Empowered Funds LLC Purchases New Shares in NetEase, Inc. (NASDAQ:NTES)

Empowered Funds LLC purchased a new stake in NetEase, Inc. (NASDAQ:NTES) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 1,954 shares of the technology company’s stock, valued at approximately $174,000.

Other institutional investors have also made changes to their positions in the company. Allspring Global Investments Holdings LLC acquired a new position in shares of NetEase during the 3rd quarter worth about $76,000. Outlook Wealth Advisors LLC grew its position in shares of NetEase by 10.3% during the 3rd quarter. Outlook Wealth Advisors LLC now owns 4,154 shares of the technology company’s stock worth $388,000 after buying an additional 388 shares during the period. Arkadios Wealth Advisors acquired a new position in shares of NetEase during the 3rd quarter worth about $297,000. Highline Wealth Partners LLC acquired a new position in shares of NetEase during the 3rd quarter worth about $45,000. Finally, Financial Advocates Investment Management grew its position in shares of NetEase by 5.4% during the 3rd quarter. Financial Advocates Investment Management now owns 4,647 shares of the technology company’s stock worth $435,000 after buying an additional 237 shares during the period. 11.07% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on NTES shares. Morgan Stanley boosted their price objective on NetEase from $108.00 to $117.00 and gave the company an “overweight” rating in a research report on Wednesday, February 12th. StockNews.com lowered NetEase from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 6th. Bank of America boosted their price objective on NetEase from $120.00 to $122.00 and gave the company a “buy” rating in a research report on Wednesday, January 15th. Benchmark boosted their price objective on NetEase from $105.00 to $115.00 and gave the company a “buy” rating in a research report on Friday. Finally, Citigroup boosted their price objective on NetEase from $108.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, November 15th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $111.43.

NetEase Stock Performance

NTES opened at $103.22 on Friday. The firm has a market cap of $66.28 billion, a P/E ratio of 16.20, a price-to-earnings-growth ratio of 3.37 and a beta of 0.58. NetEase, Inc. has a 52-week low of $75.85 and a 52-week high of $114.50. The business’s fifty day moving average is $97.77 and its 200-day moving average is $89.77.

NetEase (NASDAQ:NTES) last released its quarterly earnings data on Thursday, February 20th. The technology company reported $1.87 earnings per share for the quarter, beating the consensus estimate of $1.73 by $0.14. The business had revenue of $3.66 billion for the quarter, compared to analyst estimates of $27.16 billion. NetEase had a return on equity of 22.12% and a net margin of 28.17%. On average, research analysts predict that NetEase, Inc. will post 6.91 earnings per share for the current fiscal year.

NetEase Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Thursday, March 6th will be given a dividend of $0.435 per share. The ex-dividend date is Thursday, March 6th. This represents a $1.74 dividend on an annualized basis and a dividend yield of 1.69%. NetEase’s dividend payout ratio (DPR) is 76.61%.

NetEase Company Profile

NetEase, Inc engages in online games, music streaming, online intelligent learning services, and internet content services businesses in China and internationally . The company operates through Games and Related Value-Added Services, Youdao, Cloud Music, and Innovative Businesses and Others segments.