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

Corient Private Wealth LLC raised its stake in shares of NetEase, Inc. (NASDAQ:NTES) by 0.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 116,896 shares of the technology company’s stock after buying an additional 169 shares during the period. Corient Private Wealth LLC’s holdings in NetEase were worth $10,428,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Farther Finance Advisors LLC raised its stake in shares of NetEase by 81.7% during the 4th quarter. Farther Finance Advisors LLC now owns 338 shares of the technology company’s stock valued at $30,000 after buying an additional 152 shares during the last quarter. Brooklyn Investment Group purchased a new position in shares of NetEase during the 4th quarter valued at about $34,000. UMB Bank n.a. raised its stake in shares of NetEase by 33.3% during the 4th quarter. UMB Bank n.a. now owns 444 shares of the technology company’s stock valued at $40,000 after buying an additional 111 shares during the last quarter. Live Oak Investment Partners purchased a new position in shares of NetEase during the 4th quarter valued at about $62,000. Finally, RPg Family Wealth Advisory LLC purchased a new position in shares of NetEase during the 3rd quarter valued at about $70,000. Hedge funds and other institutional investors own 11.07% of the company’s stock.

NetEase Trading Up 1.4 %

NASDAQ:NTES opened at $101.91 on Thursday. NetEase, Inc. has a 12 month low of $75.85 and a 12 month high of $110.15. The stock has a 50 day moving average of $101.58 and a two-hundred day moving average of $91.63. The firm has a market cap of $65.44 billion, a P/E ratio of 16.00, a price-to-earnings-growth ratio of 3.37 and a beta of 0.61.

NetEase (NASDAQ:NTES) last posted its quarterly earnings data on Thursday, February 20th. The technology company reported $1.87 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 analyst estimates of $27.16 billion. On average, research analysts forecast that NetEase, Inc. will post 6.91 earnings per share for the current year.

NetEase Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Barclays lifted their price target on NetEase from $82.00 to $104.00 and gave the company an “equal weight” rating in a research note on Monday, February 24th. Benchmark lifted their price target on NetEase from $105.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Bank of America lifted their price target on NetEase from $120.00 to $122.00 and gave the company a “buy” rating in a research note on Wednesday, January 15th. StockNews.com lowered NetEase from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 6th. Finally, Morgan Stanley lifted their price target on NetEase from $108.00 to $117.00 and gave the company an “overweight” rating in a research note on Wednesday, February 12th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average 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.