42,791 Shares in NetEase, Inc. (NASDAQ:NTES) Purchased by SVB Wealth LLC

SVB Wealth LLC bought a new stake in NetEase, Inc. (NASDAQ:NTES) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 42,791 shares of the technology company’s stock, valued at approximately $3,817,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Brooklyn Investment Group purchased a new stake in shares of NetEase in the 4th quarter valued at $34,000. UMB Bank n.a. lifted its position in NetEase by 33.3% during the fourth quarter. UMB Bank n.a. now owns 444 shares of the technology company’s stock valued at $40,000 after purchasing an additional 111 shares during the period. RPg Family Wealth Advisory LLC purchased a new stake in NetEase in the third quarter valued at $70,000. Allspring Global Investments Holdings LLC acquired a new stake in NetEase during the 3rd quarter worth about $76,000. Finally, Avior Wealth Management LLC raised its stake 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 during the last quarter. Institutional investors and hedge funds own 11.07% of the company’s stock.

NetEase Stock Performance

Shares of NASDAQ NTES opened at $99.72 on Friday. The firm has a fifty day moving average of $98.52 and a 200 day moving average of $90.14. The firm has a market cap of $64.04 billion, a PE ratio of 15.65, a PEG ratio of 3.37 and a beta of 0.58. NetEase, Inc. has a one year low of $75.85 and a one year high of $113.50.

NetEase (NASDAQ:NTES) last released its 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 business had revenue of $3.66 billion during the quarter, compared to analysts’ expectations of $27.16 billion. On average, equities analysts predict that NetEase, Inc. will post 6.91 EPS for the current fiscal year.

NetEase Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be issued a dividend of $0.435 per share. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $1.74 dividend on an annualized basis and a dividend yield of 1.74%. NetEase’s payout ratio is currently 76.45%.

Analysts Set New Price Targets

NTES has been the topic of a number of recent research reports. Barclays upped their target price on NetEase from $82.00 to $104.00 and gave the stock an “equal weight” rating in a research note on Monday, February 24th. StockNews.com lowered NetEase from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 6th. Bank of America lifted their target price on shares of NetEase from $120.00 to $122.00 and gave the company a “buy” rating in a report on Wednesday, January 15th. Morgan Stanley increased their price target on shares of NetEase from $108.00 to $117.00 and gave the stock an “overweight” rating in a report on Wednesday, February 12th. Finally, Citigroup lifted their price objective on shares of NetEase from $108.00 to $115.00 and gave the company a “buy” rating in a report on Friday, November 15th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, NetEase presently has a consensus rating of “Moderate Buy” and an average target price of $114.57.

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.