NetEase, Inc. (NASDAQ:NTES) Shares Acquired by Cerity Partners LLC

Cerity Partners LLC grew its stake in NetEase, Inc. (NASDAQ:NTES) by 15.4% in the fourth quarter, Holdings Channel reports. The fund owned 5,813 shares of the technology company’s stock after purchasing an additional 775 shares during the period. Cerity Partners LLC’s holdings in NetEase were worth $542,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Private Trust Co. NA boosted its holdings in NetEase by 418.9% during the 4th quarter. Private Trust Co. NA now owns 275 shares of the technology company’s stock valued at $26,000 after acquiring an additional 222 shares during the period. Chilton Capital Management LLC purchased a new stake in NetEase during the fourth quarter worth approximately $37,000. Headlands Technologies LLC purchased a new stake in NetEase during the third quarter worth approximately $56,000. Huntington National Bank lifted its stake in NetEase by 31.4% during the third quarter. Huntington National Bank now owns 678 shares of the technology company’s stock worth $68,000 after purchasing an additional 162 shares during the last quarter. Finally, CVA Family Office LLC purchased a new stake in NetEase during the fourth quarter worth approximately $65,000. 11.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NTES has been the topic of several research analyst reports. HSBC cut their price target on NetEase from $130.00 to $126.00 and set a “buy” rating on the stock in a research report on Wednesday. StockNews.com raised NetEase from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, March 26th. Finally, 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. Seven equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, NetEase presently has a consensus rating of “Buy” and an average price target of $126.00.

NetEase Stock Up 1.0 %

NTES opened at $94.02 on Thursday. The firm has a market cap of $60.62 billion, a P/E ratio of 14.85, a PEG ratio of 0.86 and a beta of 0.58. NetEase, Inc. has a 52 week low of $80.79 and a 52 week high of $118.89. The business’s fifty day simple moving average is $102.78 and its 200 day simple moving average is $103.09.

NetEase (NASDAQ:NTES) last posted its quarterly earnings data on Thursday, February 29th. The technology company reported $1.42 EPS for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.20). NetEase had a net margin of 28.39% and a return on equity of 24.36%. The company had revenue of $3.82 billion for the quarter, compared to analyst estimates of $3.96 billion. As a group, equities analysts expect that NetEase, Inc. will post 7.04 EPS 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 issued a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a dividend yield of 4.59%. This is an increase from NetEase’s previous quarterly dividend of $0.50. The ex-dividend date was Wednesday, March 13th. NetEase’s dividend payout ratio (DPR) is 68.09%.

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.