Ausdal Financial Partners Inc. Invests $293,000 in NetEase, Inc. (NASDAQ:NTES)

Ausdal Financial Partners Inc. acquired a new position in NetEase, Inc. (NASDAQ:NTES) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 3,288 shares of the technology company’s stock, valued at approximately $293,000.

Other large investors also recently bought and sold shares of the company. UMB Bank n.a. boosted its holdings in shares of 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 acquiring an additional 111 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its holdings in NetEase by 1.6% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 7,190 shares of the technology company’s stock worth $641,000 after purchasing an additional 114 shares during the last quarter. Brighton Jones LLC boosted its holdings in NetEase by 1.1% in the fourth quarter. Brighton Jones LLC now owns 10,297 shares of the technology company’s stock worth $919,000 after purchasing an additional 117 shares during the last quarter. Farther Finance Advisors LLC grew its position in NetEase by 81.7% in the 4th quarter. Farther Finance Advisors LLC now owns 338 shares of the technology company’s stock worth $30,000 after purchasing an additional 152 shares during the period. Finally, State Street Corp lifted its holdings 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 valued at $5,305,000 after buying an additional 156 shares during the period. 11.07% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on the company. Barclays upped their price objective on NetEase from $82.00 to $104.00 and gave the company an “equal weight” rating in a research report on Monday, February 24th. Bank of America boosted their target price on shares of NetEase from $120.00 to $122.00 and gave the company a “buy” rating in a research report on Wednesday, January 15th. StockNews.com downgraded shares of NetEase from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 6th. Benchmark upped their price objective on NetEase from $105.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Finally, Morgan Stanley lifted their target price on NetEase from $108.00 to $117.00 and gave the company an “overweight” rating in a research report on Wednesday, February 12th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, NetEase presently has a consensus rating of “Moderate Buy” and an average price target of $114.57.

NetEase Stock Performance

Shares of NetEase stock opened at $100.72 on Friday. The company has a fifty day moving average of $102.05 and a 200 day moving average of $92.58. The company has a market capitalization of $64.68 billion, a P/E ratio of 15.81, a P/E/G ratio of 3.37 and a beta of 0.61. NetEase, Inc. has a fifty-two week low of $75.85 and a fifty-two week high of $110.15.

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

NetEase Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th were issued a $0.435 dividend. This represents a $1.74 annualized dividend and a dividend yield of 1.73%. The ex-dividend date of this dividend was Thursday, March 6th. NetEase’s dividend payout ratio (DPR) is presently 76.45%.

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.