Schroder Investment Management Group Buys 648 Shares of NetEase, Inc. (NASDAQ:NTES)

Schroder Investment Management Group boosted its stake in shares of NetEase, Inc. (NASDAQ:NTES) by 5.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 12,885 shares of the technology company’s stock after buying an additional 648 shares during the period. Schroder Investment Management Group’s holdings in NetEase were worth $1,149,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of NTES. Farther Finance Advisors LLC boosted its position in shares of NetEase by 81.7% during the 4th quarter. Farther Finance Advisors LLC now owns 338 shares of the technology company’s stock valued at $30,000 after acquiring an additional 152 shares during the last quarter. Brooklyn Investment Group bought a new position in NetEase during the fourth quarter valued at $34,000. UMB Bank n.a. grew its stake in shares of NetEase by 33.3% in the 4th quarter. UMB Bank n.a. now owns 444 shares of the technology company’s stock worth $40,000 after buying an additional 111 shares in the last quarter. Live Oak Investment Partners bought a new stake in shares of NetEase in the 4th quarter worth about $62,000. Finally, Avior Wealth Management LLC raised its position in shares of NetEase by 148.9% during the 4th quarter. Avior Wealth Management LLC now owns 993 shares of the technology company’s stock valued at $89,000 after buying an additional 594 shares in the last quarter. 11.07% of the stock is currently owned by institutional investors.

NetEase Stock Down 6.6 %

Shares of NetEase stock opened at $92.35 on Tuesday. The stock’s fifty day moving average is $102.19 and its two-hundred day moving average is $93.83. NetEase, Inc. has a 52 week low of $75.85 and a 52 week high of $110.15. The company has a market capitalization of $59.30 billion, a PE ratio of 14.50, a price-to-earnings-growth ratio of 3.37 and a beta of 0.65.

NetEase (NASDAQ:NTES) last posted its quarterly earnings results on Thursday, February 20th. The technology company reported $1.87 EPS for the quarter, topping analysts’ consensus estimates of $1.73 by $0.14. NetEase had a net margin of 28.17% and a return on equity of 22.12%. The firm had revenue of $3.66 billion for the quarter, compared to analysts’ expectations of $27.16 billion. As a group, research analysts anticipate that NetEase, Inc. will post 6.91 earnings per share for the current year.

NetEase Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th were given a dividend of $0.435 per share. This represents a $1.74 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date was Thursday, March 6th. NetEase’s dividend payout ratio (DPR) is presently 76.45%.

Analyst Ratings Changes

NTES has been the subject of several recent research reports. Benchmark lifted their price target on NetEase from $105.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Morgan Stanley lifted their target price on NetEase from $108.00 to $117.00 and gave the stock an “overweight” rating in a report on Wednesday, February 12th. Barclays increased their price target on NetEase from $82.00 to $104.00 and gave the company an “equal weight” rating in a report on Monday, February 24th. Finally, Bank of America lifted their price objective on shares of NetEase from $120.00 to $122.00 and gave the stock a “buy” rating in a research note on Wednesday, January 15th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $114.57.

About NetEase

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.