NetEase, Inc. (NASDAQ:NTES) Shares Sold by Two Sigma Investments LP

Two Sigma Investments LP lessened its position in shares of NetEase, Inc. (NASDAQ:NTES) by 13.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 308,130 shares of the technology company’s stock after selling 46,486 shares during the period. Two Sigma Investments LP’s holdings in NetEase were worth $27,488,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Farther Finance Advisors LLC lifted its stake in NetEase by 81.7% during the fourth quarter. Farther Finance Advisors LLC now owns 338 shares of the technology company’s stock worth $30,000 after purchasing an additional 152 shares during the last quarter. UMB Bank n.a. increased its stake in NetEase by 33.3% during the fourth quarter. UMB Bank n.a. now owns 444 shares of the technology company’s stock valued at $40,000 after purchasing an additional 111 shares during the last quarter. Live Oak Investment Partners acquired a new stake in shares of NetEase during the fourth quarter worth $62,000. Avior Wealth Management LLC lifted its position 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 buying an additional 594 shares during the last quarter. Finally, SBI Securities Co. Ltd. bought a new position in shares of NetEase in the 4th quarter worth about $110,000. Institutional investors and hedge funds own 11.07% of the company’s stock.

NetEase Price Performance

Shares of NetEase stock opened at $120.53 on Thursday. NetEase, Inc. has a 1-year low of $75.85 and a 1-year high of $123.56. The business’s fifty day moving average price is $103.65 and its two-hundred day moving average price is $97.92. The company has a market capitalization of $76.37 billion, a P/E ratio of 18.92, a PEG ratio of 3.37 and a beta of 0.66.

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

NetEase Dividend Announcement

The business also recently declared a dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be given a dividend of $0.675 per share. The ex-dividend date is Friday, May 30th. NetEase’s dividend payout ratio (DPR) is 38.85%.

Analysts Set New Price Targets

A number of brokerages have issued reports on NTES. Deutsche Bank Aktiengesellschaft initiated coverage on shares of NetEase in a report on Monday, May 12th. They issued a “buy” rating and a $130.00 target price on the stock. Barclays increased their price target on NetEase from $104.00 to $118.00 and gave the stock an “equal weight” rating in a research report on Friday, May 16th. JPMorgan Chase & Co. boosted their price objective on NetEase from $120.00 to $135.00 and gave the company an “overweight” rating in a research report on Monday. Morgan Stanley increased their target price on NetEase from $108.00 to $117.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 12th. Finally, Benchmark upped their price target on shares of NetEase from $105.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $119.38.

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.