Mission Wealth Management LP Has $257,000 Stake in NetEase, Inc. (NASDAQ:NTES)

Mission Wealth Management LP lifted its position in shares of NetEase, Inc. (NASDAQ:NTES) by 22.8% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,764 shares of the technology company’s stock after purchasing an additional 514 shares during the quarter. Mission Wealth Management LP’s holdings in NetEase were worth $257,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of NTES. Private Trust Co. NA raised its position in shares of NetEase by 418.9% in the 4th quarter. Private Trust Co. NA now owns 275 shares of the technology company’s stock worth $26,000 after acquiring an additional 222 shares in the last quarter. Chilton Capital Management LLC bought a new stake in shares of NetEase during the 4th quarter valued at about $37,000. Headlands Technologies LLC acquired a new stake in NetEase during the third quarter worth approximately $56,000. CVA Family Office LLC bought a new stake in NetEase in the fourth quarter worth approximately $65,000. Finally, Huntington National Bank lifted its stake in NetEase by 31.4% in the third quarter. Huntington National Bank now owns 678 shares of the technology company’s stock valued at $68,000 after buying an additional 162 shares during the period. 11.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NTES has been the subject of several recent analyst reports. Morgan Stanley reduced their price objective on shares of NetEase from $135.00 to $120.00 and set an “overweight” rating for the company in a research report on Friday, April 12th. StockNews.com cut shares of NetEase from a “strong-buy” rating to a “buy” rating in a report on Monday, April 29th. Finally, HSBC decreased their price target on shares of NetEase from $130.00 to $126.00 and set a “buy” rating for the company in a research note on Wednesday, April 24th. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, NetEase has a consensus rating of “Buy” and an average target price of $126.00.

NetEase Trading Up 4.1 %

NASDAQ NTES opened at $103.02 on Friday. The company has a market cap of $66.42 billion, a P/E ratio of 16.27, a PEG ratio of 0.90 and a beta of 0.58. The company has a fifty day simple moving average of $101.31 and a 200 day simple moving average of $102.66. NetEase, Inc. has a 12-month low of $80.79 and a 12-month high of $118.89.

NetEase (NASDAQ:NTES) last released its quarterly earnings data on Thursday, February 29th. The technology company reported $1.42 earnings per share for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.20). The business had revenue of $3.82 billion during the quarter, compared to the consensus estimate of $3.96 billion. NetEase had a net margin of 28.39% and a return on equity of 24.36%. Sell-side analysts predict that NetEase, Inc. will post 7.04 EPS for the current year.

NetEase Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were paid a dividend of $1.08 per share. The ex-dividend date was Wednesday, March 13th. This represents a $4.32 dividend on an annualized basis and a yield of 4.19%. This is an increase from NetEase’s previous quarterly dividend of $0.50. NetEase’s payout ratio is 68.09%.

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.