NetEase, Inc. (NASDAQ:NTES) Shares Acquired by Natixis Advisors L.P.

Natixis Advisors L.P. grew its position in shares of NetEase, Inc. (NASDAQ:NTES) by 5.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 138,960 shares of the technology company’s stock after purchasing an additional 7,616 shares during the period. Natixis Advisors L.P.’s holdings in NetEase were worth $12,945,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Private Trust Co. NA increased its stake in NetEase by 418.9% during the fourth quarter. Private Trust Co. NA now owns 275 shares of the technology company’s stock worth $26,000 after purchasing an additional 222 shares during the period. Chilton Capital Management LLC purchased a new stake in NetEase during the 4th quarter worth approximately $37,000. Headlands Technologies LLC acquired a new stake in NetEase during the 3rd quarter worth approximately $56,000. CVA Family Office LLC purchased a new position in NetEase in the 4th quarter valued at approximately $65,000. Finally, Huntington National Bank grew its stake in shares of NetEase by 31.4% in the third quarter. Huntington National Bank now owns 678 shares of the technology company’s stock worth $68,000 after acquiring an additional 162 shares in the last quarter. 11.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on NTES shares. Morgan Stanley reduced their price objective on NetEase from $135.00 to $120.00 and set an “overweight” rating on the stock in a research note on Friday, April 12th. HSBC lowered their price objective on NetEase from $130.00 to $126.00 and set a “buy” rating for the company in a research report on Wednesday, April 24th. Finally, StockNews.com cut shares of NetEase from a “strong-buy” rating to a “buy” rating in a report on Monday, April 29th. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $126.00.

NetEase Trading Down 4.8 %

Shares of NASDAQ:NTES opened at $96.93 on Wednesday. The firm has a 50 day simple moving average of $100.76 and a 200-day simple moving average of $102.59. NetEase, Inc. has a twelve month low of $80.79 and a twelve month high of $118.89. The company has a market capitalization of $62.49 billion, a PE ratio of 15.31, a P/E/G ratio of 0.94 and a beta of 0.58.

NetEase (NASDAQ:NTES) last announced its quarterly earnings results on Thursday, February 29th. The technology company reported $1.42 earnings per share for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $3.96 billion. As a group, equities research analysts predict that NetEase, Inc. will post 7.04 EPS for the current fiscal year.

NetEase Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were given a $1.08 dividend. The ex-dividend date was Wednesday, March 13th. This is a boost from NetEase’s previous quarterly dividend of $0.50. This represents a $4.32 dividend on an annualized basis and a dividend yield of 4.46%. NetEase’s dividend payout ratio is 67.93%.

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.