Bleakley Financial Group LLC Invests $216,000 in NetEase, Inc. (NASDAQ:NTES)

Bleakley Financial Group LLC acquired a new position in shares of NetEase, Inc. (NASDAQ:NTES) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 2,319 shares of the technology company’s stock, valued at approximately $216,000.

Other large investors have also recently bought and sold shares of the company. Private Trust Co. NA increased its holdings in NetEase by 418.9% in the fourth quarter. Private Trust Co. NA now owns 275 shares of the technology company’s stock valued at $26,000 after buying an additional 222 shares during the last quarter. Chilton Capital Management LLC purchased a new position in NetEase in the fourth quarter valued at $37,000. Pinpoint Asset Management Ltd purchased a new position in NetEase in the first quarter valued at $42,000. First Capital Advisors Group LLC. purchased a new position in NetEase in the second quarter valued at $47,000. Finally, Headlands Technologies LLC purchased a new position in NetEase in the third quarter valued at $56,000. Hedge funds and other institutional investors own 11.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Morgan Stanley dropped their target price on NetEase from $135.00 to $120.00 and set an “overweight” rating on the stock in a report on Friday, April 12th. StockNews.com raised NetEase from a “buy” rating to a “strong-buy” rating in a report on Tuesday, March 26th. Six analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, NetEase currently has an average rating of “Buy” and an average target price of $126.00.

NetEase Stock Performance

Shares of NTES stock opened at $90.42 on Wednesday. The stock’s 50-day moving average is $104.38 and its two-hundred day moving average is $103.39. The firm has a market cap of $58.30 billion, a price-to-earnings ratio of 14.28, a PEG ratio of 0.84 and a beta of 0.58. NetEase, Inc. has a 1 year low of $80.79 and a 1 year high of $118.89.

NetEase (NASDAQ:NTES) last announced its earnings results on Thursday, February 29th. The technology company reported $1.42 earnings per share for the quarter, missing the consensus estimate of $1.62 by ($0.20). NetEase had a return on equity of 24.36% and a net margin of 28.39%. The business had revenue of $3.82 billion for the quarter, compared to analyst estimates of $3.96 billion. As a group, research analysts predict that NetEase, Inc. will post 7.04 EPS for the current year.

NetEase Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were paid a dividend of $1.08 per share. This is an increase from NetEase’s previous quarterly dividend of $0.50. The ex-dividend date was Wednesday, March 13th. This represents a $4.32 annualized dividend and a dividend yield of 4.78%. NetEase’s dividend payout ratio is 68.09%.

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.