Smith Asset Management Group LP lowered its position in NetEase Inc. (NASDAQ:NTES) by 6.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,413 shares of the company’s stock after selling 100 shares during the period. Smith Asset Management Group LP’s holdings in NetEase were worth $273,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of NTES. BlackRock Japan Co. Ltd increased its position in NetEase by 13.4% in the first quarter. BlackRock Japan Co. Ltd now owns 71,514 shares of the company’s stock worth $10,268,000 after buying an additional 8,461 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in shares of NetEase by 17.8% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,320,917 shares of the company’s stock valued at $189,657,000 after buying an additional 199,253 shares during the period. BlackRock Fund Advisors boosted its position in shares of NetEase by 7.0% in the first quarter. BlackRock Fund Advisors now owns 593,151 shares of the company’s stock valued at $85,165,000 after buying an additional 38,570 shares during the period. BlackRock Group LTD boosted its position in shares of NetEase by 5.7% in the first quarter. BlackRock Group LTD now owns 597,028 shares of the company’s stock valued at $85,722,000 after buying an additional 32,191 shares during the period. Finally, BlackRock Inc. boosted its position in shares of NetEase by 20.1% in the first quarter. BlackRock Inc. now owns 330,505 shares of the company’s stock valued at $47,454,000 after buying an additional 55,375 shares during the period. Institutional investors and hedge funds own 59.71% of the company’s stock.
NetEase Inc. (NASDAQ:NTES) traded up 1.22% during mid-day trading on Tuesday, reaching $244.15. The company had a trading volume of 1,032,059 shares. The stock has a market capitalization of $32.01 billion, a PE ratio of 23.36 and a beta of 1.29. The company’s 50-day moving average is $221.87 and its 200-day moving average is $179.31. NetEase Inc. has a one year low of $116.01 and a one year high of $254.48.
NetEase (NASDAQ:NTES) last issued its quarterly earnings data on Wednesday, August 17th. The company reported $3.67 EPS for the quarter, topping analysts’ consensus estimates of $2.61 by $1.06. NetEase had a return on equity of 31.47% and a net margin of 29.34%. Equities research analysts anticipate that NetEase Inc. will post $12.40 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 9th. Shareholders of record on Wednesday, August 31st were issued a dividend of $0.78 per share. This is a positive change from NetEase’s previous quarterly dividend of $0.73. This represents a $3.12 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date was Monday, August 29th. NetEase’s payout ratio is currently 25.14%.
Several research analysts recently commented on the company. Vetr cut NetEase from a “sell” rating to a “strong sell” rating and set a $210.98 price target for the company. in a research report on Monday, September 19th. Zacks Investment Research raised NetEase from a “hold” rating to a “strong-buy” rating and set a $244.00 price target for the company in a research report on Tuesday, August 23rd. Brean Capital reissued a “buy” rating on shares of NetEase in a research report on Wednesday, August 31st. Credit Suisse Group AG assumed coverage on NetEase in a research report on Friday, August 19th. They set a “neutral” rating and a $230.00 price target for the company. Finally, Deutsche Bank AG increased their price target on NetEase from $190.00 to $207.00 and gave the company a “buy” rating in a research report on Friday, June 24th. Three research analysts have rated the stock with a sell rating, two have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $198.13.
NetEase, Inc (NetEase) is a technology company. The Company operates an interactive online community in China and is a provider of Chinese language content and services through its online games, Internet media, e-mail, e-commerce and other businesses. The Company operates through three segments: Online Game Services; Advertising Services, and E-mail, E-commerce and Others.
Want to see what other hedge funds are holding NTES? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NetEase Inc. (NASDAQ:NTES).
Receive News & Ratings for NetEase Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NetEase Inc. and related companies with MarketBeat.com's FREE daily email newsletter.