Shares of NetEase Inc (NASDAQ:NTES) have been given a consensus recommendation of “Buy” by the eighteen ratings firms that are currently covering the stock. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and twelve have given a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $289.17.
A number of analysts have commented on NTES shares. Vetr cut shares of NetEase from a “hold” rating to a “sell” rating and set a $240.12 price target on the stock. in a research report on Monday, January 23rd. Zacks Investment Research upgraded shares of NetEase from a “sell” rating to a “hold” rating in a report on Tuesday, January 31st. Jefferies Group LLC upped their price objective on shares of NetEase from $261.00 to $300.00 and gave the company a “buy” rating in a report on Thursday, February 16th. Mizuho upgraded shares of NetEase from an “underperform” rating to a “neutral” rating in a report on Thursday, February 16th. Finally, Deutsche Bank AG set a $298.00 price objective on shares of NetEase and gave the company a “buy” rating in a report on Thursday, February 16th.
NetEase (NASDAQ:NTES) opened at 286.75 on Monday. The stock’s 50 day moving average price is $272.81 and its 200-day moving average price is $257.48. NetEase has a one year low of $161.00 and a one year high of $308.66. The stock has a market cap of $37.71 billion, a P/E ratio of 20.01 and a beta of 0.70.
NetEase (NASDAQ:NTES) last issued its quarterly earnings results on Wednesday, February 15th. The technology company reported $4.01 EPS for the quarter, beating the Zacks’ consensus estimate of $3.63 by $0.38. The business had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.55 billion. NetEase had a net margin of 29.68% and a return on equity of 32.17%. On average, analysts predict that NetEase will post $15.23 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 2nd. Shareholders of record on Friday, May 26th will be paid a $1.08 dividend. The ex-dividend date is Wednesday, May 24th. This represents a $4.32 annualized dividend and a yield of 1.53%. NetEase’s dividend payout ratio (DPR) is 25.15%.
A number of large investors have recently bought and sold shares of the stock. Navellier & Associates Inc purchased a new stake in NetEase during the third quarter valued at approximately $240,000. Strs Ohio purchased a new stake in NetEase during the third quarter valued at approximately $2,094,000. Great West Life Assurance Co. Can raised its stake in NetEase by 5.0% in the third quarter. Great West Life Assurance Co. Can now owns 31,386 shares of the technology company’s stock valued at $7,550,000 after buying an additional 1,500 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in NetEase by 7.9% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 7,120 shares of the technology company’s stock valued at $1,714,000 after buying an additional 520 shares during the period. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH raised its stake in NetEase by 10.2% in the third quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 5,400 shares of the technology company’s stock valued at $1,308,000 after buying an additional 500 shares during the period. Hedge funds and other institutional investors own 56.72% of the company’s stock.
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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