NetEase Inc (NTES) Stake Boosted by Guggenheim Capital LLC

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Guggenheim Capital LLC lifted its position in shares of NetEase Inc (NASDAQ:NTES) by 10.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 114,742 shares of the technology company’s stock after purchasing an additional 10,558 shares during the quarter. Guggenheim Capital LLC owned 0.09% of NetEase worth $32,172,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Nomura Asset Management Co. Ltd. boosted its position in shares of NetEase by 1.4% during the first quarter. Nomura Asset Management Co. Ltd. now owns 16,426 shares of the technology company’s stock worth $4,605,000 after purchasing an additional 220 shares in the last quarter. LPL Financial LLC boosted its position in shares of NetEase by 3.2% during the first quarter. LPL Financial LLC now owns 7,624 shares of the technology company’s stock worth $2,138,000 after purchasing an additional 235 shares in the last quarter. Cabot Wealth Management Inc. boosted its position in shares of NetEase by 1.4% during the first quarter. Cabot Wealth Management Inc. now owns 25,435 shares of the technology company’s stock worth $7,132,000 after purchasing an additional 344 shares in the last quarter. United Capital Financial Advisers LLC boosted its position in shares of NetEase by 3.2% during the first quarter. United Capital Financial Advisers LLC now owns 11,162 shares of the technology company’s stock worth $3,130,000 after purchasing an additional 347 shares in the last quarter. Finally, Yong Rong HK Asset Management Ltd boosted its position in shares of NetEase by 11.7% during the first quarter. Yong Rong HK Asset Management Ltd now owns 3,350 shares of the technology company’s stock worth $939,000 after purchasing an additional 350 shares in the last quarter. 46.25% of the stock is currently owned by institutional investors.

A number of equities analysts have recently weighed in on NTES shares. CLSA raised shares of NetEase from an “underperform” rating to a “buy” rating in a research report on Wednesday, April 25th. BidaskClub raised shares of NetEase from a “strong sell” rating to a “sell” rating in a research report on Thursday, April 12th. Nomura reduced their price target on shares of NetEase to $399.00 and set a “buy” rating on the stock in a research report on Thursday, March 29th. Deutsche Bank set a $347.00 price target on shares of NetEase and gave the stock a “buy” rating in a research report on Thursday, April 5th. Finally, Sanford C. Bernstein set a $285.00 price target on shares of NetEase and gave the stock a “sell” rating in a research report on Tuesday, February 27th. Four investment analysts have rated the stock with a sell rating, four have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $327.21.

NTES opened at $259.40 on Friday. The firm has a market capitalization of $33.38 billion, a P/E ratio of 20.90, a P/E/G ratio of 2.12 and a beta of 0.82. NetEase Inc has a 12 month low of $222.32 and a 12 month high of $377.64.

NetEase (NASDAQ:NTES) last posted its quarterly earnings data on Wednesday, May 16th. The technology company reported $0.91 EPS for the quarter, missing the consensus estimate of $1.99 by ($1.08). The company had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.27 billion. NetEase had a net margin of 13.60% and a return on equity of 17.46%. equities analysts predict that NetEase Inc will post 7.25 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 8th. Investors of record on Friday, June 1st were given a $0.23 dividend. The ex-dividend date of this dividend was Thursday, May 31st. This represents a $0.92 annualized dividend and a yield of 0.35%. NetEase’s dividend payout ratio is currently 7.33%.

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.

Institutional Ownership by Quarter for NetEase (NASDAQ:NTES)

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