Quantbot Technologies LP Takes $613,000 Position in NetEase, Inc. (NASDAQ:NTES)

Quantbot Technologies LP bought a new position in shares of NetEase, Inc. (NASDAQ:NTES) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 6,870 shares of the technology company’s stock, valued at approximately $613,000.

A number of other institutional investors have also made changes to their positions in NTES. Farther Finance Advisors LLC lifted its holdings in 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 purchasing an additional 152 shares during the last quarter. Brooklyn Investment Group acquired a new stake in shares of NetEase during the 4th quarter worth about $34,000. UMB Bank n.a. lifted its stake in shares of 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 buying an additional 111 shares during the last quarter. Live Oak Investment Partners bought a new stake in shares of NetEase during the 4th quarter worth about $62,000. Finally, RPg Family Wealth Advisory LLC acquired a new position in NetEase in the 3rd quarter valued at about $70,000. 11.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Benchmark raised their price objective on shares of 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 price target on NetEase from $108.00 to $117.00 and gave the stock an “overweight” rating in a report on Wednesday, February 12th. Bank of America upped their price objective on NetEase from $120.00 to $122.00 and gave the company 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. Finally, Barclays upped their price target on shares of NetEase from $82.00 to $104.00 and gave the company an “equal weight” rating in a research note on Monday, February 24th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $114.57.

NetEase Trading Up 1.0 %

NASDAQ NTES opened at $101.75 on Friday. The firm’s 50 day simple moving average is $102.03 and its 200 day simple moving average is $92.42. The firm has a market capitalization of $65.34 billion, a price-to-earnings ratio of 15.97, a P/E/G ratio of 3.37 and a beta of 0.61. NetEase, Inc. has a 1 year low of $75.85 and a 1 year high of $110.15.

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

NetEase Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th were paid a dividend of $0.435 per share. This represents a $1.74 annualized dividend and a yield of 1.71%. The ex-dividend date was Thursday, March 6th. NetEase’s payout ratio is 76.45%.

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.