Whale Rock Capital Management LLC decreased its position in shares of NetEase Inc (NASDAQ:NTES) by 22.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 159,456 shares of the technology company’s stock after selling 46,998 shares during the quarter. NetEase makes up 2.5% of Whale Rock Capital Management LLC’s holdings, making the stock its 18th largest holding. Whale Rock Capital Management LLC owned about 0.12% of NetEase worth $55,023,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Raymond James Financial Services Advisors Inc. boosted its holdings in NetEase by 133.6% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 1,691 shares of the technology company’s stock worth $446,000 after acquiring an additional 967 shares in the last quarter. Crossmark Global Holdings Inc. purchased a new position in shares of NetEase in the third quarter worth about $525,000. Candriam Luxembourg S.C.A. raised its stake in shares of NetEase by 45.3% in the third quarter. Candriam Luxembourg S.C.A. now owns 2,180 shares of the technology company’s stock worth $575,000 after purchasing an additional 680 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of NetEase by 32.9% in the third quarter. Bank of New York Mellon Corp now owns 217,395 shares of the technology company’s stock worth $57,351,000 after purchasing an additional 53,806 shares during the last quarter. Finally, Comgest Global Investors S.A.S. raised its stake in shares of NetEase by 2.6% in the third quarter. Comgest Global Investors S.A.S. now owns 2,265,783 shares of the technology company’s stock worth $597,737,000 after purchasing an additional 58,279 shares during the last quarter. 51.27% of the stock is currently owned by institutional investors and hedge funds.
NetEase stock traded down $17.43 during trading hours on Thursday, reaching $302.34. The company’s stock had a trading volume of 1,242,405 shares, compared to its average volume of 1,280,341. NetEase Inc has a 12 month low of $253.20 and a 12 month high of $377.64. The stock has a market capitalization of $41,560.29, a P/E ratio of 25.38, a P/E/G ratio of 1.77 and a beta of 0.84.
NetEase (NASDAQ:NTES) last posted its earnings results on Wednesday, February 7th. The technology company reported $1.49 EPS for the quarter, missing the Zacks’ consensus estimate of $1.52 by ($0.03). The business had revenue of $2.25 billion during the quarter, compared to analysts’ expectations of $2.27 billion. NetEase had a net margin of 19.64% and a return on equity of 24.93%. research analysts anticipate that NetEase Inc will post 13.44 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, March 2nd. Shareholders of record on Friday, February 23rd were issued a dividend of $0.38 per share. The ex-dividend date was Thursday, February 22nd. This represents a $1.52 annualized dividend and a yield of 0.50%. NetEase’s dividend payout ratio (DPR) is 25.10%.
Several research analysts have recently issued reports on the company. BidaskClub upgraded NetEase from a “sell” rating to a “hold” rating in a research note on Saturday, March 17th. Zacks Investment Research upgraded NetEase from a “sell” rating to a “hold” rating in a research report on Thursday, March 8th. Sanford C. Bernstein set a $285.00 price target on NetEase and gave the company a “sell” rating in a research report on Tuesday, February 27th. CLSA raised NetEase from a “sell” rating to an “underperform” rating in a report on Thursday, February 8th. Finally, Benchmark raised their price objective on NetEase to $355.00 and gave the company a “buy” rating in a report on Tuesday, February 6th. Three analysts have rated the stock with a sell rating, seven have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. NetEase currently has a consensus rating of “Hold” and a consensus price target of $344.87.
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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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