Several other research firms also recently weighed in on NTES. Vetr raised NetEase from a hold rating to a buy rating and set a $323.68 target price for the company in a research report on Monday, November 13th. ValuEngine raised NetEase from a hold rating to a buy rating in a research report on Friday, November 10th. Deutsche Bank set a $334.00 target price on NetEase and gave the company a buy rating in a research report on Thursday, November 16th. Citigroup reaffirmed a buy rating and issued a $351.00 target price on shares of NetEase in a research report on Thursday, November 16th. Finally, Bank of America lifted their target price on NetEase from $347.00 to $361.00 and gave the company a buy rating in a research report on Friday, November 17th. Three analysts have rated the stock with a sell rating, seven have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. NetEase has a consensus rating of Hold and an average target price of $349.14.
Shares of NetEase (NTES) opened at $291.63 on Tuesday. The stock has a market capitalization of $38,520.00, a PE ratio of 18.66, a P/E/G ratio of 1.58 and a beta of 0.75. NetEase has a 52-week low of $252.54 and a 52-week high of $377.64.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Shareholders of record on Friday, February 23rd will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 0.52%. NetEase’s dividend payout ratio is currently 23.22%.
NetEase declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, November 15th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the technology company to buy shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.
Several institutional investors and hedge funds have recently made changes to their positions in NTES. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of NetEase by 117.6% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 494 shares of the technology company’s stock valued at $131,000 after buying an additional 267 shares during the period. PNC Financial Services Group Inc. boosted its stake in shares of NetEase by 22.4% in the 2nd quarter. PNC Financial Services Group Inc. now owns 536 shares of the technology company’s stock valued at $161,000 after buying an additional 98 shares during the period. Cibc Bank USA purchased a new position in shares of NetEase in the 4th quarter valued at about $204,000. Raymond James Financial Services Advisors Inc. purchased a new position in shares of NetEase in the 2nd quarter valued at about $218,000. Finally, Mariner Wealth Advisors LLC purchased a new position in shares of NetEase in the 4th quarter valued at about $233,000. Institutional investors and hedge funds own 48.89% of the company’s stock.
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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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