Belpointe Asset Management LLC Invests $39,000 in NetEase, Inc. (NASDAQ:NTES)

Belpointe Asset Management LLC acquired a new position in NetEase, Inc. (NASDAQ:NTES – Get Rating) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 531 shares of the technology company’s stock, valued at approximately $39,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Mondrian Investment Partners LTD purchased a new position in NetEase during the fourth quarter valued at $39,000. FourThought Financial LLC grew its stake in NetEase by 86.6% during the third quarter. FourThought Financial LLC now owns 698 shares of the technology company’s stock valued at $53,000 after acquiring an additional 324 shares in the last quarter. Hollencrest Capital Management bought a new position in NetEase during the fourth quarter valued at $67,000. FNY Investment Advisers LLC lifted its position in NetEase by 105.3% during the fourth quarter. FNY Investment Advisers LLC now owns 1,000 shares of the technology company’s stock valued at $72,000 after purchasing an additional 513 shares during the last quarter. Finally, Boston Partners lifted its position in NetEase by 0.4% during the third quarter. Boston Partners now owns 59,968 shares of the technology company’s stock valued at $80,000 after purchasing an additional 259 shares during the last quarter. 13.50% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NTES has been the subject of several research reports. Citigroup increased their price objective on shares of NetEase from $100.00 to $115.00 and gave the company a “buy” rating in a research report on Monday, February 27th. StockNews.com started coverage on shares of NetEase in a research report on Thursday, May 18th. They set a “buy” rating for the company. Finally, JPMorgan Chase & Co. upgraded shares of NetEase from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $85.00 to $100.00 in a report on Tuesday, February 28th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $108.80.

NetEase Trading Up 2.7 %

Shares of NTES opened at $85.73 on Friday. NetEase, Inc. has a 1-year low of $53.09 and a 1-year high of $108.77. The company has a 50-day moving average of $88.56 and a 200 day moving average of $81.99. The firm has a market capitalization of $56.13 billion, a price-to-earnings ratio of 18.84 and a beta of 0.50. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.32 and a quick ratio of 2.30.

NetEase (NASDAQ:NTES – Get Rating) last announced its quarterly earnings data on Thursday, February 23rd. The technology company reported $0.88 earnings per share for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.24). NetEase had a net margin of 20.99% and a return on equity of 18.49%. The company had revenue of $3.68 billion for the quarter, compared to the consensus estimate of $3.69 billion. On average, research analysts expect that NetEase, Inc. will post 4.71 EPS for the current year.

About NetEase

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NetEase, Inc is an internet technology company, which engages in the provision of premium online services centered around content, community, communication and commerce. It develops and operates some of the most popular PC-client and mobile games in China. The firm also operates some of the most popular international online games in China by partnering with Blizzard Entertainment, Mojang AB (a Microsoft subsidiary) and other global game developers.