Candriam Luxembourg S.C.A. Maintains Stake in NetEase Inc (NTES)
Candriam Luxembourg S.C.A. continued to hold its stake in shares of NetEase Inc (NASDAQ:NTES) during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,500 shares of the technology company’s stock at the end of the first quarter. Candriam Luxembourg S.C.A.’s holdings in NetEase were worth $426,000 as of its most recent filing with the SEC.
Several other large investors also recently made changes to their positions in NTES. USS Investment Management Ltd bought a new stake in shares of NetEase during the third quarter worth about $57,403,000. LMR Partners LLP acquired a new position in NetEase during the third quarter worth $3,852,000. Ariose Capital Management Ltd raised its position in NetEase by 334.9% in the third quarter. Ariose Capital Management Ltd now owns 518,151 shares of the technology company’s stock worth $135,289,000 after buying an additional 399,022 shares during the last quarter. Quantbot Technologies LP acquired a new position in NetEase during the third quarter worth $1,071,000. Finally, APG Asset Management N.V. raised its position in NetEase by 1.9% in the third quarter. APG Asset Management N.V. now owns 315,300 shares of the technology company’s stock worth $75,918,000 after buying an additional 6,000 shares during the last quarter. Institutional investors own 56.72% of the company’s stock.
Shares of NetEase Inc (NASDAQ:NTES) traded up 1.04% during midday trading on Friday, hitting $285.69. The stock had a trading volume of 307,987 shares. NetEase Inc has a 1-year low of $161.00 and a 1-year high of $308.66. The firm’s 50-day moving average price is $272.69 and its 200-day moving average price is $257.27. The stock has a market cap of $37.58 billion, a price-to-earnings ratio of 19.94 and a beta of 0.70.
NetEase (NASDAQ:NTES) last issued its quarterly earnings data on Wednesday, February 15th. The technology company reported $4.01 earnings per share for the quarter, beating the Zacks’ consensus estimate of $3.63 by $0.38. The firm had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.55 billion. NetEase had a return on equity of 32.17% and a net margin of 29.68%. Analysts forecast that NetEase Inc will post $15.23 earnings per share for the current year.
The company also recently disclosed a dividend, which will be paid on Friday, June 2nd. Stockholders of record on Friday, May 26th will be given a dividend of $1.08 per share. The ex-dividend date is Wednesday, May 24th. NetEase’s payout ratio is 25.15%.
A number of research analysts have commented on the company. Vetr lowered NetEase from a “strong-buy” rating to a “buy” rating and set a $318.49 price objective on the stock. in a report on Tuesday. Instinet reissued a “buy” rating and set a $307.00 target price on shares of NetEase in a report on Tuesday, May 9th. Jefferies Group LLC increased their target price on NetEase from $261.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, February 16th. Deutsche Bank AG set a $298.00 target price on NetEase and gave the stock a “buy” rating in a report on Thursday, February 16th. Finally, Zacks Investment Research raised NetEase from a “sell” rating to a “hold” rating in a report on Tuesday, January 31st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $290.32.
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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