Great West Life Assurance Co. Can increased its stake in NetEase Inc (NASDAQ:NTES) by 11.3% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 44,186 shares of the technology company’s stock after purchasing an additional 4,500 shares during the quarter. Great West Life Assurance Co. Can’s holdings in NetEase were worth $11,168,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Banco de Sabadell S.A acquired a new stake in NetEase in the 1st quarter valued at about $100,000. Verition Fund Management LLC acquired a new stake in NetEase in the 1st quarter valued at about $279,000. HRT Financial LLC acquired a new stake in NetEase in the 1st quarter valued at about $291,000. Pinnacle Associates Ltd. acquired a new stake in NetEase in the 1st quarter valued at about $362,000. Finally, Ladenburg Thalmann Financial Services Inc. grew its stake in NetEase by 201.8% in the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,334 shares of the technology company’s stock valued at $375,000 after acquiring an additional 892 shares during the last quarter. Institutional investors and hedge funds own 45.78% of the company’s stock.
A number of equities research analysts recently commented on NTES shares. JPMorgan Chase & Co. raised shares of NetEase from an “underweight” rating to an “overweight” rating and set a $185.00 price objective on the stock in a research note on Tuesday, July 3rd. ValuEngine cut shares of NetEase from a “sell” rating to a “strong sell” rating in a research note on Friday, August 10th. BidaskClub raised shares of NetEase from a “sell” rating to a “hold” rating in a research note on Tuesday, June 12th. Nomura lowered their price objective on shares of NetEase from $386.00 to $352.00 and set a “buy” rating on the stock in a research note on Friday, August 10th. Finally, TheStreet cut shares of NetEase from a “b” rating to a “c+” rating in a research note on Friday, May 18th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. NetEase currently has a consensus rating of “Hold” and a consensus target price of $324.46.
NetEase stock opened at $191.19 on Friday. NetEase Inc has a 12-month low of $188.72 and a 12-month high of $377.64. The stock has a market cap of $24.92 billion, a price-to-earnings ratio of 24.64, a PEG ratio of 1.64 and a beta of 0.80.
NetEase (NASDAQ:NTES) last released its quarterly earnings results on Wednesday, August 8th. The technology company reported $2.44 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.62 by $0.82. NetEase had a net margin of 11.49% and a return on equity of 14.57%. The company had revenue of $2.46 billion for the quarter, compared to analysts’ expectations of $2.61 billion. sell-side analysts predict that NetEase Inc will post 7.01 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, August 31st. Shareholders of record on Friday, August 24th were paid a dividend of $0.61 per share. This is a boost from NetEase’s previous quarterly dividend of $0.23. This represents a $2.44 annualized dividend and a dividend yield of 1.28%. The ex-dividend date of this dividend was Thursday, August 23rd. NetEase’s dividend payout ratio (DPR) is currently 19.58%.
NetEase, Inc operates an interactive online community in the People's Republic of China. The company operates through Online Game Services; E-Commerce; Advertising Services; and Email and Others segments. It offers various games in a range of genres through mobile devices and PCs, including role playing games, MMORPGs, battle arena games, simulation games, collectible card games, first-person shooter games, sandbox games, and other types of games to the Chinese market.
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