NetEase, Inc. (NASDAQ:NTES) Given Consensus Rating of “Moderate Buy” by Brokerages

NetEase, Inc. (NASDAQ:NTES) has been assigned a consensus rating of “Moderate Buy” from the seven ratings firms that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $107.29.

Several research firms have weighed in on NTES. Barclays lowered their price objective on shares of NetEase from $104.00 to $82.00 and set an “equal weight” rating for the company in a research report on Monday, August 26th. 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. StockNews.com cut shares of NetEase from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 6th. Benchmark lowered their price objective on shares of NetEase from $120.00 to $105.00 and set a “buy” rating for the company in a research report on Friday, November 15th. Finally, Jefferies Financial Group lowered their price objective on shares of NetEase from $126.00 to $103.00 and set a “buy” rating for the company in a research report on Thursday, August 22nd.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of NTES. Wealth Enhancement Advisory Services LLC boosted its stake in NetEase by 26.2% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 11,986 shares of the technology company’s stock worth $1,146,000 after acquiring an additional 2,485 shares during the last quarter. Raymond James & Associates boosted its stake in NetEase by 20.5% during the 2nd quarter. Raymond James & Associates now owns 25,823 shares of the technology company’s stock worth $2,468,000 after acquiring an additional 4,395 shares during the last quarter. Fifth Third Bancorp boosted its stake in NetEase by 1.9% during the 2nd quarter. Fifth Third Bancorp now owns 7,658 shares of the technology company’s stock worth $732,000 after acquiring an additional 146 shares during the last quarter. Advisory Resource Group boosted its stake in NetEase by 24.1% during the 2nd quarter. Advisory Resource Group now owns 10,345 shares of the technology company’s stock worth $989,000 after acquiring an additional 2,010 shares during the last quarter. Finally, Financial Advocates Investment Management bought a new position in NetEase during the 2nd quarter worth approximately $421,000. Institutional investors own 11.07% of the company’s stock.

NetEase Stock Up 0.3 %

Shares of NetEase stock opened at $93.63 on Wednesday. The stock has a market capitalization of $60.13 billion, a P/E ratio of 15.82, a price-to-earnings-growth ratio of 3.53 and a beta of 0.57. The company has a 50-day simple moving average of $85.46 and a 200 day simple moving average of $87.92. NetEase has a 12-month low of $75.85 and a 12-month high of $114.50.

NetEase Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were paid a $0.435 dividend. This represents a $1.74 annualized dividend and a dividend yield of 1.86%. The ex-dividend date was Friday, November 29th. NetEase’s dividend payout ratio (DPR) is presently 29.22%.

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.