Barclays PLC Has $7.88 Million Holdings in NetEase, Inc. (NASDAQ:NTES)

Barclays PLC cut its holdings in NetEase, Inc. (NASDAQ:NTESFree Report) by 3.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 78,645 shares of the technology company’s stock after selling 3,114 shares during the quarter. Barclays PLC’s holdings in NetEase were worth $7,877,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Financial Gravity Asset Management Inc. acquired a new position in NetEase in the second quarter valued at approximately $11,754,000. CWM LLC lifted its stake in NetEase by 59.9% in the second quarter. CWM LLC now owns 331 shares of the technology company’s stock valued at $32,000 after buying an additional 124 shares during the period. Pinpoint Asset Management Ltd acquired a new position in NetEase in the first quarter valued at approximately $42,000. First Capital Advisors Group LLC. acquired a new position in NetEase in the second quarter valued at approximately $47,000. Finally, Huntington National Bank raised its position in shares of NetEase by 27.4% during the second quarter. Huntington National Bank now owns 516 shares of the technology company’s stock worth $50,000 after purchasing an additional 111 shares during the period. 11.78% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. StockNews.com raised NetEase from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, November 22nd. Benchmark upped their target price on NetEase from $130.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, November 17th. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, NetEase currently has an average rating of “Buy” and an average target price of $126.00.

Get Our Latest Stock Report on NetEase

NetEase Price Performance

Shares of NASDAQ:NTES opened at $106.34 on Thursday. The company has a market capitalization of $68.56 billion, a PE ratio of 18.37, a price-to-earnings-growth ratio of 0.96 and a beta of 0.56. The business has a fifty day moving average price of $97.81 and a two-hundred day moving average price of $102.93. NetEase, Inc. has a 1 year low of $76.85 and a 1 year high of $118.89.

NetEase (NASDAQ:NTESGet Free Report) last announced its quarterly earnings data on Thursday, November 16th. The technology company reported $13.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $10.87 by $2.43. The firm had revenue of $27.27 billion during the quarter, compared to the consensus estimate of $27.26 billion. NetEase had a return on equity of 23.04% and a net margin of 26.21%. The business’s revenue for the quarter was up 13.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.43 EPS. Sell-side analysts anticipate that NetEase, Inc. will post 6.55 earnings per share for the current year.

NetEase Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were paid a dividend of $0.495 per share. The ex-dividend date was Thursday, November 30th. This represents a $1.98 annualized dividend and a dividend yield of 1.86%. NetEase’s payout ratio is 34.02%.

About NetEase

(Free Report)

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.

See Also

Institutional Ownership by Quarter for NetEase (NASDAQ:NTES)

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