Signaturefd LLC Boosts Stock Holdings in NetEase, Inc. (NASDAQ:NTES)

Signaturefd LLC grew its position in shares of NetEase, Inc. (NASDAQ:NTES) by 6.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,223 shares of the technology company’s stock after acquiring an additional 334 shares during the quarter. Signaturefd LLC’s holdings in NetEase were worth $487,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of the company. WT Asset Management Ltd boosted its holdings in NetEase by 381.1% during the 4th quarter. WT Asset Management Ltd now owns 996,686 shares of the technology company’s stock worth $92,851,000 after acquiring an additional 789,499 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in NetEase by 451.3% during the 4th quarter. Assenagon Asset Management S.A. now owns 511,454 shares of the technology company’s stock worth $47,647,000 after acquiring an additional 418,677 shares during the last quarter. American Century Companies Inc. boosted its holdings in NetEase by 14.8% during the 3rd quarter. American Century Companies Inc. now owns 390,322 shares of the technology company’s stock worth $39,095,000 after acquiring an additional 50,461 shares during the last quarter. Ariose Capital Management Ltd boosted its holdings in NetEase by 8.2% during the 3rd quarter. Ariose Capital Management Ltd now owns 328,641 shares of the technology company’s stock worth $32,917,000 after acquiring an additional 24,971 shares during the last quarter. Finally, Todd Asset Management LLC boosted its holdings in NetEase by 22.1% during the 3rd quarter. Todd Asset Management LLC now owns 294,555 shares of the technology company’s stock worth $29,503,000 after acquiring an additional 53,310 shares during the last quarter. 11.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Morgan Stanley cut their price target on shares of NetEase from $135.00 to $120.00 and set an “overweight” rating on the stock in a report on Friday, April 12th. StockNews.com raised shares of NetEase from a “buy” rating to a “strong-buy” rating in a report on Tuesday, March 26th. Finally, HSBC cut their price target on shares of NetEase from $130.00 to $126.00 and set a “buy” rating on the stock in a report on Wednesday. Seven analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, NetEase has a consensus rating of “Buy” and an average target price of $126.00.

NetEase Stock Up 1.0 %

NASDAQ NTES opened at $94.02 on Thursday. The company has a market cap of $60.62 billion, a PE ratio of 14.85, a price-to-earnings-growth ratio of 0.85 and a beta of 0.58. NetEase, Inc. has a 52 week low of $80.79 and a 52 week high of $118.89. The firm’s 50-day simple moving average is $102.78 and its two-hundred day simple moving average is $103.09.

NetEase (NASDAQ:NTES) last released its quarterly earnings data 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 business had revenue of $3.82 billion for the quarter, compared to analysts’ expectations of $3.96 billion. NetEase had a net margin of 28.39% and a return on equity of 24.36%. As a group, equities research analysts anticipate that NetEase, Inc. will post 7.04 EPS for the current year.

NetEase Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were issued a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a dividend yield of 4.59%. This is an increase from NetEase’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Wednesday, March 13th. NetEase’s dividend payout ratio is presently 68.09%.

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.