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% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,428 shares of the technology company’s stock after selling 291 shares during the period. O Shaughnessy Asset Management LLC’s holdings in NetEase were worth $2,001,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of NTES. Farther Finance Advisors LLC grew its stake 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 valued at $30,000 after buying an additional 152 shares during the last quarter. Brooklyn Investment Group purchased a new position in NetEase during the 4th quarter valued at $34,000. UMB Bank n.a. lifted its position in shares of NetEase by 33.3% in the 4th quarter. UMB Bank n.a. now owns 444 shares of the technology company’s stock worth $40,000 after purchasing an additional 111 shares during the period. Live Oak Investment Partners bought a new position in NetEase in the fourth quarter worth about $62,000. Finally, Avior Wealth Management LLC lifted its holdings in NetEase by 148.9% in the fourth 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 period. 11.07% of the stock is currently owned by institutional investors.

NetEase Price Performance

NASDAQ:NTES opened at $98.86 on Friday. The business has a fifty day moving average price of $102.39 and a 200-day moving average price of $93.51. NetEase, Inc. has a one year low of $75.85 and a one year high of $110.15. The firm has a market capitalization of $63.48 billion, a price-to-earnings 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 earnings results on Thursday, February 20th. The technology company reported $1.87 EPS for the quarter, topping analysts’ consensus estimates of $1.73 by $0.14. NetEase had a net margin of 28.17% and a return on equity of 22.12%. The company had revenue of $3.66 billion for the quarter, compared to analysts’ expectations of $27.16 billion. On average, equities research analysts expect that NetEase, Inc. will post 6.91 earnings per share for the current fiscal year.

NetEase Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th were paid a $0.435 dividend. This represents a $1.74 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date was Thursday, March 6th. NetEase’s dividend payout ratio (DPR) is 76.45%.

Analyst Ratings Changes

A number of research firms have issued reports on NTES. StockNews.com downgraded NetEase from a “strong-buy” rating to a “buy” rating in a report on Friday, December 6th. Benchmark lifted their price target on shares of NetEase from $105.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Morgan Stanley upped their price objective on shares of NetEase from $108.00 to $117.00 and gave the stock an “overweight” rating in a report on Wednesday, February 12th. Barclays lifted their target price on shares of NetEase from $82.00 to $104.00 and gave the company an “equal weight” rating in a report on Monday, February 24th. Finally, Bank of America upped their price target on NetEase from $120.00 to $122.00 and gave the stock a “buy” rating in a research note on Wednesday, January 15th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $114.57.

NetEase 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.