Teachers Retirement System of The State of Kentucky decreased its holdings in shares of NetEase Inc (NASDAQ:NTES) by 9.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,700 shares of the technology company’s stock after selling 5,200 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in NetEase were worth $16,805,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also bought and sold shares of the company. Ladenburg Thalmann Financial Services Inc. lifted its holdings in NetEase by 117.6% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 494 shares of the technology company’s stock worth $131,000 after buying an additional 267 shares in the last quarter. Icon Wealth Partners LLC acquired a new position in NetEase in the 4th quarter worth $176,000. Cibc Bank USA acquired a new position in NetEase in the 4th quarter worth $204,000. Mariner Wealth Advisors LLC acquired a new position in NetEase in the 4th quarter worth $233,000. Finally, Hikari Power Ltd acquired a new position in NetEase in the 4th quarter worth $242,000. Institutional investors and hedge funds own 51.29% of the company’s stock.
NTES has been the topic of a number of recent analyst reports. Vetr upgraded shares of NetEase from a “buy” rating to a “strong-buy” rating and set a $362.28 price objective on the stock in a report on Tuesday, December 5th. Zacks Investment Research upgraded shares of NetEase from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 17th. Bank of America boosted their price objective on shares of NetEase from $347.00 to $361.00 and gave the stock a “buy” rating in a report on Friday, November 17th. Deutsche Bank set a $380.00 price objective on shares of NetEase and gave the stock a “buy” rating in a report on Tuesday, January 2nd. Finally, Goldman Sachs Group reiterated a “buy” rating and issued a $432.00 price objective (up previously from $340.00) on shares of NetEase in a report on Thursday, January 18th. They noted that the move was a valuation call. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. NetEase presently has an average rating of “Hold” and an average price target of $344.87.
Shares of NetEase Inc (NTES) opened at $311.62 on Wednesday. The stock has a market cap of $41,518.02, a PE ratio of 26.08, a PEG ratio of 1.77 and a beta of 0.84. NetEase Inc has a 12 month low of $253.20 and a 12 month high of $377.64.
NetEase (NASDAQ:NTES) last issued its earnings results on Wednesday, February 7th. The technology company reported $1.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.52 by ($0.03). The company had revenue of $2.25 billion during the quarter, compared to analyst estimates of $2.27 billion. NetEase had a net margin of 19.64% and a return on equity of 24.93%. research analysts forecast that NetEase Inc will post 13.44 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, March 2nd. Stockholders of record on Friday, February 23rd were paid a $0.38 dividend. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $1.52 dividend on an annualized basis and a dividend yield of 0.49%. NetEase’s dividend payout ratio (DPR) is presently 25.10%.
NetEase announced that its Board of Directors has initiated a share repurchase plan on Wednesday, November 15th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the technology company to reacquire shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.
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NetEase, Inc (NetEase) is a technology company. The Company operates an interactive online community in China and is a provider of Chinese language content and services through its online games, Internet media, e-mail, e-commerce and other businesses. The Company operates through three segments: Online Game Services; Advertising Services, and E-mail, E-commerce and Others.
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