Daiwa Securities Group Inc. Purchases 2,285 Shares of NetEase, Inc. (NASDAQ:NTES)

Daiwa Securities Group Inc. raised its stake in NetEase, Inc. (NASDAQ:NTES) by 28.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,444 shares of the technology company’s stock after acquiring an additional 2,285 shares during the period. Daiwa Securities Group Inc.’s holdings in NetEase were worth $973,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Private Trust Co. NA grew its position in NetEase by 418.9% in the fourth quarter. Private Trust Co. NA now owns 275 shares of the technology company’s stock valued at $26,000 after acquiring an additional 222 shares during the period. Chilton Capital Management LLC bought a new stake in NetEase in the fourth quarter valued at $37,000. Headlands Technologies LLC bought a new stake in NetEase in the third quarter valued at $56,000. CVA Family Office LLC bought a new stake in NetEase in the fourth quarter valued at $65,000. Finally, Huntington National Bank grew its position in NetEase by 31.4% in the third quarter. Huntington National Bank now owns 678 shares of the technology company’s stock valued at $68,000 after acquiring an additional 162 shares during the period. 11.07% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on NTES shares. HSBC decreased their target price on NetEase from $130.00 to $126.00 and set a “buy” rating on the stock in a report on Wednesday. Morgan Stanley decreased their target price on NetEase from $135.00 to $120.00 and set an “overweight” rating on the stock in a report on Friday, April 12th. Finally, StockNews.com upgraded NetEase from a “buy” rating to a “strong-buy” rating in a report on Tuesday, March 26th. Seven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $126.00.

NetEase Stock Up 1.0 %

Shares of NTES opened at $94.02 on Thursday. NetEase, Inc. has a 12-month low of $80.79 and a 12-month high of $118.89. The stock’s fifty day simple moving average is $102.78 and its 200-day simple moving average is $103.09. The firm has a market capitalization of $60.62 billion, a PE ratio of 14.85, a price-to-earnings-growth ratio of 0.85 and a beta of 0.58.

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

NetEase Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were issued a $1.08 dividend. 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 4.59%. The ex-dividend date was Wednesday, March 13th. NetEase’s dividend payout ratio is 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.