O Shaughnessy Asset Management LLC Sells 291 Shares of NetEase, Inc. (NASDAQ:NTES)

O Shaughnessy Asset Management LLC decreased its position in shares of NetEase, Inc. (NASDAQ:NTES) by 1.3% in the fourth quarter, HoldingsChannel reports. The firm owned 22,428 shares of the technology company’s stock after selling 291 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in NetEase were worth $2,001,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Farther Finance Advisors LLC increased its stake in NetEase by 81.7% in the 4th 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. Brooklyn Investment Group purchased a new position in shares of NetEase in the fourth quarter valued at $34,000. UMB Bank n.a. raised its stake in NetEase by 33.3% during the fourth quarter. UMB Bank n.a. now owns 444 shares of the technology company’s stock valued at $40,000 after purchasing an additional 111 shares in the last quarter. Live Oak Investment Partners bought a new position in NetEase during the fourth quarter valued at $62,000. Finally, Avior Wealth Management LLC increased its holdings in shares of NetEase by 148.9% in the 4th quarter. Avior Wealth Management LLC now owns 993 shares of the technology company’s stock worth $89,000 after buying an additional 594 shares during the last quarter. 11.07% of the stock is currently owned by hedge funds and other institutional investors.

NetEase Stock Down 5.8 %

Shares of NASDAQ NTES opened at $98.86 on Friday. NetEase, Inc. has a twelve month low of $75.85 and a twelve month high of $110.15. The business has a fifty day simple moving average of $102.39 and a two-hundred day simple moving average of $93.51. The firm has a market cap of $63.48 billion, a PE ratio of 15.52, a price-to-earnings-growth ratio of 3.37 and a beta of 0.61.

NetEase (NASDAQ:NTES) last released its quarterly earnings data on Thursday, February 20th. The technology company reported $1.87 earnings per share for the quarter, topping analysts’ consensus estimates of $1.73 by $0.14. The company had revenue of $3.66 billion during the quarter, compared to analyst estimates of $27.16 billion. NetEase had a net margin of 28.17% and a return on equity of 22.12%. On average, research analysts expect that NetEase, Inc. will post 6.91 earnings per share for the current year.

NetEase Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were issued a dividend of $0.435 per share. This represents a $1.74 annualized dividend and a yield of 1.76%. The ex-dividend date of this dividend was Thursday, March 6th. NetEase’s payout ratio is 76.45%.

Wall Street Analyst Weigh In

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

About NetEase

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.