Lindbrook Capital LLC Purchases 128 Shares of NetEase, Inc. (NASDAQ:NTES)

Lindbrook Capital LLC lifted its position in shares of NetEase, Inc. (NASDAQ:NTES) by 14.0% during the fourth quarter, Holdings Channel reports. The firm owned 1,043 shares of the technology company’s stock after acquiring an additional 128 shares during the period. Lindbrook Capital LLC’s holdings in NetEase were worth $97,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. Calamos Wealth Management LLC bought a new stake in NetEase in the fourth quarter worth about $1,502,000. Calamos Advisors LLC bought a new stake in NetEase in the fourth quarter worth about $4,883,000. Ninety One SA PTY Ltd raised its position in NetEase by 9.6% in the fourth quarter. Ninety One SA PTY Ltd now owns 28,402 shares of the technology company’s stock worth $2,646,000 after acquiring an additional 2,484 shares during the period. Daiwa Securities Group Inc. raised its position in NetEase by 28.0% in the fourth quarter. Daiwa Securities Group Inc. now owns 10,444 shares of the technology company’s stock worth $973,000 after acquiring an additional 2,285 shares during the period. Finally, WCM Investment Management LLC bought a new stake in NetEase in the fourth quarter worth about $747,000. 11.07% of the stock is owned by institutional investors.

NetEase Trading Up 1.0 %

NetEase stock opened at $94.02 on Thursday. The firm’s 50 day simple moving average is $102.78 and its 200 day simple moving average is $103.09. The firm has a market capitalization of $60.62 billion, a PE ratio of 14.85, a price-to-earnings-growth ratio of 0.85 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 posted 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). The firm had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $3.96 billion. NetEase had a return on equity of 24.36% and a net margin of 28.39%. Research analysts forecast that NetEase, Inc. will post 7.04 earnings per share for the current year.

NetEase Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were issued a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a yield of 4.59%. 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 is 68.09%.

Analysts Set New Price Targets

Several brokerages have commented on NTES. Morgan Stanley lowered their price objective on shares of NetEase from $135.00 to $120.00 and set an “overweight” rating on the stock in a research report on Friday, April 12th. HSBC dropped their price target on shares of NetEase from $130.00 to $126.00 and set a “buy” rating on the stock in a research note on Wednesday. Finally, StockNews.com upgraded shares of NetEase from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, March 26th. Seven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $126.00.

NetEase Company 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.