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

NetEase, Inc. (NASDAQ:NTES) has received a consensus recommendation of “Moderate Buy” from the seven ratings firms that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $108.43.

A number of research firms recently commented on NTES. Morgan Stanley upgraded shares of NetEase from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $90.00 to $108.00 in a research note on Wednesday. StockNews.com lowered shares of NetEase from a “strong-buy” rating to a “buy” rating in a report on Friday, December 6th. Citigroup lifted their price target on NetEase from $108.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Finally, Benchmark dropped their price target on NetEase from $120.00 to $105.00 and set a “buy” rating on the stock in a research note on Friday, November 15th.

NetEase Stock Performance

NetEase stock opened at $91.11 on Friday. NetEase has a one year low of $75.85 and a one year high of $114.50. The stock has a market cap of $58.51 billion, a PE ratio of 15.39, a price-to-earnings-growth ratio of 3.53 and a beta of 0.57. The stock has a 50-day moving average of $88.50 and a two-hundred day moving average of $87.80.

NetEase Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were issued a $0.435 dividend. The ex-dividend date was Friday, November 29th. This represents a $1.74 annualized dividend and a dividend yield of 1.91%. NetEase’s dividend payout ratio (DPR) is presently 29.22%.

Institutional Trading of NetEase

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. SYSTM Wealth Solutions LLC boosted its position in NetEase by 55.5% in the 2nd quarter. SYSTM Wealth Solutions LLC now owns 328 shares of the technology company’s stock worth $31,000 after purchasing an additional 117 shares in the last quarter. Ariadne Wealth Management LP acquired a new position in shares of NetEase in the 2nd quarter valued at $35,000. Highline Wealth Partners LLC purchased a new stake in NetEase during the third quarter worth $45,000. RPg Family Wealth Advisory LLC acquired a new stake in NetEase during the third quarter valued at $70,000. Finally, Allspring Global Investments Holdings LLC purchased a new position in NetEase in the third quarter valued at $76,000. 11.07% of the stock is 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.