Alkeon Capital Management LLC grew its holdings in NetEase (NASDAQ:NTES) by 100.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 400,201 shares of the technology company’s stock after buying an additional 200,594 shares during the quarter. Alkeon Capital Management LLC owned about 0.30% of NetEase worth $138,097,000 at the end of the most recent quarter.
A number of other institutional investors also recently added to or reduced their stakes in NTES. Ladenburg Thalmann Financial Services Inc. lifted its stake in shares of NetEase by 117.6% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 494 shares of the technology company’s stock worth $131,000 after purchasing an additional 267 shares in the last quarter. Icon Wealth Partners LLC acquired a new position in shares of NetEase in the fourth quarter worth about $176,000. Cibc Bank USA bought a new stake in NetEase in the fourth quarter valued at about $204,000. Mariner Wealth Advisors LLC bought a new stake in NetEase in the fourth quarter valued at about $233,000. Finally, Hikari Power Ltd acquired a new position in shares of NetEase during the fourth quarter worth approximately $242,000. 51.28% of the stock is owned by institutional investors.
NTES stock traded down $5.93 during midday trading on Thursday, hitting $275.81. The company’s stock had a trading volume of 1,255,445 shares, compared to its average volume of 1,244,372. NetEase has a twelve month low of $253.20 and a twelve month high of $377.64. The firm has a market capitalization of $37,317.21, a P/E ratio of 22.22, a PEG ratio of 1.72 and a beta of 0.87.
NetEase (NASDAQ:NTES) last released its quarterly earnings data on Wednesday, February 7th. The technology company reported $1.49 earnings per share for the quarter, missing the consensus estimate of $1.52 by ($0.03). The firm had revenue of $2.25 billion for the quarter, compared to analyst estimates of $2.27 billion. NetEase had a return on equity of 24.93% and a net margin of 19.64%. equities analysts expect that NetEase will post 12.47 earnings per share for the current fiscal year.
A number of equities research analysts have recently commented on NTES shares. JPMorgan Chase started coverage on NetEase in a research report on Thursday. They set an “underweight” rating and a $240.00 price objective for the company. BidaskClub raised shares of NetEase from a “strong sell” rating to a “sell” rating in a research note on Thursday. Jefferies Group lowered their target price on shares of NetEase from $335.00 to $310.00 and set a “hold” rating on the stock in a research report on Tuesday. Deutsche Bank set a $347.00 price target on shares of NetEase and gave the company a “buy” rating in a report on Thursday, April 5th. Finally, Zacks Investment Research cut shares of NetEase from a “hold” rating to a “sell” rating in a research note on Saturday, March 31st. Seven investment analysts have rated the stock with a sell rating, four have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $334.94.
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NetEase Company Profile
NetEase, Inc operates an interactive online community in the People's Republic of China. The company operates through Online Game Services; Advertising Services; and E-mail, E-commerce and Others segments. It offers PC-client massively multi-player online role-playing games and mobile games; and distributes its point cards to gamers.
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