NetEase Inc. (NTES) Shares Sold by ClariVest Asset Management LLC
ClariVest Asset Management LLC cut its position in shares of NetEase Inc. (NASDAQ:NTES) by 1.3% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 79,550 shares of the company’s stock after selling 1,047 shares during the period. ClariVest Asset Management LLC owned about 0.06% of NetEase worth $15,371,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Orbis Allan Gray Ltd acquired a new position in NetEase during the first quarter worth about $1,449,733,000. Lazard Asset Management LLC boosted its position in NetEase by 0.4% in the first quarter. Lazard Asset Management LLC now owns 5,028,755 shares of the company’s stock worth $722,028,000 after buying an additional 21,375 shares during the last quarter. Comgest Global Investors S.A.S. boosted its position in NetEase by 0.4% in the second quarter. Comgest Global Investors S.A.S. now owns 2,921,119 shares of the company’s stock worth $564,418,000 after buying an additional 12,423 shares during the last quarter. Renaissance Technologies LLC boosted its position in NetEase by 9.6% in the first quarter. Renaissance Technologies LLC now owns 2,187,700 shares of the company’s stock worth $314,110,000 after buying an additional 191,600 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. boosted its position in NetEase by 17.8% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,320,917 shares of the company’s stock worth $189,657,000 after buying an additional 199,253 shares during the last quarter. 59.71% of the stock is owned by hedge funds and other institutional investors.
Shares of NetEase Inc. (NASDAQ:NTES) traded up 3.16% during trading on Thursday, hitting $255.98. The stock had a trading volume of 1,080,774 shares. The company’s 50 day moving average price is $228.69 and its 200 day moving average price is $183.24. The company has a market capitalization of $33.56 billion, a price-to-earnings ratio of 24.49 and a beta of 1.04. NetEase Inc. has a 52 week low of $126.62 and a 52 week high of $256.74.
NetEase (NASDAQ:NTES) last issued its earnings results on Wednesday, August 17th. The company reported $3.67 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.61 by $1.06. NetEase had a return on equity of 31.47% and a net margin of 29.34%. Analysts predict that NetEase Inc. will post $12.52 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 9th. Stockholders of record on Wednesday, August 31st were paid a $0.78 dividend. The ex-dividend date of this dividend was Monday, August 29th. This is an increase from NetEase’s previous quarterly dividend of $0.73. This represents a $3.12 annualized dividend and a dividend yield of 1.22%. NetEase’s dividend payout ratio (DPR) is currently 25.14%.
Several research analysts have recently weighed in on NTES shares. Deutsche Bank AG upped their price objective on NetEase from $190.00 to $207.00 and gave the stock a “buy” rating in a research report on Friday, June 24th. Brean Capital started coverage on NetEase in a research report on Monday, July 18th. They set a “buy” rating and a $235.00 price objective for the company. Zacks Investment Research cut NetEase from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 27th. Vetr cut NetEase from a “buy” rating to a “hold” rating and set a $212.23 price objective for the company. in a research report on Monday, August 15th. Finally, Credit Suisse Group AG started coverage on NetEase in a research report on Friday, August 19th. They set a “neutral” rating and a $230.00 price objective for the company. One investment analyst has rated the stock with a sell rating, three have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. NetEase has an average rating of “Buy” and a consensus price target of $221.08.
NetEase Company Profile
NetEase, Inc (NetEase) is a technology company. The Company operates an interactive online community in China and is a provider of Chinese language content and services through its online games, Internet media, e-mail, e-commerce and other businesses. The Company operates through three segments: Online Game Services; Advertising Services, and E-mail, E-commerce and Others.
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