Stevens Capital Management LP Acquires Shares of 2,914 NetEase Inc (NTES)

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Stevens Capital Management LP acquired a new position in NetEase Inc (NASDAQ:NTES) in the 1st quarter, HoldingsChannel.com reports. The firm acquired 2,914 shares of the technology company’s stock, valued at approximately $704,000.

Several other large investors have also recently made changes to their positions in the company. QS Investors LLC increased its holdings in shares of NetEase by 7.1% in the fourth quarter. QS Investors LLC now owns 750 shares of the technology company’s stock valued at $177,000 after buying an additional 50 shares in the last quarter. BerganKDV Wealth Management LLC boosted its stake in shares of NetEase by 1.4% in the 4th quarter. BerganKDV Wealth Management LLC now owns 4,037 shares of the technology company’s stock valued at $950,000 after purchasing an additional 57 shares during the last quarter. Highstreet Asset Management Inc. boosted its stake in shares of NetEase by 4.5% in the 4th quarter. Highstreet Asset Management Inc. now owns 1,616 shares of the technology company’s stock valued at $380,000 after purchasing an additional 70 shares during the last quarter. Comerica Bank boosted its stake in shares of NetEase by 1.0% in the 4th quarter. Comerica Bank now owns 7,689 shares of the technology company’s stock valued at $1,831,000 after purchasing an additional 76 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its stake in shares of NetEase by 2.0% in the 1st quarter. Assenagon Asset Management S.A. now owns 5,200 shares of the technology company’s stock valued at $1,256,000 after purchasing an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 44.96% of the company’s stock.

Shares of NetEase stock traded down $7.69 during trading on Friday, reaching $271.42. 25,022 shares of the company traded hands, compared to its average volume of 723,871. NetEase Inc has a 1-year low of $184.60 and a 1-year high of $289.68. The company has a market capitalization of $34.41 billion, a PE ratio of 39.29, a PEG ratio of 25.62 and a beta of 0.81.

NetEase (NASDAQ:NTES) last released its earnings results on Wednesday, May 15th. The technology company reported $2.75 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.86 by $0.89. NetEase had a net margin of 10.94% and a return on equity of 17.46%. The company had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.73 billion. During the same quarter in the previous year, the company earned $1.59 EPS. NetEase’s quarterly revenue was up 23.0% compared to the same quarter last year. On average, analysts anticipate that NetEase Inc will post 7.31 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 31st will be given a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date is Thursday, May 30th. This is an increase from NetEase’s previous quarterly dividend of $0.48. NetEase’s payout ratio is presently 27.80%.

NTES has been the topic of a number of analyst reports. ValuEngine lowered shares of NetEase from a “buy” rating to a “hold” rating in a research note on Monday, February 4th. Zacks Investment Research raised shares of NetEase from a “hold” rating to a “strong-buy” rating and set a $289.00 price objective on the stock in a research note on Wednesday, February 6th. Jefferies Financial Group lowered shares of NetEase from a “buy” rating to a “hold” rating and set a $245.00 price objective on the stock. in a research note on Thursday, February 21st. BidaskClub raised shares of NetEase from a “hold” rating to a “buy” rating in a research note on Thursday, March 14th. Finally, TH Capital boosted their target price on shares of NetEase from $270.00 to $310.00 and gave the company a “buy” rating in a research report on Monday. Three investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $278.45.

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NetEase Company Profile

NetEase, Inc operates an interactive online community in the People's Republic of China. The company operates in four segments: Online Games Services, E-Commerce, Advertising Services, and Innovative Businesses and Other Services. It offers various games in a range of genres through mobile devices and PCs, including role-playing games, MMORPGs, battle arena games, simulation games, collectible card games, first-person shooter games, sandbox games, and other types of games to the Chinese market.

Further Reading: Dividend

Want to see what other hedge funds are holding NTES? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NetEase Inc (NASDAQ:NTES).

Institutional Ownership by Quarter for NetEase (NASDAQ:NTES)

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