NetEase, Inc. (NASDAQ:NTES) Receives $107.29 Consensus Target Price from Brokerages

Shares of NetEase, Inc. (NASDAQ:NTES) have earned an average rating of “Moderate Buy” from the seven ratings firms that are covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $107.29.

NTES has been the subject of a number of recent analyst reports. Jefferies Financial Group lowered their price target on shares of NetEase from $126.00 to $103.00 and set a “buy” rating for the company in a report on Thursday, August 22nd. Bank of America dropped their target price on shares of NetEase from $142.00 to $120.00 and set a “buy” rating for the company in a report on Friday, August 23rd. Barclays cut their target price on NetEase from $104.00 to $82.00 and set an “equal weight” rating on the stock in a research note on Monday, August 26th. Benchmark lowered their price target on NetEase from $120.00 to $105.00 and set a “buy” rating for the company in a research report on Friday, November 15th. Finally, Citigroup lifted their price objective on NetEase from $108.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, November 15th.

Hedge Funds Weigh In On NetEase

Institutional investors have recently added to or reduced their stakes in the company. World Investment Advisors LLC purchased a new stake in shares of NetEase in the 3rd quarter worth about $4,138,000. Sanctuary Advisors LLC grew its holdings in NetEase by 5.6% in the third quarter. Sanctuary Advisors LLC now owns 13,245 shares of the technology company’s stock worth $1,145,000 after purchasing an additional 701 shares during the period. Advisory Resource Group increased its stake in shares of NetEase by 22.0% during the third quarter. Advisory Resource Group now owns 12,626 shares of the technology company’s stock valued at $1,181,000 after purchasing an additional 2,281 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of NetEase during the third quarter valued at approximately $11,636,000. Finally, MML Investors Services LLC lifted its holdings in shares of NetEase by 12.1% during the third quarter. MML Investors Services LLC now owns 3,954 shares of the technology company’s stock valued at $370,000 after purchasing an additional 428 shares during the last quarter. Institutional investors own 11.07% of the company’s stock.

NetEase Price Performance

Shares of NetEase stock opened at $85.40 on Friday. NetEase has a one year low of $75.85 and a one year high of $115.10. The business’s 50 day simple moving average is $84.92 and its two-hundred day simple moving average is $88.43. The stock has a market capitalization of $54.84 billion, a P/E ratio of 14.43, a price-to-earnings-growth ratio of 3.27 and a beta of 0.57.

NetEase Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given a dividend of $0.435 per share. The ex-dividend date is Friday, November 29th. This represents a $1.74 annualized dividend and a dividend yield of 2.04%. NetEase’s dividend payout ratio is presently 29.22%.

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.