CVA Family Office LLC Takes Position in NetEase, Inc. (NASDAQ:NTES)

CVA Family Office LLC bought a new position in NetEase, Inc. (NASDAQ:NTES) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 700 shares of the technology company’s stock, valued at approximately $65,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NTES. Pinpoint Asset Management Ltd purchased a new stake in shares of NetEase in the first quarter worth $42,000. First Capital Advisors Group LLC. purchased a new stake in NetEase in the 2nd quarter worth $47,000. Huntington National Bank raised its holdings in NetEase by 27.4% during the second quarter. Huntington National Bank now owns 516 shares of the technology company’s stock valued at $50,000 after acquiring an additional 111 shares during the period. Headlands Technologies LLC purchased a new position in shares of NetEase in the third quarter valued at about $56,000. Finally, Atlas Capital Advisors LLC bought a new position in shares of NetEase in the second quarter worth about $58,000. 11.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com raised NetEase from a “buy” rating to a “strong-buy” rating in a report on Tuesday. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, NetEase presently has a consensus rating of “Buy” and a consensus price target of $126.00.

NetEase Trading Down 0.5 %

Shares of NTES opened at $103.69 on Thursday. The company’s fifty day simple moving average is $104.42 and its 200-day simple moving average is $103.68. The company has a market cap of $66.85 billion, a P/E ratio of 16.38, a P/E/G ratio of 0.90 and a beta of 0.59. NetEase, Inc. has a twelve month low of $80.79 and a twelve month high of $118.89.

NetEase (NASDAQ:NTES) last announced its quarterly earnings data on Thursday, February 29th. The technology company reported $1.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.62 by ($0.20). The firm had revenue of $3.82 billion during the quarter, compared to the consensus estimate of $3.96 billion. NetEase had a return on equity of 24.36% and a net margin of 28.39%. Analysts predict that NetEase, Inc. will post 7.19 earnings per share for the current fiscal year.

NetEase Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 28th. Investors of record on Thursday, March 14th will be issued a dividend of $1.08 per share. This is a positive change from NetEase’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Wednesday, March 13th. This represents a $4.32 dividend on an annualized basis and a yield of 4.17%. NetEase’s dividend payout ratio (DPR) is presently 68.09%.

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.