Natixis Advisors LLC Has $4.93 Million Position in NetEase, Inc. (NASDAQ:NTES)

Natixis Advisors LLC grew its holdings in NetEase, Inc. (NASDAQ:NTES) by 97.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 55,280 shares of the technology company’s stock after purchasing an additional 27,216 shares during the quarter. Natixis Advisors LLC’s holdings in NetEase were worth $4,932,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Brandes Investment Partners LP raised its position in shares of NetEase by 17.1% during the fourth quarter. Brandes Investment Partners LP now owns 24,808 shares of the technology company’s stock worth $2,213,000 after acquiring an additional 3,627 shares during the last quarter. Aurora Investment Counsel raised its position in shares of NetEase by 9.1% during the fourth quarter. Aurora Investment Counsel now owns 28,692 shares of the technology company’s stock worth $2,560,000 after acquiring an additional 2,387 shares during the last quarter. Farther Finance Advisors LLC raised its position in shares of NetEase by 81.7% during 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 last quarter. HighTower Advisors LLC raised its position in shares of NetEase by 112.1% during the fourth quarter. HighTower Advisors LLC now owns 8,330 shares of the technology company’s stock worth $743,000 after acquiring an additional 4,402 shares during the last quarter. Finally, Davis Selected Advisers bought a new stake in shares of NetEase during the fourth quarter worth $53,287,000. Institutional investors and hedge funds own 11.07% of the company’s stock.

NetEase Price Performance

Shares of NetEase stock opened at $97.05 on Friday. NetEase, Inc. has a 1 year low of $75.85 and a 1 year high of $110.15. The business has a 50-day moving average of $101.86 and a two-hundred day moving average of $91.80. The company has a market capitalization of $62.32 billion, a P/E ratio of 15.24, a price-to-earnings-growth ratio of 3.37 and a beta of 0.61.

NetEase (NASDAQ:NTES) last announced its quarterly earnings results on Thursday, February 20th. The technology company reported $1.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.73 by $0.14. NetEase had a return on equity of 22.12% and a net margin of 28.17%. The company had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $27.16 billion. On average, equities analysts anticipate 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 was paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th were issued a $0.435 dividend. The ex-dividend date was Thursday, March 6th. This represents a $1.74 annualized dividend and a dividend yield of 1.79%. NetEase’s dividend payout ratio (DPR) is currently 76.45%.

Wall Street Analysts Forecast Growth

NTES has been the subject of a number of recent research reports. Bank of America boosted their target price on NetEase from $120.00 to $122.00 and gave the stock a “buy” rating in a research report on Wednesday, January 15th. Benchmark upped their price objective on NetEase from $105.00 to $115.00 and gave the company a “buy” rating in a report on Friday, February 21st. StockNews.com downgraded NetEase from a “strong-buy” rating to a “buy” rating in a report on Friday, December 6th. Barclays upped their price objective on NetEase from $82.00 to $104.00 and gave the company an “equal weight” rating in a report on Monday, February 24th. Finally, Morgan Stanley upped their price objective on NetEase from $108.00 to $117.00 and gave the company an “overweight” rating in a report on Wednesday, February 12th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, NetEase presently has a consensus rating of “Moderate Buy” and an average price target 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.