NetEase Inc (NTES) Position Lowered by Los Angeles Capital Management & Equity Research Inc.

Los Angeles Capital Management & Equity Research Inc. trimmed its stake in NetEase Inc (NASDAQ:NTES) by 80.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,600 shares of the technology company’s stock after selling 18,700 shares during the period. Los Angeles Capital Management & Equity Research Inc.’s holdings in NetEase were worth $1,050,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Gulf International Bank UK Ltd lifted its stake in shares of NetEase by 5.3% in the 3rd quarter. Gulf International Bank UK Ltd now owns 20,000 shares of the technology company’s stock worth $4,565,000 after acquiring an additional 1,000 shares during the period. BP PLC lifted its stake in shares of NetEase by 3.9% in the 3rd quarter. BP PLC now owns 7,979 shares of the technology company’s stock worth $1,820,000 after acquiring an additional 300 shares during the period. CIBC Asset Management Inc lifted its stake in shares of NetEase by 4.5% in the 3rd quarter. CIBC Asset Management Inc now owns 6,468 shares of the technology company’s stock worth $1,476,000 after acquiring an additional 281 shares during the period. Cambridge Investment Research Advisors Inc. lifted its stake in shares of NetEase by 230.8% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 5,633 shares of the technology company’s stock worth $1,286,000 after acquiring an additional 3,930 shares during the period. Finally, Comerica Bank lifted its stake in shares of NetEase by 5.5% in the 3rd quarter. Comerica Bank now owns 7,613 shares of the technology company’s stock worth $1,606,000 after acquiring an additional 398 shares during the period. 43.64% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NTES opened at $233.58 on Friday. The stock has a market capitalization of $30.68 billion, a PE ratio of 18.82, a P/E/G ratio of 1.53 and a beta of 0.96. NetEase Inc has a 52-week low of $184.60 and a 52-week high of $377.64.

NetEase (NASDAQ:NTES) last announced its quarterly earnings results on Wednesday, November 14th. The technology company reported $1.80 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.10 by ($0.30). The company had revenue of $2.45 billion during the quarter, compared to analysts’ expectations of $2.42 billion. NetEase had a net margin of 9.22% and a return on equity of 12.66%. The business’s revenue for the quarter was up 30.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.43 EPS. As a group, analysts forecast that NetEase Inc will post 7.27 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 7th. Shareholders of record on Friday, November 30th will be issued a dividend of $0.45 per share. The ex-dividend date is Thursday, November 29th. This represents a $1.80 annualized dividend and a yield of 0.77%. NetEase’s dividend payout ratio (DPR) is currently 19.58%.

Several research firms have recently commented on NTES. TheStreet upgraded shares of NetEase from a “c+” rating to a “b” rating in a research note on Friday, August 10th. Zacks Investment Research downgraded shares of NetEase from a “hold” rating to a “sell” rating in a report on Wednesday, October 24th. Nomura increased their price target on shares of NetEase from $265.00 to $267.00 and gave the company a “buy” rating in a report on Friday, November 16th. BidaskClub downgraded shares of NetEase from a “sell” rating to a “strong sell” rating in a report on Friday, September 7th. Finally, Macquarie downgraded shares of NetEase from an “outperform” rating to a “neutral” rating in a report on Thursday, August 9th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $298.10.

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NetEase Company Profile

NetEase, Inc operates an interactive online community in the People's Republic of China. The company operates through Online Game Services; E-Commerce; Advertising Services; and Email and Others segments. It offers various games in a range of genres through mobile devices and PCs, including role playing games, MMORPGs, battle arena games, simulation games, collectible card games, first-person shooter games, sandbox games, and other types of games to the Chinese market.

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Institutional Ownership by Quarter for NetEase (NASDAQ:NTES)

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