NetEase, Inc. (NASDAQ:NTES) Shares Purchased by Toronto Dominion Bank

Toronto Dominion Bank raised its stake in shares of NetEase, Inc. (NASDAQ:NTES) by 3.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,717 shares of the technology company’s stock after buying an additional 194 shares during the period. Toronto Dominion Bank’s holdings in NetEase were worth $488,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of NTES. Maverick Capital Ltd. bought a new position in shares of NetEase during the 2nd quarter valued at about $32,000. Koshinski Asset Management Inc. bought a new position in shares of NetEase during the 3rd quarter valued at about $65,000. Liberty Wealth Management LLC boosted its position in shares of NetEase by 64,792.3% during the 2nd quarter. Liberty Wealth Management LLC now owns 8,436 shares of the technology company’s stock valued at $73,000 after purchasing an additional 8,423 shares in the last quarter. Strategic Asset Management LLC bought a new position in shares of NetEase during the 3rd quarter valued at about $79,000. Finally, RPg Family Wealth Advisory LLC bought a new position in shares of NetEase during the 2nd quarter valued at about $86,000. Institutional investors own 30.63% of the company’s stock.

Shares of NTES opened at $103.36 on Friday. NetEase, Inc. has a one year low of $77.97 and a one year high of $134.33. The company has a 50-day moving average of $103.98 and a two-hundred day moving average of $98.60. The stock has a market cap of $69.24 billion, a price-to-earnings ratio of 37.45, a PEG ratio of 1.22 and a beta of 0.54.

NetEase (NASDAQ:NTES) last announced its earnings results on Monday, November 15th. The technology company reported $5.75 EPS for the quarter, topping the consensus estimate of $0.68 by $5.07. The company had revenue of $22.19 billion during the quarter, compared to analysts’ expectations of $21.23 billion. NetEase had a net margin of 14.62% and a return on equity of 14.17%. The business’s revenue for the quarter was up 18.9% on a year-over-year basis. During the same period last year, the company posted $0.64 earnings per share. On average, sell-side analysts forecast that NetEase, Inc. will post 3.38 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, December 16th. Investors of record on Wednesday, December 1st were issued a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 0.87%. The ex-dividend date was Tuesday, November 30th. NetEase’s dividend payout ratio is currently 32.25%.

Several research firms have recently weighed in on NTES. CLSA reduced their price objective on shares of NetEase from $143.00 to $134.00 and set a “buy” rating for the company in a research report on Wednesday, November 17th. Citigroup reduced their price objective on shares of NetEase from $142.00 to $136.00 and set a “buy” rating for the company in a research report on Wednesday, November 17th. Bank of America raised their target price on shares of NetEase from $128.00 to $145.00 and gave the stock a “buy” rating in a report on Wednesday, November 17th. Finally, Zacks Investment Research upgraded shares of NetEase from a “sell” rating to a “hold” rating in a report on Friday, November 5th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $134.88.

NetEase Company Profile

NetEase, Inc is an internet technology company, which premium online services centered around content, community, communication and commerce. It develops and operates some of the most popular PC-client and mobile games in China. The firm also operates some of the most popular international online games in China by partnering with Blizzard Entertainment, Mojang AB (a Microsoft subsidiary) and other global game developers.

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Institutional Ownership by Quarter for NetEase (NASDAQ:NTES)

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