NetEase, Inc. (NASDAQ:NTES) Receives $112.67 Consensus Target Price from Analysts

Shares of NetEase, Inc. (NASDAQ:NTES) have been assigned an average recommendation of “Moderate Buy” from the six research firms that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $112.67.

Several equities analysts recently issued reports on NTES shares. Morgan Stanley reiterated an “equal weight” rating and issued a $100.00 price objective on shares of NetEase in a research report on Friday, July 5th. Bank of America lowered their price objective on shares of NetEase from $142.00 to $120.00 and set a “buy” rating for the company in a research report on Friday, August 23rd. Barclays cut their price objective on shares of NetEase from $104.00 to $82.00 and set an “equal weight” rating on the stock in a research report on Monday, August 26th. Jefferies Financial Group lowered their target price on NetEase from $126.00 to $103.00 and set a “buy” rating for the company in a report on Thursday, August 22nd. Finally, StockNews.com lowered NetEase from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 20th.

Hedge Funds Weigh In On NetEase

Several hedge funds have recently modified their holdings of NTES. Sequoia Financial Advisors LLC boosted its position in NetEase by 4.3% during the second quarter. Sequoia Financial Advisors LLC now owns 2,575 shares of the technology company’s stock valued at $246,000 after purchasing an additional 107 shares during the last quarter. Guinness Atkinson Asset Management Inc boosted its holdings in shares of NetEase by 0.7% in the 2nd quarter. Guinness Atkinson Asset Management Inc now owns 15,422 shares of the technology company’s stock valued at $1,474,000 after buying an additional 110 shares during the last quarter. SYSTM Wealth Solutions LLC grew its stake in shares of NetEase by 55.5% in the second quarter. SYSTM Wealth Solutions LLC now owns 328 shares of the technology company’s stock valued at $31,000 after buying an additional 117 shares in the last quarter. Fifth Third Bancorp increased its holdings in NetEase by 1.9% during the second quarter. Fifth Third Bancorp now owns 7,658 shares of the technology company’s stock worth $732,000 after buying an additional 146 shares during the last quarter. Finally, Financial Advocates Investment Management increased its holdings in NetEase by 5.4% during the third quarter. Financial Advocates Investment Management now owns 4,647 shares of the technology company’s stock worth $435,000 after buying an additional 237 shares during the last quarter. Institutional investors own 11.07% of the company’s stock.

NetEase Stock Down 0.2 %

Shares of NASDAQ NTES opened at $80.51 on Tuesday. NetEase has a twelve month low of $75.85 and a twelve month high of $118.89. The stock has a market cap of $51.70 billion, a price-to-earnings ratio of 13.13, a P/E/G ratio of 1.76 and a beta of 0.55. The company’s fifty day moving average is $83.85 and its 200-day moving average is $90.05.

NetEase (NASDAQ:NTES) last issued its quarterly earnings data on Thursday, August 22nd. The technology company reported $12.05 EPS for the quarter, topping the consensus estimate of $1.62 by $10.43. NetEase had a return on equity of 22.30% and a net margin of 26.98%. The business had revenue of $25.49 billion for the quarter, compared to the consensus estimate of $26.01 billion. During the same quarter last year, the business posted $1.75 EPS. The firm’s revenue was up 6.1% compared to the same quarter last year. On average, research analysts anticipate that NetEase will post 6.05 EPS for the current fiscal year.

NetEase Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Friday, September 6th were given a dividend of $0.435 per share. The ex-dividend date of this dividend was Friday, September 6th. This represents a $1.74 annualized dividend and a yield of 2.16%. NetEase’s dividend payout ratio (DPR) is presently 28.22%.

NetEase 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.