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

Shares of NetEase, Inc. (NASDAQ:NTES) have been given an average recommendation of “Moderate Buy” by the seven analysts that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $114.57.

NTES has been the topic of a number of research reports. Benchmark raised their price target on NetEase from $105.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Morgan Stanley boosted their target price on NetEase from $108.00 to $117.00 and gave the company an “overweight” rating in a report on Wednesday, February 12th. Barclays increased their price target on NetEase from $82.00 to $104.00 and gave the stock an “equal weight” rating in a report on Monday, February 24th. Bank of America boosted their price objective on shares of NetEase from $120.00 to $122.00 and gave the company a “buy” rating in a research note on Wednesday, January 15th. Finally, StockNews.com cut shares of NetEase from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 6th.

NetEase Trading Down 1.0 %

NTES stock opened at $100.72 on Friday. The company has a market capitalization of $64.68 billion, a P/E ratio of 15.81, a PEG ratio of 3.37 and a beta of 0.61. The business has a 50 day simple moving average of $102.05 and a 200-day simple moving average of $92.79. NetEase has a twelve month low of $75.85 and a twelve month high of $110.15.

NetEase (NASDAQ:NTES) last released its quarterly earnings results on Thursday, February 20th. The technology company reported $1.87 EPS for the quarter, beating the consensus estimate of $1.73 by $0.14. The firm had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $27.16 billion. NetEase had a net margin of 28.17% and a return on equity of 22.12%. Research analysts predict that NetEase will post 6.91 EPS for the current fiscal year.

NetEase Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were paid a $0.435 dividend. This represents a $1.74 annualized dividend and a dividend yield of 1.73%. The ex-dividend date was Thursday, March 6th. NetEase’s dividend payout ratio (DPR) is 76.45%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Citigroup Inc. boosted its position in NetEase by 6.9% during the third quarter. Citigroup Inc. now owns 50,349 shares of the technology company’s stock worth $4,708,000 after purchasing an additional 3,240 shares in the last quarter. Cerity Partners LLC boosted its position in shares of NetEase by 21.4% in the 3rd quarter. Cerity Partners LLC now owns 5,519 shares of the technology company’s stock worth $516,000 after buying an additional 972 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its stake in NetEase by 472.6% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 418,000 shares of the technology company’s stock valued at $39,087,000 after acquiring an additional 345,000 shares during the last quarter. RPg Family Wealth Advisory LLC purchased a new position in NetEase during the 3rd quarter valued at about $70,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in NetEase by 13,747.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,258,442 shares of the technology company’s stock valued at $585,227,000 after acquiring an additional 6,213,248 shares in the last quarter. 11.07% of the stock is currently owned by institutional investors and hedge funds.

About NetEase

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.