NetEase, Inc. (NASDAQ:NTES) Shares Purchased by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC raised its holdings in NetEase, Inc. (NASDAQ:NTESGet Rating) by 76.5% during the third quarter, Holdings Channel.com reports. The firm owned 6,566 shares of the technology company’s stock after purchasing an additional 2,845 shares during the quarter. Janney Montgomery Scott LLC’s holdings in NetEase were worth $496,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in NetEase in the 2nd quarter valued at approximately $31,000. James Investment Research Inc. purchased a new stake in NetEase in the 2nd quarter valued at approximately $34,000. FNY Investment Advisers LLC boosted its stake in shares of NetEase by 549.3% during the 3rd quarter. FNY Investment Advisers LLC now owns 487 shares of the technology company’s stock worth $36,000 after acquiring an additional 412 shares in the last quarter. CWM LLC boosted its stake in shares of NetEase by 127.7% during the 2nd quarter. CWM LLC now owns 444 shares of the technology company’s stock worth $41,000 after acquiring an additional 249 shares in the last quarter. Finally, Strs Ohio purchased a new stake in shares of NetEase during the 2nd quarter worth approximately $56,000. Hedge funds and other institutional investors own 13.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on NTES. Morgan Stanley boosted their price target on NetEase from $85.00 to $95.00 in a research note on Wednesday, December 14th. Citigroup lifted their price objective on NetEase from $98.00 to $100.00 and gave the stock a “buy” rating in a research report on Friday, November 18th. StockNews.com downgraded NetEase from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 13th. TheStreet upgraded NetEase from a “c+” rating to a “b-” rating in a research report on Wednesday. Finally, HSBC cut their price objective on NetEase from $122.00 to $105.00 and set a “buy” rating for the company in a research report on Friday, November 18th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $109.14.

NetEase Trading Down 0.2 %

Shares of NTES opened at $89.09 on Monday. The stock has a fifty day moving average of $74.05 and a two-hundred day moving average of $78.37. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.29 and a current ratio of 2.31. The company has a market capitalization of $58.33 billion, a PE ratio of 17.78, a price-to-earnings-growth ratio of 1.56 and a beta of 0.40. NetEase, Inc. has a fifty-two week low of $53.09 and a fifty-two week high of $108.77.

NetEase (NASDAQ:NTESGet Rating) last issued its quarterly earnings results on Thursday, November 17th. The technology company reported $1.43 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.46. The company had revenue of $3.43 billion during the quarter, compared to the consensus estimate of $3.40 billion. NetEase had a return on equity of 20.59% and a net margin of 22.99%. As a group, analysts forecast that NetEase, Inc. will post 4.7 EPS for the current year.

NetEase Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 16th. Stockholders of record on Friday, December 2nd were issued a dividend of $0.435 per share. This represents a $1.74 dividend on an annualized basis and a dividend yield of 1.95%. This is an increase from NetEase’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend was Thursday, December 1st. NetEase’s dividend payout ratio is presently 34.53%.

NetEase Company Profile

(Get Rating)

NetEase, Inc provides online services focusing on diverse content, community, communication, and commerce in the Peoples' Republic of China and internationally. The company operates in three segments: Online Game Services, Youdao, Cloud Music, and Innovative Businesses and Others. It develops and operates PC and mobile games, as well as offers games licensed from other game developers.

Read More

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:NTESGet Rating).

Institutional Ownership by Quarter for NetEase (NASDAQ:NTES)

Receive News & Ratings for NetEase Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NetEase and related companies with MarketBeat.com's FREE daily email newsletter.