Analysts Set NetEase, Inc. (NASDAQ:NTES) Price Target at $114.57

NetEase, Inc. (NASDAQ:NTES) has been assigned a consensus recommendation of “Moderate Buy” from the seven analysts that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $114.57.

Several research firms have issued reports on NTES. Barclays lifted their price target on shares of NetEase from $82.00 to $104.00 and gave the stock an “equal weight” rating in a research report on Monday, February 24th. Bank of America lifted their price target on shares of NetEase from $120.00 to $122.00 and gave the stock a “buy” rating in a research report on Wednesday, January 15th. Benchmark lifted their price target on shares of NetEase from $105.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Morgan Stanley lifted their price target on shares of NetEase from $108.00 to $117.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 12th. Finally, StockNews.com lowered shares of NetEase from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 6th.

Hedge Funds Weigh In On NetEase

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC grew its holdings in shares of NetEase by 81.7% during the 4th quarter. Farther Finance Advisors LLC now owns 338 shares of the technology company’s stock valued at $30,000 after acquiring an additional 152 shares in the last quarter. Brooklyn Investment Group purchased a new position in shares of NetEase during the 4th quarter valued at $34,000. UMB Bank n.a. grew its holdings in shares of NetEase by 33.3% during the 4th quarter. UMB Bank n.a. now owns 444 shares of the technology company’s stock valued at $40,000 after acquiring an additional 111 shares in the last quarter. Live Oak Investment Partners purchased a new position in shares of NetEase during the 4th quarter valued at $62,000. Finally, RPg Family Wealth Advisory LLC purchased a new position in shares of NetEase during the 3rd quarter valued at $70,000. 11.07% of the stock is currently owned by hedge funds and other institutional investors.

NetEase Price Performance

Shares of NASDAQ:NTES opened at $103.16 on Monday. NetEase has a 12 month low of $75.85 and a 12 month high of $111.12. The stock has a market cap of $66.24 billion, a price-to-earnings ratio of 16.19, a PEG ratio of 3.37 and a beta of 0.58. The stock’s 50 day moving average price is $98.99 and its 200 day moving average price is $90.37.

NetEase (NASDAQ:NTES) last posted its quarterly earnings results on Thursday, February 20th. The technology company reported $1.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.73 by $0.14. The firm had revenue of $3.66 billion for the quarter, compared to analyst estimates of $27.16 billion. NetEase had a net margin of 28.17% and a return on equity of 22.12%. On average, sell-side analysts expect that NetEase will post 6.91 EPS for the current year.

NetEase Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be given a dividend of $0.435 per share. This represents a $1.74 annualized dividend and a yield of 1.69%. The ex-dividend date is Thursday, March 6th. NetEase’s payout ratio is 76.45%.

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.