NetEase, Inc. (NASDAQ:NTES) Shares Sold by Shelton Capital Management

Shelton Capital Management lessened its position in NetEase, Inc. (NASDAQ:NTES) by 11.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 4,389 shares of the technology company’s stock after selling 591 shares during the period. Shelton Capital Management’s holdings in NetEase were worth $392,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of NTES. Farther Finance Advisors LLC grew its holdings in NetEase by 81.7% in the fourth quarter. Farther Finance Advisors LLC now owns 338 shares of the technology company’s stock valued at $30,000 after purchasing an additional 152 shares during the period. Brooklyn Investment Group acquired a new position in shares of NetEase in the 4th quarter valued at $34,000. UMB Bank n.a. grew its stake 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 buying an additional 111 shares during the period. Live Oak Investment Partners acquired a new stake in shares of NetEase during the 4th quarter worth $62,000. Finally, Avior Wealth Management LLC raised its position in shares of NetEase by 148.9% in the 4th quarter. Avior Wealth Management LLC now owns 993 shares of the technology company’s stock worth $89,000 after buying an additional 594 shares during the period. Hedge funds and other institutional investors own 11.07% of the company’s stock.

NetEase Stock Performance

NASDAQ:NTES opened at $94.30 on Friday. The company has a market capitalization of $60.56 billion, a price-to-earnings ratio of 14.80, a price-to-earnings-growth ratio of 3.37 and a beta of 0.65. NetEase, Inc. has a one year low of $75.85 and a one year high of $110.15. The stock has a 50-day simple moving average of $101.17 and a 200 day simple moving average of $94.04.

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

NetEase Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th were issued a $0.435 dividend. The ex-dividend date was Thursday, March 6th. This represents a $1.74 annualized dividend and a dividend yield of 1.85%. NetEase’s dividend payout ratio is currently 76.45%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Barclays raised their price objective on NetEase from $82.00 to $104.00 and gave the stock an “equal weight” rating in a report on Monday, February 24th. Benchmark lifted their price target on shares of NetEase from $105.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Morgan Stanley increased their price objective 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. Finally, Bank of America lifted their target price on shares of NetEase from $120.00 to $122.00 and gave the company a “buy” rating in a report on Wednesday, January 15th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, NetEase presently has an average rating of “Moderate Buy” and an average target price of $114.57.

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.