NetEase (NTES) Lifted to “Underperform” at CLSA

CLSA upgraded shares of NetEase (NASDAQ:NTES) from a sell rating to an underperform rating in a report released on Thursday, Marketbeat.com reports.

A number of other analysts have also recently weighed in on NTES. Zacks Investment Research upgraded shares of NetEase from a strong sell rating to a hold rating in a research note on Wednesday, October 11th. UBS Group cut shares of NetEase from a buy rating to a neutral rating in a research note on Monday, October 30th. Vetr cut shares of NetEase from a strong-buy rating to a buy rating and set a $313.68 target price for the company. in a research note on Monday, November 6th. ValuEngine upgraded shares of NetEase from a hold rating to a buy rating in a research note on Friday, November 10th. Finally, Citigroup reiterated a buy rating and set a $351.00 target price on shares of NetEase in a research note on Thursday, November 16th. Three analysts have rated the stock with a sell rating, seven have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. NetEase presently has a consensus rating of Hold and a consensus target price of $349.14.

Shares of NetEase (NASDAQ NTES) opened at $291.63 on Thursday. NetEase has a one year low of $252.54 and a one year high of $377.64. The firm has a market cap of $38,524.61, a price-to-earnings ratio of 24.40, a PEG ratio of 1.49 and a beta of 0.75.

NetEase (NASDAQ:NTES) last issued its quarterly earnings data on Wednesday, November 15th. The technology company reported $2.86 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.66 by $0.20. NetEase had a net margin of 19.64% and a return on equity of 25.54%. The business had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.84 billion. equities research analysts forecast that NetEase will post 13.3 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Investors of record on Friday, February 23rd will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 0.52%. NetEase’s payout ratio is currently 30.38%.

NetEase declared that its board has approved a stock buyback plan on Wednesday, November 15th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the technology company to purchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board of directors believes its shares are undervalued.

A number of large investors have recently added to or reduced their stakes in NTES. Ladenburg Thalmann Financial Services Inc. increased its holdings in 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. increased its holdings in 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 bought a new stake in NetEase in the 4th quarter valued at $204,000. Mariner Wealth Advisors LLC bought a new stake in NetEase in the 4th quarter valued at $233,000. Finally, Hikari Power Ltd bought a new stake in NetEase in the 4th quarter valued at $242,000. Hedge funds and other institutional investors 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.

Analyst Recommendations for NetEase (NASDAQ:NTES)

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