Euro Pacific Asset Management LLC Has $1.22 Million Position in NetEase, Inc. (NASDAQ:NTES)

Euro Pacific Asset Management LLC lifted its holdings in shares of NetEase, Inc. (NASDAQ:NTES) by 3.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,964 shares of the technology company’s stock after purchasing an additional 469 shares during the period. Euro Pacific Asset Management LLC’s holdings in NetEase were worth $1,215,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in NTES. Central Asset Investments & Management Holdings HK Ltd acquired a new position in NetEase during the third quarter worth $468,000. Ashton Thomas Private Wealth LLC raised its position in NetEase by 5.5% in the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 7,892 shares of the technology company’s stock valued at $738,000 after buying an additional 409 shares during the last quarter. GSA Capital Partners LLP lifted its stake in NetEase by 20.6% during the 3rd quarter. GSA Capital Partners LLP now owns 21,853 shares of the technology company’s stock valued at $2,043,000 after acquiring an additional 3,739 shares in the last quarter. State of New Jersey Common Pension Fund D boosted its holdings in NetEase by 87.0% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 75,282 shares of the technology company’s stock worth $7,040,000 after acquiring an additional 35,031 shares during the last quarter. Finally, Assetmark Inc. grew its stake in shares of NetEase by 27.3% in the 3rd quarter. Assetmark Inc. now owns 38,469 shares of the technology company’s stock worth $3,597,000 after acquiring an additional 8,248 shares in the last quarter. Institutional investors and hedge funds own 11.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on NTES shares. StockNews.com downgraded shares of NetEase from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 20th. Barclays reduced their target price on NetEase from $104.00 to $82.00 and set an “equal weight” rating for the company in a report on Monday, August 26th. Bank of America dropped their price target on NetEase from $142.00 to $120.00 and set a “buy” rating on the stock in a report on Friday, August 23rd. Benchmark reduced their price objective on NetEase from $120.00 to $105.00 and set a “buy” rating for the company in a research note on Friday. Finally, Citigroup lifted their target price on NetEase from $108.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $107.29.

NetEase Trading Up 1.5 %

NASDAQ NTES opened at $85.49 on Friday. NetEase, Inc. has a 1-year low of $75.85 and a 1-year high of $118.89. The firm has a market cap of $54.90 billion, a PE ratio of 13.95, a price-to-earnings-growth ratio of 1.69 and a beta of 0.57. The stock has a 50-day moving average of $83.75 and a 200-day moving average of $89.01.

NetEase (NASDAQ:NTES) last posted its earnings results on Thursday, August 22nd. The technology company reported $12.05 earnings per share for the quarter, topping analysts’ consensus estimates of $1.62 by $10.43. NetEase had a return on equity of 22.30% and a net margin of 26.98%. The firm had revenue of $25.49 billion for the quarter, compared to the consensus estimate of $26.01 billion. During the same quarter in the prior year, the business earned $1.75 EPS. The business’s revenue for the quarter was up 6.1% on a year-over-year basis. As a group, equities research analysts forecast that NetEase, Inc. will post 6.02 earnings per share for the current fiscal year.

NetEase Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a $0.435 dividend. This represents a $1.74 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date of this dividend is Friday, November 29th. NetEase’s dividend payout ratio is presently 28.22%.

About NetEase

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.