NetEase, Inc. (NASDAQ:NTES) Stock Holdings Lessened by Guerra Pan Advisors LLC

Guerra Pan Advisors LLC lessened its holdings in shares of NetEase, Inc. (NASDAQ:NTES) by 3.1% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 9,555 shares of the technology company’s stock after selling 301 shares during the period. Guerra Pan Advisors LLC’s holdings in NetEase were worth $893,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of NTES. Assetmark Inc. boosted its stake in NetEase by 27.3% in the third quarter. Assetmark Inc. now owns 38,469 shares of the technology company’s stock valued at $3,597,000 after acquiring an additional 8,248 shares during the period. Veritas Asset Management LLP bought a new stake in shares of NetEase in the 3rd quarter worth approximately $5,150,000. Van ECK Associates Corp lifted its holdings in shares of NetEase by 12.3% in the 3rd quarter. Van ECK Associates Corp now owns 666,411 shares of the technology company’s stock worth $62,316,000 after purchasing an additional 72,988 shares during the last quarter. Coronation Fund Managers Ltd. boosted its position in NetEase by 54.4% during the 3rd quarter. Coronation Fund Managers Ltd. now owns 161,780 shares of the technology company’s stock valued at $15,128,000 after purchasing an additional 56,997 shares during the period. Finally, Caas Capital Management LP grew its stake in NetEase by 225.3% during the 3rd quarter. Caas Capital Management LP now owns 16,267 shares of the technology company’s stock worth $1,521,000 after buying an additional 11,267 shares during the last quarter. Institutional investors own 11.07% of the company’s stock.

NetEase Stock Down 5.4 %

Shares of NTES opened at $76.76 on Friday. The firm has a market capitalization of $49.29 billion, a PE ratio of 12.52, a P/E/G ratio of 1.77 and a beta of 0.57. The firm has a 50-day moving average price of $83.59 and a 200 day moving average price of $89.51. NetEase, Inc. has a 52-week low of $75.85 and a 52-week high of $118.89.

NetEase (NASDAQ:NTES) last posted its quarterly earnings data on Thursday, August 22nd. The technology company reported $12.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $10.43. NetEase had a net margin of 26.98% and a return on equity of 22.30%. The business had revenue of $25.49 billion during the quarter, compared to analysts’ expectations of $26.01 billion. During the same period last year, the firm posted $1.75 earnings per share. The business’s revenue was up 6.1% on a year-over-year basis. On average, equities analysts expect that NetEase, Inc. will post 6.02 EPS for the current year.

NetEase Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Friday, September 6th were given a dividend of $0.435 per share. This represents a $1.74 annualized dividend and a dividend yield of 2.27%. The ex-dividend date was Friday, September 6th. NetEase’s dividend payout ratio (DPR) is presently 28.22%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on NTES. StockNews.com cut NetEase from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 20th. Jefferies Financial Group cut their price objective on shares of NetEase from $126.00 to $103.00 and set a “buy” rating on the stock in a research report on Thursday, August 22nd. Bank of America reduced their target price on shares of NetEase from $142.00 to $120.00 and set a “buy” rating for the company in a research note on Friday, August 23rd. Finally, Barclays dropped their price target on shares of 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 investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus 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.