Edmond DE Rothschild Holding S.A. Has $3.48 Million Holdings in NetEase, Inc. (NASDAQ:NTES)

Edmond DE Rothschild Holding S.A. trimmed its position in shares of NetEase, Inc. (NASDAQ:NTES) by 38.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 39,000 shares of the technology company’s stock after selling 24,800 shares during the quarter. Edmond DE Rothschild Holding S.A.’s holdings in NetEase were worth $3,479,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. UMB Bank n.a. lifted its position 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 worth $40,000 after purchasing an additional 111 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its holdings in NetEase by 1.6% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 7,190 shares of the technology company’s stock valued at $641,000 after buying an additional 114 shares during the last quarter. Brighton Jones LLC increased its position in NetEase by 1.1% in 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 during the period. Farther Finance Advisors LLC lifted its holdings in shares of NetEase by 81.7% during the fourth quarter. Farther Finance Advisors LLC now owns 338 shares of the technology company’s stock worth $30,000 after buying an additional 152 shares during the last quarter. Finally, State Street Corp boosted its position in shares of NetEase by 0.3% in the third quarter. State Street Corp now owns 56,729 shares of the technology company’s stock valued at $5,305,000 after acquiring an additional 156 shares during the period. Institutional investors own 11.07% of the company’s stock.

Analysts Set New Price Targets

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

NetEase Trading Up 2.2 %

NASDAQ NTES opened at $102.92 on Tuesday. NetEase, Inc. has a 1-year low of $75.85 and a 1-year high of $110.15. The company has a market capitalization of $66.09 billion, a price-to-earnings ratio of 16.16, a PEG ratio of 3.37 and a beta of 0.61. The stock’s 50 day moving average is $102.11 and its two-hundred day moving average is $92.97.

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

NetEase Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were given a dividend of $0.435 per share. This represents a $1.74 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date was Thursday, March 6th. NetEase’s dividend payout ratio (DPR) is currently 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.