Gladstone Institutional Advisory LLC Makes New $549,000 Investment in NetEase, Inc. (NASDAQ:NTES)

Gladstone Institutional Advisory LLC bought a new position in NetEase, Inc. (NASDAQ:NTES) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 5,894 shares of the technology company’s stock, valued at approximately $549,000.

Other hedge funds have also bought and sold shares of the company. Independent Advisor Alliance purchased a new stake in shares of NetEase during the 4th quarter valued at about $1,902,000. Navellier & Associates Inc. purchased a new stake in shares of NetEase during the 4th quarter valued at about $1,511,000. Panagora Asset Management Inc. increased its position in shares of NetEase by 4.7% during the 4th quarter. Panagora Asset Management Inc. now owns 12,771 shares of the technology company’s stock valued at $1,190,000 after purchasing an additional 570 shares during the last quarter. Quadrant Capital Group LLC increased its position in shares of NetEase by 23.2% during the 4th quarter. Quadrant Capital Group LLC now owns 5,562 shares of the technology company’s stock valued at $518,000 after purchasing an additional 1,046 shares during the last quarter. Finally, Baader Bank Aktiengesellschaft purchased a new stake in shares of NetEase during the 4th quarter valued at about $891,000. Hedge funds and other institutional investors own 11.07% of the company’s stock.

NetEase Price Performance

NTES stock opened at $98.36 on Thursday. NetEase, Inc. has a 1-year low of $80.79 and a 1-year high of $118.89. The company has a market capitalization of $63.41 billion, a price-to-earnings ratio of 15.54, a PEG ratio of 0.90 and a beta of 0.58. The business has a 50 day simple moving average of $99.05 and a two-hundred day simple moving average of $102.10.

NetEase (NASDAQ:NTES) last posted its quarterly 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 return on equity of 24.36% and a net margin of 28.39%. The business had revenue of $3.82 billion during the quarter, compared to the consensus estimate of $3.96 billion. Sell-side analysts anticipate that NetEase, Inc. will post 7.07 EPS for the current fiscal year.

NetEase Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were given a dividend of $1.08 per share. This is an increase from NetEase’s previous quarterly dividend of $0.50. This represents a $4.32 dividend on an annualized basis and a dividend yield of 4.39%. The ex-dividend date of this dividend was Wednesday, March 13th. NetEase’s dividend payout ratio is currently 68.09%.

Analyst Upgrades and Downgrades

NTES has been the subject of a number of recent research reports. HSBC cut their price objective on NetEase from $130.00 to $126.00 and set a “buy” rating for the company in a research note on Wednesday, April 24th. StockNews.com downgraded NetEase from a “strong-buy” rating to a “buy” rating in a research note on Thursday, May 16th. Finally, Morgan Stanley cut their price objective on NetEase from $135.00 to $120.00 and set an “overweight” rating for the company in a research note on Friday, April 12th. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $126.00.

About NetEase

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.