Daiwa Securities Group Inc. Has $973,000 Stock Holdings in NetEase, Inc. (NASDAQ:NTES)

Daiwa Securities Group Inc. lifted its position in NetEase, Inc. (NASDAQ:NTES) by 28.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,444 shares of the technology company’s stock after acquiring an additional 2,285 shares during the quarter. Daiwa Securities Group Inc.’s holdings in NetEase were worth $973,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Private Trust Co. NA grew its stake in shares of NetEase by 418.9% in the 4th quarter. Private Trust Co. NA now owns 275 shares of the technology company’s stock worth $26,000 after acquiring an additional 222 shares in the last quarter. Chilton Capital Management LLC bought a new stake in shares of NetEase in the 4th quarter worth $37,000. Headlands Technologies LLC bought a new stake in shares of NetEase in the 3rd quarter worth $56,000. Huntington National Bank grew its stake in shares of NetEase by 31.4% in the 3rd quarter. Huntington National Bank now owns 678 shares of the technology company’s stock worth $68,000 after acquiring an additional 162 shares in the last quarter. Finally, CVA Family Office LLC purchased a new position in shares of NetEase in the 4th quarter worth about $65,000. Institutional investors own 11.07% of the company’s stock.

NetEase Stock Up 1.0 %

Shares of NASDAQ:NTES opened at $94.02 on Thursday. The firm has a market capitalization of $60.62 billion, a PE ratio of 14.85, a P/E/G ratio of 0.85 and a beta of 0.58. NetEase, Inc. has a twelve month low of $80.79 and a twelve month high of $118.89. The company has a 50-day moving average price of $102.78 and a two-hundred day moving average price of $103.09.

NetEase (NASDAQ:NTES) last issued 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 business had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $3.96 billion. Analysts anticipate that NetEase, Inc. will post 7.04 earnings per share for the current fiscal year.

NetEase Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were given a $1.08 dividend. This is a positive change from NetEase’s previous quarterly dividend of $0.50. This represents a $4.32 dividend on an annualized basis and a dividend yield of 4.59%. The ex-dividend date was Wednesday, March 13th. NetEase’s dividend payout ratio (DPR) is 68.09%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Morgan Stanley cut their price target on shares of NetEase from $135.00 to $120.00 and set an “overweight” rating on the stock in a report on Friday, April 12th. HSBC cut their price target on shares of NetEase from $130.00 to $126.00 and set a “buy” rating on the stock in a report on Wednesday. Finally, StockNews.com raised shares of NetEase from a “buy” rating to a “strong-buy” rating in a report on Tuesday, March 26th. Seven equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price 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.