Live Oak Investment Partners Invests $62,000 in NetEase, Inc. (NASDAQ:NTES)

Live Oak Investment Partners purchased a new position in shares of NetEase, Inc. (NASDAQ:NTES) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 700 shares of the technology company’s stock, valued at approximately $62,000.

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

NetEase Stock Performance

Shares of NASDAQ:NTES opened at $100.60 on Wednesday. NetEase, Inc. has a 52 week low of $75.85 and a 52 week high of $111.12. The firm has a market cap of $64.60 billion, a PE ratio of 15.79, a price-to-earnings-growth ratio of 3.37 and a beta of 0.58. The firm’s fifty day moving average is $98.77 and its 200-day moving average is $90.28.

NetEase (NASDAQ:NTES) last announced its earnings results on Thursday, February 20th. The technology company reported $1.87 EPS for the quarter, topping the consensus estimate of $1.73 by $0.14. The firm had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $27.16 billion. NetEase had a return on equity of 22.12% and a net margin of 28.17%. Sell-side 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 will be paid on Thursday, March 20th. Investors of record on Thursday, March 6th will be issued a $0.435 dividend. This represents a $1.74 annualized dividend and a yield of 1.73%. The ex-dividend date is Thursday, March 6th. NetEase’s payout ratio is presently 76.45%.

Wall Street Analyst Weigh In

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