US Bancorp DE Buys 918 Shares of NetEase, Inc. (NASDAQ:NTES)

US Bancorp DE raised its position in shares of NetEase, Inc. (NASDAQ:NTES) by 14.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,291 shares of the technology company’s stock after purchasing an additional 918 shares during the period. US Bancorp DE’s holdings in NetEase were worth $650,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Brooklyn Investment Group acquired a new stake in NetEase in the fourth quarter valued at $34,000. UMB Bank n.a. boosted its position in shares of NetEase by 33.3% during the 4th quarter. UMB Bank n.a. now owns 444 shares of the technology company’s stock worth $40,000 after purchasing an additional 111 shares in the last quarter. RPg Family Wealth Advisory LLC bought a new position in shares of NetEase during the 3rd quarter worth about $70,000. Avior Wealth Management LLC raised its holdings in shares of NetEase by 148.9% in the 4th quarter. Avior Wealth Management LLC now owns 993 shares of the technology company’s stock worth $89,000 after acquiring an additional 594 shares during the last quarter. Finally, Empowered Funds LLC purchased a new stake in NetEase in the 4th quarter valued at about $174,000. 11.07% of the stock is currently owned by institutional investors and hedge funds.

NetEase Trading Up 2.0 %

NTES opened at $104.42 on Wednesday. The company has a market capitalization of $67.05 billion, a PE ratio of 16.39, a PEG ratio of 3.37 and a beta of 0.61. NetEase, Inc. has a 1-year low of $75.85 and a 1-year high of $111.12. The firm’s 50 day simple moving average is $99.98 and its two-hundred day simple moving average is $90.81.

NetEase (NASDAQ:NTES) last announced its quarterly earnings data on Thursday, February 20th. The technology company reported $1.87 EPS for the quarter, beating the consensus estimate of $1.73 by $0.14. The firm had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $27.16 billion. NetEase had a net margin of 28.17% and a return on equity of 22.12%. Equities analysts forecast that NetEase, Inc. will post 6.91 earnings per share for the current fiscal year.

NetEase Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be paid a $0.435 dividend. The ex-dividend date is Thursday, March 6th. This represents a $1.74 dividend on an annualized basis and a dividend yield of 1.67%. NetEase’s payout ratio is currently 76.45%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on NTES. Benchmark raised their price target on shares of NetEase from $105.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Bank of America raised their price target on shares of NetEase from $120.00 to $122.00 and gave the company a “buy” rating in a report on Wednesday, January 15th. Morgan Stanley upped their target price on shares of NetEase from $108.00 to $117.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 12th. Barclays boosted their price target on shares of NetEase from $82.00 to $104.00 and gave the stock an “equal weight” rating in a research note on Monday, February 24th. Finally, StockNews.com downgraded shares of NetEase from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 6th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, NetEase presently has a consensus rating of “Moderate Buy” and an average target price of $114.57.

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.