Stevens Capital Management LP Buys Shares of 3,453 NetEase Inc (NASDAQ:NTES)

Stevens Capital Management LP bought a new stake in NetEase Inc (NASDAQ:NTES) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 3,453 shares of the technology company’s stock, valued at approximately $1,059,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Comgest Global Investors S.A.S. lifted its position in shares of NetEase by 30.5% in the 3rd quarter. Comgest Global Investors S.A.S. now owns 2,019,243 shares of the technology company’s stock worth $537,481,000 after acquiring an additional 471,970 shares during the period. State Street Corp lifted its position in shares of NetEase by 0.7% in the 4th quarter. State Street Corp now owns 1,579,584 shares of the technology company’s stock worth $484,364,000 after acquiring an additional 10,333 shares during the period. Mondrian Investment Partners LTD lifted its position in shares of NetEase by 147.7% in the 4th quarter. Mondrian Investment Partners LTD now owns 917,115 shares of the technology company’s stock worth $281,224,000 after acquiring an additional 546,851 shares during the period. Genesis Investment Management LLP bought a new stake in shares of NetEase in the 3rd quarter worth approximately $213,275,000. Finally, Boston Partners lifted its position in shares of NetEase by 70.6% in the 3rd quarter. Boston Partners now owns 532,394 shares of the technology company’s stock worth $141,779,000 after acquiring an additional 220,272 shares during the period. 47.89% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NetEase stock traded down $0.42 during midday trading on Friday, hitting $353.91. 25,721 shares of the company were exchanged, compared to its average volume of 760,310. The firm has a market cap of $45.34 billion, a P/E ratio of 16.23, a PEG ratio of 0.57 and a beta of 0.84. NetEase Inc has a 52 week low of $209.01 and a 52 week high of $358.24. The firm has a 50 day simple moving average of $332.66 and a 200-day simple moving average of $290.37.

NetEase (NASDAQ:NTES) last posted its earnings results on Wednesday, November 20th. The technology company reported $13.85 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.38 by $11.47. The business had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.43 billion. NetEase had a return on equity of 37.50% and a net margin of 27.21%. As a group, sell-side analysts anticipate that NetEase Inc will post 23.24 earnings per share for the current year.

NTES has been the subject of a number of research reports. ValuEngine downgraded NetEase from a “sell” rating to a “strong sell” rating in a research report on Monday, December 30th. Macquarie initiated coverage on NetEase in a research report on Thursday, November 21st. They issued an “outperform” rating and a $363.00 price objective for the company. Barclays raised their price objective on NetEase from $340.00 to $360.00 and gave the stock an “overweight” rating in a research report on Monday, November 25th. BidaskClub upgraded NetEase from a “sell” rating to a “hold” rating in a research report on Saturday, November 30th. Finally, Zacks Investment Research downgraded NetEase from a “buy” rating to a “hold” rating in a research report on Friday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $329.96.

NetEase Company Profile

NetEase, Inc operates an interactive online community in the People's Republic of China. The company operates in four segments: Online Games Services, E-Commerce, Advertising Services, and Innovative Businesses and Other Services. It offers various games in a range of genres through mobile devices and PCs, including role-playing games, MMORPGs, battle arena games, simulation games, collectible card games, first-person shooter games, sandbox games, and other types of games to the Chinese market.

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Institutional Ownership by Quarter for NetEase (NASDAQ:NTES)

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