Vestmark Advisory Solutions Inc. Has $472,000 Stake in NetEase, Inc. (NASDAQ:NTES)

Vestmark Advisory Solutions Inc. raised its stake in shares of NetEase, Inc. (NASDAQ:NTES) by 94.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 5,296 shares of the technology company’s stock after buying an additional 2,579 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in NetEase were worth $472,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. UMB Bank n.a. boosted its stake in NetEase by 33.3% during the 4th quarter. UMB Bank n.a. now owns 444 shares of the technology company’s stock valued at $40,000 after purchasing an additional 111 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its stake in NetEase by 1.6% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 7,190 shares of the technology company’s stock valued at $641,000 after purchasing an additional 114 shares during the last quarter. Brighton Jones LLC lifted its position in shares of NetEase by 1.1% during the 4th quarter. Brighton Jones LLC now owns 10,297 shares of the technology company’s stock worth $919,000 after buying an additional 117 shares in the last quarter. State Street Corp lifted its position in shares of NetEase by 0.3% during the 3rd quarter. State Street Corp now owns 56,729 shares of the technology company’s stock worth $5,305,000 after buying an additional 156 shares in the last quarter. Finally, Euro Pacific Asset Management LLC lifted its position in shares of NetEase by 1.3% during the 4th quarter. Euro Pacific Asset Management LLC now owns 13,137 shares of the technology company’s stock worth $1,172,000 after buying an additional 173 shares in the last quarter. Institutional investors and hedge funds own 11.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on NTES shares. Benchmark lifted their target price on shares of NetEase from $105.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Barclays lifted their target price on shares of NetEase from $82.00 to $104.00 and gave the stock an “equal weight” rating in a research report on Monday, February 24th. StockNews.com cut shares of NetEase from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 6th. Citigroup lifted their target price on shares of NetEase from $108.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Finally, Morgan Stanley lifted their target price on shares of NetEase from $108.00 to $117.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 12th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, NetEase currently has a consensus rating of “Moderate Buy” and an average target price of $114.57.

NetEase Trading Up 0.8 %

NASDAQ:NTES opened at $102.78 on Friday. The stock has a market capitalization of $66.00 billion, a PE ratio of 16.14, a price-to-earnings-growth ratio of 3.37 and a beta of 0.61. The firm’s 50 day moving average is $99.41 and its 200 day moving average is $90.52. NetEase, Inc. has a 12 month low of $75.85 and a 12 month high of $111.12.

NetEase (NASDAQ:NTES) last posted its quarterly earnings results on Thursday, February 20th. The technology company reported $1.87 EPS for the quarter, topping analysts’ consensus estimates of $1.73 by $0.14. The company had revenue of $3.66 billion for the quarter, compared to analysts’ expectations of $27.16 billion. NetEase had a net margin of 28.17% and a return on equity of 22.12%. Research analysts predict that NetEase, Inc. will post 6.91 earnings per share for the current year.

NetEase Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 6th will be paid a $0.435 dividend. The ex-dividend date is Thursday, March 6th. This represents a $1.74 dividend on an annualized basis and a yield of 1.69%. NetEase’s dividend payout ratio is 76.45%.

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.