NetEase Inc. (NTES) Position Cut by Waverton Investment Management Ltd
Waverton Investment Management Ltd decreased its position in shares of NetEase Inc. (NASDAQ:NTES) by 5.8% during the second quarter, Holdings Channel reports. The firm owned 127,896 shares of the company’s stock after selling 7,892 shares during the period. NetEase makes up about 1.9% of Waverton Investment Management Ltd’s holdings, making the stock its 22nd largest position. Waverton Investment Management Ltd’s holdings in NetEase were worth $24,712,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in NTES. Aperio Group LLC boosted its position in shares of NetEase by 10.5% in the first quarter. Aperio Group LLC now owns 33,927 shares of the company’s stock worth $4,871,000 after buying an additional 3,211 shares during the period. Virginia Retirement System acquired a new position in shares of NetEase during the first quarter worth $1,450,000. CIBC World Markets Inc. acquired a new position in shares of NetEase during the first quarter worth $316,000. Franklin Resources Inc. boosted its position in shares of NetEase by 138.2% in the first quarter. Franklin Resources Inc. now owns 566,006 shares of the company’s stock worth $81,267,000 after buying an additional 328,400 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 worth $47,454,000 after buying an additional 55,375 shares during the period. 59.71% of the stock is currently owned by hedge funds and other institutional investors.
NetEase Inc. (NASDAQ:NTES) traded up 3.17% during mid-day trading on Thursday, reaching $256.00. 837,790 shares of the company’s stock traded hands. NetEase Inc. has a 12 month low of $126.62 and a 12 month high of $256.74. The stock has a market capitalization of $33.57 billion, a PE ratio of 24.49 and a beta of 1.04. The firm’s 50-day moving average price is $228.69 and its 200 day moving average price is $183.24.
NetEase (NASDAQ:NTES) last announced its earnings results on Wednesday, August 17th. The company reported $3.67 earnings per share (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 predict that NetEase Inc. will post $12.52 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 9th. Shareholders of record on Wednesday, August 31st were given a dividend of $0.78 per share. The ex-dividend date of this dividend was Monday, August 29th. This represents a $3.12 dividend on an annualized basis and a yield of 1.26%. This is a boost from NetEase’s previous quarterly dividend of $0.73. NetEase’s dividend payout ratio is presently 25.14%.
NTES has been the topic of a number of recent research reports. Deutsche Bank AG lifted their price target on shares of NetEase from $190.00 to $207.00 and gave the company a “buy” rating in a research report on Friday, June 24th. Brean Capital started coverage on shares of NetEase in a research report on Monday, July 18th. They set a “buy” rating and a $235.00 target price on the stock. Zacks Investment Research cut shares of NetEase from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 27th. Vetr cut shares of NetEase from a “buy” rating to a “hold” rating and set a $212.23 target price on the stock. in a research report on Monday, August 15th. Finally, Credit Suisse Group AG started coverage on shares of NetEase in a research report on Friday, August 19th. They set a “neutral” rating and a $230.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $221.08.
NetEase Company Profile
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.
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