Financial Counselors Inc. lowered its position in NetEase Inc (NASDAQ:NTES) by 19.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 980 shares of the technology company’s stock after selling 240 shares during the quarter. Financial Counselors Inc.’s holdings in NetEase were worth $338,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently made changes to their positions in NTES. Central Asset Investments & Management Holdings HK Ltd purchased a new stake in shares of NetEase in the third quarter valued at about $2,092,000. UBS Asset Management Americas Inc. grew its holdings in shares of NetEase by 179.7% in the fourth quarter. UBS Asset Management Americas Inc. now owns 1,907,384 shares of the technology company’s stock valued at $658,181,000 after purchasing an additional 1,225,421 shares during the period. Capital International Investors purchased a new position in NetEase during the third quarter worth about $180,472,000. Nordea Investment Management AB boosted its stake in NetEase by 40.5% during the third quarter. Nordea Investment Management AB now owns 868,319 shares of the technology company’s stock worth $229,071,000 after buying an additional 250,166 shares during the period. Finally, BlackRock Inc. boosted its stake in NetEase by 5.2% during the fourth quarter. BlackRock Inc. now owns 4,963,150 shares of the technology company’s stock worth $1,712,636,000 after buying an additional 243,978 shares during the period. 47.85% of the stock is owned by hedge funds and other institutional investors.
NetEase Inc (NTES) opened at $293.35 on Thursday. NetEase Inc has a 12 month low of $253.20 and a 12 month high of $377.64. The company has a market cap of $39,142.85, a P/E ratio of 24.55, a PEG ratio of 1.69 and a beta of 0.75.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 2nd. Stockholders of record on Friday, February 23rd will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 0.52%. The ex-dividend date of this dividend is Thursday, February 22nd. NetEase’s payout ratio is 33.56%.
NTES has been the subject of several research analyst reports. Vetr lowered shares of NetEase from a “strong-buy” rating to a “buy” rating and set a $313.68 target price for the company. in a research note on Monday, November 6th. ValuEngine raised shares of NetEase from a “hold” rating to a “buy” rating in a research note on Friday, November 10th. CLSA lowered shares of NetEase from an “underperform” rating to a “sell” rating and set a $283.00 target price for the company. in a research note on Thursday, November 16th. Citigroup reaffirmed a “buy” rating and set a $351.00 target price on shares of NetEase in a research note on Thursday, November 16th. Finally, Benchmark lowered their target price on shares of NetEase from $360.00 to $340.00 and set a “buy” rating for the company in a research note on Thursday, November 16th. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. NetEase presently has a consensus rating of “Hold” and a consensus price target of $344.87.
TRADEMARK VIOLATION WARNING: “Financial Counselors Inc. Has $338,000 Position in NetEase Inc (NTES)” was originally reported by Ticker Report and is owned by of Ticker Report. If you are viewing this article on another publication, it was stolen and republished in violation of US and international trademark and copyright laws. The correct version of this article can be viewed at https://www.tickerreport.com/banking-finance/3230436/financial-counselors-inc-has-338000-position-in-netease-inc-ntes.html.
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.
Want to see what other hedge funds are holding NTES? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NetEase Inc (NASDAQ:NTES).
Receive News & Ratings for NetEase Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NetEase and related companies with MarketBeat.com's FREE daily email newsletter.