Raymond James & Associates Has $1.82 Million Stock Holdings in NetEase, Inc. (NASDAQ:NTES)

Raymond James & Associates boosted its stake in shares of NetEase, Inc. (NASDAQ:NTES) by 4.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 19,519 shares of the technology company’s stock after purchasing an additional 786 shares during the period. Raymond James & Associates’ holdings in NetEase were worth $1,818,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Pinpoint Asset Management Ltd acquired a new position in NetEase during the first quarter valued at approximately $42,000. First Capital Advisors Group LLC. acquired a new position in NetEase during the second quarter valued at approximately $47,000. Headlands Technologies LLC acquired a new position in NetEase during the third quarter valued at approximately $56,000. Atlas Capital Advisors LLC acquired a new stake in shares of NetEase in the second quarter valued at approximately $58,000. Finally, Huntington National Bank lifted its position in shares of NetEase by 31.4% in the third quarter. Huntington National Bank now owns 678 shares of the technology company’s stock valued at $68,000 after buying an additional 162 shares during the last quarter. 11.07% of the stock is owned by institutional investors and hedge funds.

NetEase Trading Down 0.5 %

Shares of NASDAQ NTES opened at $89.94 on Thursday. The firm has a market cap of $57.99 billion, a P/E ratio of 14.21, a price-to-earnings-growth 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. The business’s 50 day moving average is $104.05 and its 200-day moving average is $103.30.

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 analysts’ consensus estimates of $1.62 by ($0.20). NetEase had a return on equity of 24.36% and a net margin of 28.39%. The firm had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $3.96 billion. Analysts forecast that NetEase, Inc. will post 7.04 EPS for the current year.

NetEase Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were paid a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a yield of 4.80%. The ex-dividend date was Wednesday, March 13th. This is a positive change from NetEase’s previous quarterly dividend of $0.50. NetEase’s dividend payout ratio (DPR) is 68.09%.

Analyst Ratings Changes

A number of research firms have recently issued reports on NTES. StockNews.com raised NetEase from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, March 26th. Morgan Stanley cut their price objective on NetEase from $135.00 to $120.00 and set an “overweight” rating for the company in a research report on Friday, April 12th. Six research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $126.00.

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.