’s stock worth $216,000 after buying an additional 28 shares during the period. Finally, Suntrust Banks Inc. increased its position in shares of NetEase by 2.6% in the first quarter. Suntrust Banks Inc. now owns 1,512 shares of the technology company’s stock worth $429,000 after buying an additional 39 shares during the period. 56.72% of the stock is owned by hedge funds and other institutional investors.
Shares of NetEase Inc (NASDAQ:NTES) traded up 1.42% during midday trading on Friday, hitting $286.75. 1,335,199 shares of the stock were exchanged. NetEase Inc has a 12 month low of $161.00 and a 12 month high of $308.66. The company has a market cap of $37.71 billion, a PE ratio of 20.01 and a beta of 0.70. The stock has a 50 day moving average price of $272.69 and a 200-day moving average price of $257.27.
NetEase (NASDAQ:NTES) last announced its quarterly earnings data on Wednesday, February 15th. The technology company reported $4.01 earnings per share for the quarter, beating the Zacks’ consensus estimate of $3.63 by $0.38. NetEase had a net margin of 29.68% and a return on equity of 32.17%. The business had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.55 billion. On average, analysts predict that NetEase Inc will post $15.23 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 2nd. Stockholders of record on Friday, May 26th will be issued a $1.08 dividend. The ex-dividend date of this dividend is Wednesday, May 24th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 1.53%. NetEase’s payout ratio is 25.15%.
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A number of equities analysts recently commented on the stock. Vetr raised shares of NetEase from a “hold” rating to a “buy” rating and set a $303.74 price objective for the company in a research note on Wednesday, March 8th. Zacks Investment Research raised shares of NetEase from a “hold” rating to a “buy” rating and set a $288.00 price objective for the company in a research note on Tuesday, February 14th. Mizuho raised shares of NetEase from an “underperform” rating to a “neutral” rating in a research note on Thursday, February 16th. Standpoint Research reissued a “buy” rating and issued a $340.00 price objective (up previously from $295.00) on shares of NetEase in a research note on Thursday, February 23rd. Finally, Jefferies Group LLC boosted their price objective on shares of NetEase from $261.00 to $300.00 and gave the stock a “buy” rating in a research note on Thursday, February 16th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $290.32.
NetEase Company Profile
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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