NetEase, Inc. (NASDAQ:NTES) Shares Purchased by Logan Capital Management Inc.

Logan Capital Management Inc. boosted its holdings in shares of NetEase, Inc. (NASDAQ:NTESFree Report) by 12.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,633 shares of the technology company’s stock after purchasing an additional 2,037 shares during the period. Logan Capital Management Inc.’s holdings in NetEase were worth $1,736,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Private Trust Co. NA lifted 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 valued at $26,000 after purchasing an additional 222 shares during the period. Chilton Capital Management LLC acquired a new stake in shares of NetEase in the fourth quarter valued at about $37,000. USA Financial Formulas raised its position in shares of NetEase by 1,153.1% in the fourth quarter. USA Financial Formulas now owns 401 shares of the technology company’s stock valued at $37,000 after buying an additional 369 shares during the last quarter. Headlands Technologies LLC acquired a new position in NetEase during the third quarter worth $56,000. Finally, CVA Family Office LLC purchased a new position in shares of NetEase during the 4th quarter worth $65,000. 11.07% of the stock is owned by hedge funds and other institutional investors.

NetEase Trading Up 0.3 %

NetEase stock opened at $94.16 on Tuesday. The firm has a market capitalization of $60.47 billion, a P/E ratio of 14.60, a P/E/G ratio of 1.82 and a beta of 0.52. The stock’s fifty day simple moving average is $95.59 and its 200-day simple moving average is $99.89. NetEase, Inc. has a twelve month low of $81.30 and a twelve month high of $118.89.

NetEase (NASDAQ:NTESGet Free Report) last issued its quarterly earnings results on Thursday, May 23rd. The technology company reported $1.63 earnings per share for the quarter, missing the consensus estimate of $1.68 by ($0.05). The company had revenue of $3.72 billion for the quarter, compared to analysts’ expectations of $3.61 billion. NetEase had a return on equity of 24.19% and a net margin of 28.75%. Sell-side analysts predict that NetEase, Inc. will post 6.86 earnings per share for the current year.

NetEase Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Thursday, June 6th will be issued a $0.495 dividend. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $1.98 annualized dividend and a yield of 2.10%. NetEase’s dividend payout ratio (DPR) is 30.54%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on NTES. Benchmark upped their price objective on shares of NetEase from $144.00 to $145.00 and gave the stock a “buy” rating in a report on Friday, May 24th. HSBC decreased their price target on NetEase from $130.00 to $126.00 and set a “buy” rating on the stock in a research note on Wednesday, April 24th. StockNews.com cut NetEase from a “strong-buy” rating to a “buy” rating in a research note on Thursday, May 16th. Finally, Morgan Stanley reissued an “equal weight” rating and set a $100.00 target price (down previously from $120.00) on shares of NetEase in a research note on Thursday, May 23rd. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $125.71.

Read Our Latest Analysis on NTES

NetEase Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for NetEase (NASDAQ:NTES)

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