Vestmark Advisory Solutions Inc. Buys 189 Shares of NetEase, Inc. (NASDAQ:NTES)

Vestmark Advisory Solutions Inc. increased its stake in shares of NetEase, Inc. (NASDAQ:NTES) by 7.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 2,755 shares of the technology company’s stock after buying an additional 189 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in NetEase were worth $257,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. ABS Direct Equity Fund LLC bought a new position in shares of NetEase during the fourth quarter worth approximately $289,000. M&T Bank Corp lifted its holdings in shares of NetEase by 12.4% during the fourth quarter. M&T Bank Corp now owns 18,820 shares of the technology company’s stock worth $1,753,000 after buying an additional 2,075 shares in the last quarter. Benjamin F. Edwards & Company Inc. grew its stake in shares of NetEase by 14.2% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 1,830 shares of the technology company’s stock valued at $171,000 after acquiring an additional 227 shares in the last quarter. Natixis Advisors L.P. increased its position in NetEase by 5.8% during the fourth quarter. Natixis Advisors L.P. now owns 138,960 shares of the technology company’s stock worth $12,945,000 after acquiring an additional 7,616 shares during the period. Finally, First Trust Direct Indexing L.P. raised its stake in NetEase by 7.8% in the 4th quarter. First Trust Direct Indexing L.P. now owns 5,950 shares of the technology company’s stock worth $554,000 after purchasing an additional 432 shares in the last quarter. Institutional investors and hedge funds own 11.07% of the company’s stock.

NetEase Stock Down 4.8 %

NASDAQ:NTES opened at $96.93 on Wednesday. NetEase, Inc. has a twelve month low of $80.79 and a twelve month high of $118.89. The stock’s 50-day simple moving average is $100.76 and its 200 day simple moving average is $102.59. The firm has a market capitalization of $62.49 billion, a PE ratio of 15.31, a price-to-earnings-growth ratio of 0.94 and a beta of 0.58.

NetEase (NASDAQ:NTES) last posted its quarterly earnings results on Thursday, February 29th. The technology company reported $1.42 earnings per share for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.20). The company had revenue of $3.82 billion during the quarter, compared to analyst estimates of $3.96 billion. NetEase had a net margin of 28.39% and a return on equity of 24.36%. On average, analysts anticipate that NetEase, Inc. will post 7.04 EPS for the current fiscal year.

NetEase Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were issued a dividend of $1.08 per share. The ex-dividend date of this dividend was Wednesday, March 13th. This is an increase from NetEase’s previous quarterly dividend of $0.50. This represents a $4.32 annualized dividend and a dividend yield of 4.46%. NetEase’s dividend payout ratio is 67.93%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on NTES shares. HSBC lowered their target price on shares of NetEase from $130.00 to $126.00 and set a “buy” rating on the stock in a report on Wednesday, April 24th. Morgan Stanley dropped their price objective on NetEase from $135.00 to $120.00 and set an “overweight” rating for the company in a report on Friday, April 12th. Finally, StockNews.com cut shares of NetEase from a “strong-buy” rating to a “buy” rating in a research report on Monday, April 29th. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $126.00.

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.