ETF Managers Group LLC lowered its holdings in shares of NetEase Inc (NASDAQ:NTES) by 40.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,644 shares of the technology company’s stock after selling 2,496 shares during the period. ETF Managers Group LLC’s holdings in NetEase were worth $858,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. Lavaca Capital LLC acquired a new stake in shares of NetEase in the 4th quarter valued at $62,000. Atlas Capital Advisors LLC acquired a new position in NetEase during the 4th quarter worth about $64,000. Quadrant Capital Group LLC lifted its position in NetEase by 775.9% during the 4th quarter. Quadrant Capital Group LLC now owns 508 shares of the technology company’s stock worth $116,000 after buying an additional 450 shares in the last quarter. Ruggie Capital Group acquired a new position in NetEase during the 4th quarter worth about $149,000. Finally, Guinness Asset Management Ltd lifted its position in NetEase by 59.1% during the 3rd quarter. Guinness Asset Management Ltd now owns 861 shares of the technology company’s stock worth $196,000 after buying an additional 320 shares in the last quarter. Hedge funds and other institutional investors own 45.30% of the company’s stock.
Several research analysts recently issued reports on NTES shares. Zacks Investment Research upgraded shares of NetEase from a “hold” rating to a “strong-buy” rating and set a $289.00 price target on the stock in a research report on Wednesday. Morgan Stanley downgraded shares of NetEase from an “overweight” rating to an “equal weight” rating and set a $222.49 price target on the stock. in a research report on Sunday, December 9th. BidaskClub upgraded shares of NetEase from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, November 7th. Barclays upgraded shares of NetEase from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $270.00 to $300.00 in a research report on Monday, January 14th. Finally, ValuEngine upgraded shares of NetEase from a “hold” rating to a “buy” rating in a research report on Thursday, November 1st. Three analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $272.39.
Shares of NASDAQ:NTES opened at $239.88 on Friday. The stock has a market cap of $31.22 billion, a price-to-earnings ratio of 19.33, a PEG ratio of 1.31 and a beta of 0.74. NetEase Inc has a 1-year low of $184.60 and a 1-year high of $329.00.
NetEase (NASDAQ:NTES) last announced its quarterly earnings data on Wednesday, November 14th. The technology company reported $1.80 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.10 by ($0.30). The firm had revenue of $2.45 billion for the quarter, compared to the consensus estimate of $2.42 billion. NetEase had a return on equity of 12.66% and a net margin of 9.22%. The business’s revenue for the quarter was up 30.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.43 earnings per share. On average, equities analysts anticipate that NetEase Inc will post 6.78 earnings per share for the current fiscal year.
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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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