Blue Trust Inc. Raises Holdings in NetEase, Inc. (NASDAQ:NTES)

Blue Trust Inc. boosted its stake in shares of NetEase, Inc. (NASDAQ:NTES) by 44.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,509 shares of the technology company’s stock after buying an additional 1,391 shares during the period. Blue Trust Inc.’s holdings in NetEase were worth $431,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of NTES. Mather Group LLC. raised its position in shares of NetEase by 1,415.0% in the 2nd quarter. Mather Group LLC. now owns 303 shares of the technology company’s stock worth $31,000 after acquiring an additional 283 shares in the last quarter. SYSTM Wealth Solutions LLC boosted its position in NetEase by 55.5% during the second quarter. SYSTM Wealth Solutions LLC now owns 328 shares of the technology company’s stock valued at $31,000 after purchasing an additional 117 shares in the last quarter. Ariadne Wealth Management LP purchased a new position in NetEase in the second quarter valued at about $35,000. ORG Partners LLC bought a new position in NetEase in the first quarter worth about $50,000. Finally, AdvisorNet Financial Inc raised its holdings in NetEase by 39.6% in the second quarter. AdvisorNet Financial Inc now owns 1,400 shares of the technology company’s stock worth $134,000 after purchasing an additional 397 shares in the last quarter. Institutional investors own 11.07% of the company’s stock.

NetEase Trading Down 0.3 %

NASDAQ:NTES opened at $81.04 on Wednesday. The company has a market capitalization of $52.04 billion, a P/E ratio of 12.56, a PEG ratio of 1.96 and a beta of 0.55. NetEase, Inc. has a 12 month low of $75.85 and a 12 month high of $118.89. The firm has a fifty day simple moving average of $85.09 and a 200-day simple moving average of $90.77.

NetEase (NASDAQ:NTES) last issued its quarterly earnings results on Thursday, August 22nd. The technology company reported $12.05 EPS for the quarter, topping analysts’ consensus estimates of $1.62 by $10.43. The company had revenue of $25.49 billion during the quarter, compared to analysts’ expectations of $26.01 billion. NetEase had a return on equity of 22.30% and a net margin of 26.98%. The firm’s revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.75 EPS. Equities analysts forecast that NetEase, Inc. will post 6.05 EPS for the current year.

NetEase Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Friday, September 6th were given a $0.435 dividend. The ex-dividend date of this dividend was Friday, September 6th. This represents a $1.74 dividend on an annualized basis and a yield of 2.15%. NetEase’s dividend payout ratio is currently 26.82%.

Analyst Ratings Changes

A number of analysts have recently weighed in on NTES shares. Jefferies Financial Group lowered their price target on shares of NetEase from $126.00 to $103.00 and set a “buy” rating on the stock in a report on Thursday, August 22nd. Morgan Stanley restated an “equal weight” rating and issued a $100.00 target price on shares of NetEase in a research note on Friday, July 5th. StockNews.com downgraded NetEase from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 20th. Bank of America decreased their price objective on NetEase from $142.00 to $120.00 and set a “buy” rating for the company in a report on Friday, August 23rd. Finally, Barclays dropped their target price on NetEase from $104.00 to $82.00 and set an “equal weight” rating on the stock in a research note on Monday, August 26th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $112.67.

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.