Susquehanna International Securities Ltd. Acquires 5,121 Shares of NetEase, Inc. (NASDAQ:NTES)

Susquehanna International Securities Ltd. raised its holdings in shares of NetEase, Inc. (NASDAQ:NTES) by 37.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,768 shares of the technology company’s stock after acquiring an additional 5,121 shares during the quarter. NetEase comprises approximately 0.4% of Susquehanna International Securities Ltd.’s portfolio, making the stock its 14th biggest holding. Susquehanna International Securities Ltd.’s holdings in NetEase were worth $1,794,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in NTES. Susquehanna International Group Ltd. purchased a new position in shares of NetEase in the second quarter valued at $1,147,000. Lighthouse Investment Partners LLC grew its holdings in NetEase by 58.5% during the 2nd quarter. Lighthouse Investment Partners LLC now owns 10,924 shares of the technology company’s stock valued at $1,044,000 after buying an additional 4,033 shares in the last quarter. Caxton Associates LP purchased a new position in NetEase during the 2nd quarter valued at about $248,000. Point72 Hong Kong Ltd increased its position in shares of NetEase by 109.0% during the second quarter. Point72 Hong Kong Ltd now owns 1,213,323 shares of the technology company’s stock valued at $115,969,000 after buying an additional 632,896 shares during the period. Finally, Point72 Asset Management L.P. lifted its holdings in shares of NetEase by 126.5% in the second quarter. Point72 Asset Management L.P. now owns 525,400 shares of the technology company’s stock worth $50,218,000 after buying an additional 293,400 shares in the last quarter. Hedge funds and other institutional investors own 11.07% of the company’s stock.

NetEase Stock Up 2.7 %

NTES opened at $93.58 on Friday. The business’s fifty day simple moving average is $85.40 and its 200 day simple moving average is $92.55. NetEase, Inc. has a 52 week low of $75.85 and a 52 week high of $118.89. The stock has a market cap of $60.09 billion, a PE ratio of 14.51, a P/E/G ratio of 1.78 and a beta of 0.54.

NetEase (NASDAQ:NTES) last announced its quarterly earnings data on Thursday, August 22nd. The technology company reported $12.05 EPS for the quarter, beating the consensus estimate of $1.62 by $10.43. The firm had revenue of $25.49 billion for the quarter, compared to analyst estimates of $26.01 billion. NetEase had a return on equity of 22.30% and a net margin of 26.98%. The company’s revenue was up 6.1% on a year-over-year basis. During the same period in the prior year, the company earned $1.75 EPS. As a group, equities analysts anticipate that NetEase, Inc. will post 6.05 earnings per share for the current year.

NetEase Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Friday, September 6th were paid a dividend of $0.435 per share. This represents a $1.74 annualized dividend and a dividend yield of 1.86%. The ex-dividend date of this dividend was Friday, September 6th. NetEase’s dividend payout ratio (DPR) is presently 26.82%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Barclays reduced their price objective on shares of NetEase from $104.00 to $82.00 and set an “equal weight” rating for the company in a research note on Monday, August 26th. Bank of America decreased their price target on shares of NetEase from $142.00 to $120.00 and set a “buy” rating on the stock in a report on Friday, August 23rd. Jefferies Financial Group dropped their price objective on 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 lowered NetEase from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 20th. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $100.00 price target on shares of NetEase in a research report on Friday, July 5th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $112.67.

NetEase 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.