Corient Private Wealth LLC Boosts Stock Position in NetEase, Inc. (NASDAQ:NTES)

Corient Private Wealth LLC grew its stake in NetEase, Inc. (NASDAQ:NTES) by 0.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 116,896 shares of the technology company’s stock after purchasing an additional 169 shares during the period. Corient Private Wealth LLC’s holdings in NetEase were worth $10,428,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in NTES. Farther Finance Advisors LLC grew its position in NetEase by 81.7% in the fourth quarter. Farther Finance Advisors LLC now owns 338 shares of the technology company’s stock worth $30,000 after acquiring an additional 152 shares during the period. Brooklyn Investment Group purchased a new position in NetEase in the fourth quarter worth approximately $34,000. UMB Bank n.a. grew its position in NetEase by 33.3% in the fourth quarter. UMB Bank n.a. now owns 444 shares of the technology company’s stock worth $40,000 after acquiring an additional 111 shares during the period. Live Oak Investment Partners purchased a new position in NetEase in the fourth quarter worth approximately $62,000. Finally, RPg Family Wealth Advisory LLC purchased a new position in NetEase in the third quarter worth approximately $70,000. 11.07% of the stock is currently owned by hedge funds and other institutional investors.

NetEase Trading Up 1.4 %

Shares of NASDAQ NTES opened at $101.91 on Thursday. The stock has a market cap of $65.44 billion, a P/E ratio of 16.00, a PEG ratio of 3.37 and a beta of 0.61. NetEase, Inc. has a 12-month low of $75.85 and a 12-month high of $110.15. The business’s fifty day simple moving average is $101.58 and its 200-day simple moving average is $91.63.

NetEase (NASDAQ:NTES) last announced its quarterly earnings data on Thursday, February 20th. The technology company reported $1.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.73 by $0.14. The business had revenue of $3.66 billion for the quarter, compared to analysts’ expectations of $27.16 billion. NetEase had a return on equity of 22.12% and a net margin of 28.17%. On average, equities analysts forecast that NetEase, Inc. will post 6.91 EPS for the current fiscal year.

NetEase Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be paid a $0.435 dividend. This represents a $1.74 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date is Thursday, March 6th. NetEase’s dividend payout ratio is presently 76.45%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on NTES. Barclays increased their price objective on NetEase from $82.00 to $104.00 and gave the stock an “equal weight” rating in a research report on Monday, February 24th. Bank of America raised their price target on NetEase from $120.00 to $122.00 and gave the stock a “buy” rating in a research report on Wednesday, January 15th. Morgan Stanley raised their price target on NetEase from $108.00 to $117.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 12th. Benchmark raised their price target on NetEase from $105.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Finally, StockNews.com lowered NetEase from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 6th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, NetEase presently has a consensus rating of “Moderate Buy” and an average target price of $114.57.

NetEase Company Profile

NetEase, Inc engages in online games, music streaming, online intelligent learning services, and internet content services businesses in China and internationally . The company operates through Games and Related Value-Added Services, Youdao, Cloud Music, and Innovative Businesses and Others segments.