Euro Pacific Asset Management LLC Boosts Holdings in NetEase, Inc. (NASDAQ:NTES)

Euro Pacific Asset Management LLC raised its position in shares of NetEase, Inc. (NASDAQ:NTES) by 3.8% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 12,964 shares of the technology company’s stock after purchasing an additional 469 shares during the quarter. Euro Pacific Asset Management LLC’s holdings in NetEase were worth $1,215,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Sequoia Financial Advisors LLC raised its holdings in NetEase by 4.3% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 2,575 shares of the technology company’s stock worth $246,000 after acquiring an additional 107 shares during the last quarter. Guinness Atkinson Asset Management Inc boosted its position in shares of NetEase by 0.7% during the second quarter. Guinness Atkinson Asset Management Inc now owns 15,422 shares of the technology company’s stock valued at $1,474,000 after buying an additional 110 shares during the last quarter. SYSTM Wealth Solutions LLC grew its stake in shares of NetEase by 55.5% in the second quarter. SYSTM Wealth Solutions LLC now owns 328 shares of the technology company’s stock worth $31,000 after acquiring an additional 117 shares during the period. Fifth Third Bancorp raised its holdings in shares of NetEase by 1.9% during the second quarter. Fifth Third Bancorp now owns 7,658 shares of the technology company’s stock valued at $732,000 after purchasing an additional 146 shares during the last quarter. Finally, Financial Advocates Investment Management lifted its position in NetEase by 5.4% during the third quarter. Financial Advocates Investment Management now owns 4,647 shares of the technology company’s stock valued at $435,000 after purchasing an additional 237 shares during the period. 11.07% of the stock is owned by hedge funds and other institutional investors.

NetEase Price Performance

NTES opened at $85.49 on Friday. The company has a 50 day simple moving average of $83.75 and a two-hundred day simple moving average of $89.01. The firm has a market cap of $54.90 billion, a P/E ratio of 13.95, a PEG ratio of 1.69 and a beta of 0.57. NetEase, Inc. has a 1-year low of $75.85 and a 1-year high of $118.89.

NetEase (NASDAQ:NTES) last issued its earnings results on Thursday, August 22nd. The technology company reported $12.05 earnings per share for the quarter, topping the consensus estimate of $1.62 by $10.43. The company had revenue of $25.49 billion during the quarter, compared to the consensus estimate of $26.01 billion. NetEase had a net margin of 26.98% and a return on equity of 22.30%. NetEase’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.75 EPS. Equities analysts anticipate that NetEase, Inc. will post 6.02 earnings per share for the current year.

NetEase Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be issued a dividend of $0.435 per share. This represents a $1.74 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date of this dividend is Friday, November 29th. NetEase’s dividend payout ratio (DPR) is currently 28.22%.

Wall Street Analyst Weigh In

NTES has been the subject of a number of research reports. Jefferies Financial Group decreased their target price on shares of NetEase from $126.00 to $103.00 and set a “buy” rating for the company in a research note on Thursday, August 22nd. StockNews.com cut NetEase from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 20th. Citigroup increased their price objective on shares of NetEase from $108.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday. Bank of America cut their target price on shares of NetEase from $142.00 to $120.00 and set a “buy” rating for the company in a research report on Friday, August 23rd. Finally, Benchmark decreased their price target on shares of NetEase from $120.00 to $105.00 and set a “buy” rating on the stock in a research report on Friday. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $107.29.

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.