Northern Trust Corp Raises Stock Holdings in NetEase, Inc. (NASDAQ:NTES)

Northern Trust Corp increased its holdings in shares of NetEase, Inc. (NASDAQ:NTES) by 138.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 430,653 shares of the technology company’s stock after acquiring an additional 250,111 shares during the quarter. Northern Trust Corp owned approximately 0.07% of NetEase worth $38,419,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of NTES. Farther Finance Advisors LLC boosted its holdings in shares of 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 buying an additional 152 shares during the last quarter. Brooklyn Investment Group purchased a new position in NetEase in the fourth quarter valued at about $34,000. UMB Bank n.a. boosted its stake in NetEase by 33.3% in the fourth quarter. UMB Bank n.a. now owns 444 shares of the technology company’s stock valued at $40,000 after acquiring an additional 111 shares during the last quarter. Live Oak Investment Partners bought a new position in shares of NetEase during the 4th quarter valued at approximately $62,000. Finally, Avior Wealth Management LLC increased its stake in shares of NetEase by 148.9% during the 4th quarter. Avior Wealth Management LLC now owns 993 shares of the technology company’s stock worth $89,000 after purchasing an additional 594 shares during the last quarter. Hedge funds and other institutional investors own 11.07% of the company’s stock.

NetEase Price Performance

NASDAQ NTES opened at $103.34 on Friday. The company’s 50 day simple moving average is $101.70 and its two-hundred day simple moving average is $95.98. The stock has a market capitalization of $65.48 billion, a PE ratio of 16.22, a P/E/G ratio of 3.37 and a beta of 0.66. NetEase, Inc. has a 1 year low of $75.85 and a 1 year high of $110.66.

NetEase (NASDAQ:NTES) last posted its quarterly earnings data on Thursday, February 20th. The technology company reported $1.87 earnings per share (EPS) for the quarter, beating 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 anticipate that NetEase, Inc. will post 6.91 EPS for the current year.

NetEase Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th were given a dividend of $0.435 per share. The ex-dividend date was Thursday, March 6th. This represents a $1.74 annualized dividend and a yield of 1.68%. NetEase’s payout ratio is presently 76.45%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on NTES. Barclays raised their target price on NetEase from $82.00 to $104.00 and gave the stock an “equal weight” rating in a research report on Monday, February 24th. Morgan Stanley upped their price objective on shares of NetEase from $108.00 to $117.00 and gave the company an “overweight” rating in a report on Wednesday, February 12th. Benchmark boosted 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. Finally, Bank of America upped their price target on shares of NetEase from $120.00 to $122.00 and gave the company a “buy” rating in a research note on Wednesday, January 15th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $112.67.

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.