Vestmark Advisory Solutions Inc. Purchases 2,579 Shares of NetEase, Inc. (NASDAQ:NTES)

Vestmark Advisory Solutions Inc. raised its stake in shares of NetEase, Inc. (NASDAQ:NTES) by 94.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,296 shares of the technology company’s stock after purchasing an additional 2,579 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in NetEase were worth $472,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Brooklyn Investment Group bought a new position in NetEase during the 4th quarter worth $34,000. UMB Bank n.a. raised its position in NetEase by 33.3% during the 4th 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. Live Oak Investment Partners bought a new position in NetEase during the 4th quarter worth $62,000. RPg Family Wealth Advisory LLC bought a new position in NetEase during the 3rd quarter worth $70,000. Finally, Avior Wealth Management LLC raised its position in NetEase by 148.9% during the 4th quarter. Avior Wealth Management LLC now owns 993 shares of the technology company’s stock worth $89,000 after purchasing an additional 594 shares during the last quarter. 11.07% of the stock is owned by institutional investors.

NetEase Price Performance

Shares of NTES opened at $102.78 on Friday. The stock has a 50-day moving average of $99.41 and a 200-day moving average of $90.52. The company has a market cap of $66.00 billion, a PE ratio of 16.14, a P/E/G ratio of 3.37 and a beta of 0.61. NetEase, Inc. has a one year low of $75.85 and a one year high of $111.12.

NetEase (NASDAQ:NTES) last issued its earnings results on Thursday, February 20th. The technology company reported $1.87 EPS 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%. Analysts expect 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. Stockholders of record on Thursday, March 6th will be paid a $0.435 dividend. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $1.74 annualized dividend and a dividend yield of 1.69%. NetEase’s dividend payout ratio is presently 76.45%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on NTES. Barclays raised their target price on NetEase from $82.00 to $104.00 and gave the stock an “equal weight” rating in a research report on Monday, February 24th. Bank of America increased their price target on NetEase from $120.00 to $122.00 and gave the stock a “buy” rating in a report on Wednesday, January 15th. StockNews.com downgraded NetEase from a “strong-buy” rating to a “buy” rating in a report on Friday, December 6th. Benchmark increased their price target on NetEase from $105.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Finally, Citigroup increased their price target on NetEase from $108.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, November 15th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $114.57.

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.