Benjamin F. Edwards & Company Inc. Sells 188 Shares of NetEase, Inc. (NASDAQ:NTES)

Posted by on May 8th, 2023

Benjamin F. Edwards & Company Inc. decreased its holdings in shares of NetEase, Inc. (NASDAQ:NTES – Get Rating) by 7.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 2,452 shares of the technology company’s stock after selling 188 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in NetEase were worth $178,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in NTES. Clear Street Markets LLC bought a new stake in shares of NetEase in the 3rd quarter valued at $30,000. Mondrian Investment Partners LTD bought a new stake in shares of NetEase in the 4th quarter valued at $39,000. FourThought Financial LLC increased its position in shares of NetEase by 86.6% in the 3rd quarter. FourThought Financial LLC now owns 698 shares of the technology company’s stock valued at $53,000 after buying an additional 324 shares in the last quarter. Hollencrest Capital Management bought a new stake in shares of NetEase in the 4th quarter valued at $67,000. Finally, FNY Investment Advisers LLC increased its position in shares of NetEase by 105.3% in the 4th quarter. FNY Investment Advisers LLC now owns 1,000 shares of the technology company’s stock valued at $72,000 after buying an additional 513 shares in the last quarter. Institutional investors own 13.50% of the company’s stock.

Wall Street Analyst Weigh In

NTES has been the subject of a number of recent analyst reports. StockNews.com upgraded shares of NetEase from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, April 19th. Citigroup upped their target price on shares of NetEase from $100.00 to $115.00 and gave the stock a “buy” rating in a research note on Monday, February 27th. TheStreet raised shares of NetEase from a “c+” rating to a “b-” rating in a research note on Wednesday, January 18th. Finally, JPMorgan Chase & Co. raised shares of NetEase from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $85.00 to $100.00 in a research note on Tuesday, February 28th. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Buy” and an average target price of $108.80.

NetEase Trading Up 0.1 %

NetEase stock opened at $88.89 on Monday. The firm has a 50-day moving average of $87.38 and a 200-day moving average of $79.51. NetEase, Inc. has a one year low of $53.09 and a one year high of $108.77. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.32 and a quick ratio of 2.30. The company has a market cap of $58.20 billion, a price-to-earnings ratio of 19.54 and a beta of 0.50.

NetEase (NASDAQ:NTES – Get Rating) last posted its quarterly earnings data on Thursday, February 23rd. The technology company reported $0.88 EPS for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.24). NetEase had a return on equity of 18.49% and a net margin of 20.99%. The business had revenue of $3.68 billion for the quarter, compared to analyst estimates of $3.69 billion. On average, equities analysts expect that NetEase, Inc. will post 4.71 earnings per share for the current fiscal year.

NetEase Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 24th. Investors of record on Thursday, March 9th were paid a $0.27 dividend. The ex-dividend date was Wednesday, March 8th. This represents a $1.08 annualized dividend and a yield of 1.21%. NetEase’s dividend payout ratio (DPR) is currently 23.52%.

NetEase Profile

(Get Rating)

NetEase, Inc is an internet technology company, which engages in the provision of premium online services centered around content, community, communication and commerce. It develops and operates some of the most popular PC-client and mobile games in China. The firm also operates some of the most popular international online games in China by partnering with Blizzard Entertainment, Mojang AB (a Microsoft subsidiary) and other global game developers.

See Also

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Institutional Ownership by Quarter for NetEase (NASDAQ:NTES)

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