In yesterday’s Wall Street session, NetEase Inc. (NASDAQ:NTES) shares traded at $102.80, up 4.21% from the previous session.
NTES stock price is now 12.45% away from the 50-day moving average and 25.69% away from the 200-day moving average. The market capitalization of the company currently stands at $65.84B.
A total of 45.00% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in NTES stock. A new stake in NetEase Inc. shares was purchased by NUVEEN ASSET MANAGEMENT, LLC during the first quarter worth $76,743,000. MASS AVE GLOBAL INC. invested $24,055,000 in shares of NTES during the first quarter. In the first quarter, ASSENAGON ASSET MANAGEMENT S.A. acquired a new stake in NetEase Inc. valued at approximately $13,428,000. CAPRICORN FUND MANAGERS LTD acquired a new stake in NTES for approximately $12,749,000. H&H INTERNATIONAL INVESTMENT, LLC purchased a new stake in NTES valued at around $10,280,000 in the second quarter. In total, there are 564 active investors with 15.80% ownership of the company’s stock.
On Wednesday morning NetEase Inc. (NASDAQ: NTES) stock kicked off with the opening price of $101.81. During the past 12 months, NetEase Inc. has had a low of $53.09 and a high of $101.92. As of last week, the company has a debt-to-equity ratio of 0.29, a current ratio of 2.30, and a quick ratio of 2.30. According to the stock market information, the enterprise value for the company is $52.37B, which is based on a 22.15 price-to-earnings ratio, a 1.70 price-to-earnings-growth ratio, and a beta of 0.55. The fifty day moving average price for NTES is $91.69 and a two-hundred day moving average price translates $81.91 for the stock.
The latest earnings results from NetEase Inc. (NASDAQ: NTES) was released for Mar, 2023. The net profit margin was 23.20% and return on equity was 21.60% for NTES. The company reported revenue of $3.65 billion for the quarter, compared to $3.72 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -1.85 percent. For the current quarter, analysts expect NTES to generate $3.46B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 06/23/2023. Investors who held shares on 06/09/2023 were paid a $0.465 dividend. On an annualized basis, this represents a $1.53 dividend and a 1.49% percent yield. There was an ex-dividend date of 06/08/2023 for this dividend.
NetEase Inc.(NTES) Company 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. It develops and operates PC and mobile games, as well as offers games licensed from other game developers. The company’s products and services include Youdao Dictionary, an online knowledge tool; Youdao Translation, a tool specifically designed to support translation needs of business and leisure travelers; U-Dictionary, an online dictionary and translation app; Youdao Kids’ Dictionary, a smart and fun tool; smart devices, such as Youdao Dictionary Pen, Youdao Smart Learning Pad, Youdao Listening Pod, Youdao Smart Light, Youdao Pocket Translator, and Youdao Super Dictionary; online courses; interactive learning apps; and education digitalization solutions, such as Youdao Smart Learning Terminal, a device that automates paper-based homework processing; Youdao Smart Cloud, a cloud-based platform that allows third-party app developers, smart device brands, and manufacturers to the company’s OCR capabilities; and Youdao Sports, a sports-centric educational system. Its products and services also include NetEase Cloud Music, a music streaming platform; Yanxuan, an e-commerce platform, which sells private label products; www.163.com portal and related mobile app, Wangyi Xinwen, which deliver information such as news, sports events, technology, fashion trends, and online entertainment; NetEase Mail, an email service; NetEase CC Live streaming, a live streaming platform with a focus on game broadcasting; and NetEase Pay, a payment platform. The company was formerly known as NetEase.com, Inc. and changed its name to NetEase, Inc. in March 2012. NetEase, Inc. was founded in 1997 and is headquartered in Hangzhou, the People’s Republic of China.
