Susquehanna International Group Ltd. Makes New $1.15 Million Investment in NetEase, Inc. (NASDAQ:NTES)

Susquehanna International Group Ltd. purchased a new position in NetEase, Inc. (NASDAQ:NTES) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 12,000 shares of the technology company’s stock, valued at approximately $1,147,000.

Several other institutional investors and hedge funds have also bought and sold shares of NTES. Mather Group LLC. grew its holdings in NetEase by 1,415.0% in the second quarter. Mather Group LLC. now owns 303 shares of the technology company’s stock worth $31,000 after purchasing an additional 283 shares during the last quarter. SYSTM Wealth Solutions LLC grew its holdings in NetEase by 55.5% in the second quarter. SYSTM Wealth Solutions LLC now owns 328 shares of the technology company’s stock worth $31,000 after purchasing an additional 117 shares during the last quarter. UMB Bank n.a. purchased a new position in NetEase in the first quarter worth $50,000. ORG Partners LLC acquired a new stake in shares of NetEase during the first quarter worth $50,000. Finally, AdvisorNet Financial Inc lifted its stake in shares of NetEase by 39.6% during the second quarter. AdvisorNet Financial Inc now owns 1,400 shares of the technology company’s stock worth $134,000 after buying an additional 397 shares during the period. 11.07% of the stock is owned by hedge funds and other institutional investors.

NetEase Price Performance

NASDAQ NTES opened at $93.58 on Friday. The company has a market capitalization of $60.09 billion, a PE ratio of 14.51, a P/E/G ratio of 1.78 and a beta of 0.54. The company has a fifty day moving average of $85.36 and a 200 day moving average of $92.64. NetEase, Inc. has a 1 year low of $75.85 and a 1 year high of $118.89.

NetEase (NASDAQ:NTES) last posted its earnings results on Thursday, August 22nd. The technology company reported $12.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.62 by $10.43. NetEase had a net margin of 26.98% and a return on equity of 22.30%. The company had revenue of $25.49 billion during the quarter, compared to the consensus estimate of $26.01 billion. During the same period in the previous year, the firm posted $1.75 earnings per share. The firm’s quarterly revenue was up 6.1% on a year-over-year basis. Research analysts expect that NetEase, Inc. will post 6.05 earnings per share for the current year.

NetEase Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Friday, September 6th were issued a $0.435 dividend. The ex-dividend date was Friday, September 6th. This represents a $1.74 dividend on an annualized basis and a yield of 1.86%. NetEase’s payout ratio is 26.82%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Morgan Stanley reiterated an “equal weight” rating and set a $100.00 price objective on shares of NetEase in a research note on Friday, July 5th. Jefferies Financial Group lowered their price objective on shares of NetEase from $126.00 to $103.00 and set a “buy” rating for the company in a research note on Thursday, August 22nd. Barclays lowered their price objective on shares of NetEase from $104.00 to $82.00 and set an “equal weight” rating for the company in a research note on Monday, August 26th. StockNews.com downgraded shares of NetEase from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 20th. Finally, Bank of America lowered their price objective on shares of NetEase from $142.00 to $120.00 and set a “buy” rating for the company in a research note on Friday, August 23rd. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $112.67.

NetEase Profile

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.