Aurora Investment Counsel Has $2.38 Million Holdings in NetEase, Inc. (NASDAQ:NTES)

Aurora Investment Counsel trimmed its holdings in NetEase, Inc. (NASDAQ:NTES) by 1.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,198 shares of the technology company’s stock after selling 333 shares during the period. NetEase accounts for approximately 1.4% of Aurora Investment Counsel’s holdings, making the stock its 9th largest position. Aurora Investment Counsel’s holdings in NetEase were worth $2,378,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Private Trust Co. NA boosted its holdings in shares of NetEase by 418.9% during the 4th quarter. Private Trust Co. NA now owns 275 shares of the technology company’s stock worth $26,000 after buying an additional 222 shares during the period. Chilton Capital Management LLC bought a new stake in shares of NetEase during the 4th quarter worth $37,000. USA Financial Formulas boosted its holdings in shares of NetEase by 1,153.1% during the 4th quarter. USA Financial Formulas now owns 401 shares of the technology company’s stock worth $37,000 after buying an additional 369 shares during the period. Headlands Technologies LLC bought a new stake in shares of NetEase during the 3rd quarter worth $56,000. Finally, CVA Family Office LLC bought a new stake in shares of NetEase during the 4th quarter worth $65,000. 11.07% of the stock is owned by institutional investors.

NetEase Price Performance

Shares of NASDAQ NTES traded down $3.62 during mid-day trading on Thursday, hitting $94.74. The company’s stock had a trading volume of 2,944,428 shares, compared to its average volume of 1,719,851. The stock has a market cap of $61.08 billion, a price-to-earnings ratio of 15.54, a price-to-earnings-growth ratio of 0.90 and a beta of 0.58. NetEase, Inc. has a one year low of $80.79 and a one year high of $118.89. The company’s fifty day simple moving average is $99.05 and its 200-day simple moving average is $102.10.

NetEase (NASDAQ:NTES) last announced its earnings results on Thursday, February 29th. The technology company reported $1.42 EPS for the quarter, missing the consensus estimate of $1.62 by ($0.20). The company had revenue of $3.82 billion for the quarter, compared to analyst estimates of $3.96 billion. NetEase had a return on equity of 24.36% and a net margin of 28.39%. On average, sell-side analysts predict that NetEase, Inc. will post 7.07 EPS for the current year.

NetEase Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were issued a $1.08 dividend. The ex-dividend date of this dividend was Wednesday, March 13th. 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 4.56%. NetEase’s dividend payout ratio (DPR) is 68.09%.

Analyst Ratings Changes

NTES has been the subject of a number of research reports. StockNews.com downgraded shares of NetEase from a “strong-buy” rating to a “buy” rating in a report on Thursday, May 16th. HSBC reduced their price target on shares of NetEase from $130.00 to $126.00 and set a “buy” rating for the company in a report on Wednesday, April 24th. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $100.00 price target (down from $120.00) on shares of NetEase in a report on Thursday. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $123.50.

NetEase Company 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.