NetEase, Inc. (NASDAQ:NTES) Holdings Raised by Jones Financial Companies Lllp

Jones Financial Companies Lllp increased its stake in NetEase, Inc. (NASDAQ:NTES) by 58.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,853 shares of the technology company’s stock after purchasing an additional 1,420 shares during the quarter. Jones Financial Companies Lllp’s holdings in NetEase were worth $344,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. US Bancorp DE lifted its stake in shares of NetEase by 14.4% in the 4th quarter. US Bancorp DE now owns 7,291 shares of the technology company’s stock worth $650,000 after acquiring an additional 918 shares during the period. SVB Wealth LLC acquired a new stake in NetEase in the fourth quarter worth approximately $3,817,000. Todd Asset Management LLC boosted its stake in NetEase by 1.5% during the 4th quarter. Todd Asset Management LLC now owns 319,654 shares of the technology company’s stock valued at $28,516,000 after purchasing an additional 4,711 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new position in shares of NetEase during the 4th quarter valued at $974,000. Finally, Infini Capital Management Ltd bought a new stake in shares of NetEase in the 4th quarter worth $7,315,000. Institutional investors own 11.07% of the company’s stock.

NetEase Stock Performance

Shares of NASDAQ:NTES opened at $104.42 on Wednesday. The firm has a 50 day simple moving average of $99.98 and a 200 day simple moving average of $90.81. NetEase, Inc. has a 52 week low of $75.85 and a 52 week high of $111.12. The company has a market cap of $67.05 billion, a PE ratio of 16.39, a price-to-earnings-growth ratio of 3.37 and a beta of 0.61.

NetEase (NASDAQ:NTES) last released its earnings results on Thursday, February 20th. The technology company reported $1.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.73 by $0.14. The company had revenue of $3.66 billion during 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, equities analysts predict that NetEase, Inc. will post 6.91 earnings per share for the current year.

NetEase Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be paid a dividend of $0.435 per share. The ex-dividend date is Thursday, March 6th. This represents a $1.74 annualized dividend and a yield of 1.67%. NetEase’s dividend payout ratio (DPR) is presently 76.45%.

Wall Street Analyst Weigh In

NTES has been the topic of a number of research analyst reports. Bank of America lifted their target price on NetEase from $120.00 to $122.00 and gave the stock a “buy” rating in a report on Wednesday, January 15th. Barclays lifted their price objective on shares of NetEase from $82.00 to $104.00 and gave the stock an “equal weight” rating in a research note on Monday, February 24th. Citigroup increased their target price on shares of NetEase from $108.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Benchmark lifted their price target on shares of NetEase from $105.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Finally, Morgan Stanley increased 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. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $114.57.

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.