6 days Ago By ABMN Staff
Mariner LLC lifted its stake in shares of NetEase, Inc. ( NASDAQ:NTES – Free Report ) by 13.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC.
The fund owned 8,569 shares of the technology company’s stock after purchasing an additional 998 shares during the period. Mariner LLC’s holdings in NetEase were worth $764,000 as of its most recent filing with the SEC. Several other large investors have also modified their holdings of the stock.
UMB Bank n.a. lifted its holdings in NetEase by 33.
3% in the fourth quarter. UMB Bank n.a.
now owns 444 shares of the technology company’s stock worth $40,000 after acquiring an additional 111 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its stake in shares of NetEase by 1.
6% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 7,190 shares of the technology company’s stock valued at $641,000 after acquiring an additional 114 shares during the period.
Brighton Jones LLC increased its stake in shares of NetEase by 1.1% during the fourth quarter. Brighton Jones LLC now owns 10,297 shares of the technology company’s stock valued at $919,000 after acquiring an additional 117 shares during the period.
Farther Finance Advisors LLC grew its position in NetEase by 81.7% in the fourth quarter. Farther Finance Advisors LLC now owns 338 shares of the technology company’s stock worth $30,000 after buying an additional 152 shares during the last quarter.
Finally, State Street Corp increased its holdings in shares of NetEase by 0.3% in the third quarter. State Street Corp now owns 56,729 shares of the technology company’s stock valued at $5,305,000 after buying an additional 156 shares in the last quarter.
Institutional investors own 11.07% of the company’s stock. NetEase Stock Down 0.
6 % NTES opened at $105.22 on Tuesday. The firm has a market capitalization of $67.
57 billion, a P/E ratio of 16.52, a price-to-earnings-growth ratio of 3.37 and a beta of 0.
65. The stock’s 50 day moving average price is $100.45 and its two-hundred day moving average price is $94.
59. NetEase, Inc. has a 12-month low of $75.
85 and a 12-month high of $110.15. NetEase Announces Dividend The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th.
Stockholders of record on Thursday, March 6th were issued a $0.435 dividend. This represents a $1.
74 annualized dividend and a dividend yield of 1.65%. The ex-dividend date of this dividend was Thursday, March 6th.
NetEase’s payout ratio is 76.45%. Analyst Upgrades and Downgrades A number of brokerages have recently issued reports on NTES.
Barclays boosted their target price on NetEase from $82.00 to $104.00 and gave the stock an “equal weight” rating in a research report on Monday, February 24th.
Benchmark upped their price target on NetEase from $105.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, February 21st.
Morgan Stanley upped their price target on NetEase from $108.00 to $117.00 and gave the company an “overweight” rating in a research report on Wednesday, February 12th.
Finally, Bank of America upped their price target on NetEase from $120.00 to $122.00 and gave the company a “buy” rating in a research report on Wednesday, January 15th.
One research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, NetEase has an average rating of “Moderate Buy” and an average price target of $112.
67. Read Our Latest Research Report on NetEase NetEase Company Profile ( Free Report ) 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.
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