NetEase, Inc. (NASDAQ:NTES) Receives Average Recommendation of “Buy” from Brokerages

Shares of NetEase, Inc. (NASDAQ:NTESGet Free Report) have been assigned an average rating of “Buy” from the seven brokerages that are presently covering the stock, Marketbeat Ratings reports. Seven research analysts have rated the stock with a buy recommendation. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $126.00.

A number of equities analysts have recently issued reports on the company. Morgan Stanley lowered their price objective on NetEase from $135.00 to $120.00 and set an “overweight” rating for the company in a research report on Friday, April 12th. HSBC lowered their price objective on NetEase from $130.00 to $126.00 and set a “buy” rating for the company in a research report on Wednesday, April 24th. Finally, StockNews.com upgraded NetEase from a “buy” rating to a “strong-buy” rating in a report on Wednesday, May 8th.

View Our Latest Stock Analysis on NetEase

Institutional Investors Weigh In On NetEase

Hedge funds have recently added to or reduced their stakes in the company. Private Trust Co. NA grew its stake in NetEase by 418.9% in the fourth quarter. Private Trust Co. NA now owns 275 shares of the technology company’s stock valued at $26,000 after acquiring an additional 222 shares during the period. Chilton Capital Management LLC acquired a new stake in NetEase in the fourth quarter valued at approximately $37,000. USA Financial Formulas grew its stake in NetEase by 1,153.1% in the fourth quarter. USA Financial Formulas now owns 401 shares of the technology company’s stock valued at $37,000 after acquiring an additional 369 shares during the period. UMB Bank n.a. acquired a new stake in NetEase in the first quarter valued at approximately $50,000. Finally, ORG Partners LLC acquired a new stake in NetEase in the first quarter valued at approximately $50,000. Institutional investors and hedge funds own 11.07% of the company’s stock.

NetEase Price Performance

Shares of NTES opened at $99.49 on Tuesday. NetEase has a 1 year low of $80.79 and a 1 year high of $118.89. The company has a market capitalization of $64.14 billion, a price-to-earnings ratio of 15.72, a price-to-earnings-growth ratio of 0.90 and a beta of 0.58. The business has a 50-day moving average of $100.02 and a 200-day moving average of $102.46.

NetEase (NASDAQ:NTESGet Free Report) last issued its quarterly earnings data on Thursday, February 29th. The technology company reported $1.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.20). NetEase had a return on equity of 24.36% and a net margin of 28.39%. The company had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $3.96 billion. As a group, sell-side analysts anticipate that NetEase will post 7.04 EPS for the current year.

NetEase Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were issued a $1.08 dividend. This is an increase from NetEase’s previous quarterly dividend of $0.50. This represents a $4.32 dividend on an annualized basis and a yield of 4.34%. The ex-dividend date was Wednesday, March 13th. NetEase’s payout ratio is presently 68.09%.

About NetEase

(Get Free Report

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.

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Analyst Recommendations for NetEase (NASDAQ:NTES)

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