Jupiter Asset Management Ltd. raised its stake in shares of NetEase Inc (NASDAQ:NTES) by 1.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 118,470 shares of the technology company’s stock after acquiring an additional 2,162 shares during the period. Jupiter Asset Management Ltd.’s holdings in NetEase were worth $26,722,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Tower Research Capital LLC TRC bought a new position in NetEase during the 2nd quarter valued at $108,000. Northwestern Mutual Wealth Management Co. lifted its stake in NetEase by 96.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 462 shares of the technology company’s stock valued at $117,000 after acquiring an additional 227 shares in the last quarter. Cornerstone Wealth Management LLC lifted its stake in NetEase by 286.3% during the 3rd quarter. Cornerstone Wealth Management LLC now owns 41,639 shares of the technology company’s stock valued at $151,000 after acquiring an additional 30,861 shares in the last quarter. Flagship Harbor Advisors LLC bought a new position in NetEase during the 2nd quarter valued at $167,000. Finally, Guinness Asset Management Ltd lifted its stake in NetEase by 59.1% during the 3rd quarter. Guinness Asset Management Ltd now owns 861 shares of the technology company’s stock valued at $196,000 after acquiring an additional 320 shares in the last quarter. Institutional investors and hedge funds own 43.64% of the company’s stock.
Several brokerages have weighed in on NTES. Zacks Investment Research cut NetEase from a “hold” rating to a “sell” rating in a research note on Friday. Nomura lifted their target price on NetEase from $265.00 to $267.00 and gave the stock a “buy” rating in a research note on Friday. Barclays set a $270.00 target price on NetEase and gave the stock a “hold” rating in a research note on Friday. Benchmark lowered their target price on NetEase from $320.00 to $295.00 and set a “buy” rating on the stock in a research note on Thursday. Finally, BidaskClub upgraded NetEase from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, November 7th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. NetEase has a consensus rating of “Buy” and a consensus price target of $303.70.
NetEase (NASDAQ:NTES) last released its earnings results on Wednesday, November 14th. The technology company reported $1.80 EPS for the quarter, missing the Zacks’ consensus estimate of $2.10 by ($0.30). The business had revenue of $2.45 billion for the quarter, compared to the consensus estimate of $2.42 billion. NetEase had a return on equity of 12.66% and a net margin of 9.22%. The company’s revenue for the quarter was up 30.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.43 earnings per share. On average, research analysts predict that NetEase Inc will post 7.29 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 7th. Investors of record on Friday, November 30th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 0.77%. The ex-dividend date of this dividend is Thursday, November 29th. NetEase’s dividend payout ratio (DPR) is currently 19.58%.
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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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