3,288 Shares in NetEase, Inc. (NASDAQ:NTES) Acquired by Ausdal Financial Partners Inc.

Ausdal Financial Partners Inc. purchased a new stake in shares of NetEase, Inc. (NASDAQ:NTES) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 3,288 shares of the technology company’s stock, valued at approximately $293,000.

Several other large investors have also recently made changes to their positions in the business. Farther Finance Advisors LLC boosted its stake in shares of NetEase by 81.7% in 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 in the last quarter. Brooklyn Investment Group purchased a new stake in NetEase during the fourth quarter valued at about $34,000. UMB Bank n.a. boosted 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 buying an additional 111 shares during the period. Live Oak Investment Partners bought a new position in shares of NetEase during the fourth quarter valued at about $62,000. Finally, Avior Wealth Management LLC increased its holdings in shares of NetEase by 148.9% in the fourth quarter. Avior Wealth Management LLC now owns 993 shares of the technology company’s stock worth $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.

NetEase Trading Down 1.0 %

NTES opened at $100.72 on Friday. The company has a market cap of $64.68 billion, a price-to-earnings ratio of 15.81, a price-to-earnings-growth ratio of 3.37 and a beta of 0.61. The stock has a fifty day simple moving average of $102.05 and a two-hundred day simple moving average of $92.58. NetEase, Inc. has a 12-month low of $75.85 and a 12-month high of $110.15.

NetEase (NASDAQ:NTES) last announced its quarterly earnings data on Thursday, February 20th. The technology company reported $1.87 earnings per share 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 for the quarter, compared to analysts’ expectations of $27.16 billion. On average, analysts predict that NetEase, Inc. will post 6.91 EPS for the current year.

NetEase Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors 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 yield of 1.73%. The ex-dividend date was Thursday, March 6th. NetEase’s dividend payout ratio (DPR) is presently 76.45%.

Analysts Set New Price Targets

A number of research firms recently commented on NTES. StockNews.com lowered shares of NetEase from a “strong-buy” rating to a “buy” rating in a report on Friday, December 6th. Barclays upped their price objective 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. Bank of America boosted their price target on NetEase from $120.00 to $122.00 and gave the company a “buy” rating in a report on Wednesday, January 15th. Benchmark increased their price objective on NetEase from $105.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Finally, Morgan Stanley boosted their target price on NetEase from $108.00 to $117.00 and gave the company an “overweight” rating in a research note on Wednesday, February 12th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average 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.