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

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

Other institutional investors have also bought and sold shares of the company. Brooklyn Investment Group purchased a new position in shares of NetEase during the 4th quarter worth $34,000. UMB Bank n.a. increased 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 worth $40,000 after purchasing an additional 111 shares during the last quarter. RPg Family Wealth Advisory LLC purchased a new position in NetEase during the third quarter worth about $70,000. Allspring Global Investments Holdings LLC acquired a new position in NetEase in the 3rd quarter valued at about $76,000. Finally, Avior Wealth Management LLC grew its stake in shares of NetEase by 148.9% in 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 period. 11.07% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

NTES has been the topic of several analyst reports. Bank of America lifted their price target on shares of NetEase from $120.00 to $122.00 and gave the company a “buy” rating in a research report on Wednesday, January 15th. Citigroup upped their price target on NetEase from $108.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, November 15th. StockNews.com downgraded NetEase from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 6th. Morgan Stanley boosted their price objective on shares of NetEase from $108.00 to $117.00 and gave the company an “overweight” rating in a report on Wednesday, February 12th. Finally, Benchmark increased their target price on shares of NetEase from $105.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $114.57.

NetEase Trading Down 0.7 %

Shares of NASDAQ NTES opened at $99.72 on Friday. The stock has a market capitalization 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 twelve month low of $75.85 and a twelve month high of $113.50. The stock has a fifty day simple moving average of $98.52 and a 200-day simple moving average of $90.14.

NetEase (NASDAQ:NTES) last released its earnings results on Thursday, February 20th. The technology company reported $1.87 earnings per share for the quarter, beating the consensus estimate of $1.73 by $0.14. The company had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $27.16 billion. NetEase had a return on equity of 22.12% and a net margin of 28.17%. On average, equities analysts predict that NetEase, Inc. will post 6.91 earnings per share for the current year.

NetEase Announces Dividend

The firm 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 yield of 1.74%. NetEase’s dividend payout ratio (DPR) is presently 76.45%.

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.