NetEase Inc (NASDAQ:NTES) was the target of some unusual options trading on Thursday. Stock traders acquired 538 put options on the stock. This is an increase of 121% compared to the average volume of 243 put options.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Catalyst Capital Advisors LLC acquired a new position in shares of NetEase during the third quarter worth approximately $110,000. Nippon Life Insurance Co. boosted its position in shares of NetEase by 8.9% in the third quarter. Nippon Life Insurance Co. now owns 783 shares of the company’s stock worth $189,000 after buying an additional 64 shares during the last quarter. Wetherby Asset Management Inc. boosted its position in shares of NetEase by 2.9% in the fourth quarter. Wetherby Asset Management Inc. now owns 1,003 shares of the company’s stock worth $216,000 after buying an additional 28 shares during the last quarter. Brown Advisory Inc. acquired a new position in shares of NetEase during the fourth quarter worth approximately $233,000. Finally, Navellier & Associates Inc acquired a new position in shares of NetEase during the third quarter worth approximately $240,000. 56.72% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts have recently weighed in on the company. Vetr raised NetEase from a “hold” rating to a “buy” rating and set a $303.74 price objective on the stock in a research note on Wednesday, March 8th. Zacks Investment Research raised NetEase from a “hold” rating to a “buy” rating and set a $288.00 price objective on the stock in a research note on Tuesday, February 14th. Sanford C. Bernstein assumed coverage on NetEase in a research note on Wednesday, January 11th. They issued an “underperform” rating and a $200.00 price objective on the stock. Mizuho raised NetEase from an “underperform” rating to a “neutral” rating in a research note on Thursday, February 16th. Finally, Jefferies Group LLC lifted their price objective on NetEase from $261.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday, February 16th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $281.77.
Shares of NetEase (NASDAQ:NTES) traded up 0.01% during midday trading on Thursday, hitting $265.45. The company had a trading volume of 759,693 shares. NetEase has a one year low of $130.82 and a one year high of $308.66. The firm has a market cap of $34.84 billion, a price-to-earnings ratio of 20.82 and a beta of 0.70. The company’s 50 day moving average is $287.58 and its 200 day moving average is $254.60.
NetEase (NASDAQ:NTES) last posted its quarterly earnings results on Wednesday, February 15th. The company reported $4.01 earnings per share for the quarter, beating the consensus estimate of $3.63 by $0.38. The firm had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.55 billion. NetEase had a return on equity of 32.17% and a net margin of 29.68%. Equities analysts forecast that NetEase will post $15.65 earnings per share for the current fiscal year.
NetEase Company Profile
NetEase, Inc (NetEase) is a technology company. The Company operates an interactive online community in China and is a provider of Chinese language content and services through its online games, Internet media, e-mail, e-commerce and other businesses. The Company operates through three segments: Online Game Services; Advertising Services, and E-mail, E-commerce and Others.
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