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

Shares of NetEase, Inc. (NASDAQ:NTES) have been given a consensus rating of “Moderate Buy” by the seven research firms that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $114.57.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of NTES. WT Asset Management Ltd acquired a new stake in shares of NetEase during the 4th quarter valued at about $2,624,000. SG Americas Securities LLC acquired a new stake in NetEase in the fourth quarter valued at approximately $654,000. APEIRON CAPITAL Ltd lifted its stake in NetEase by 20.5% in the fourth quarter. APEIRON CAPITAL Ltd now owns 129,321 shares of the technology company’s stock valued at $11,537,000 after acquiring an additional 22,000 shares during the last quarter. SVB Wealth LLC bought a new stake in NetEase in the fourth quarter worth approximately $3,817,000. Finally, Greenwoods Asset Management Hong Kong Ltd. raised its holdings in shares of NetEase by 10.8% during the 4th quarter. Greenwoods Asset Management Hong Kong Ltd. now owns 3,632,870 shares of the technology company’s stock valued at $324,088,000 after purchasing an additional 354,273 shares in the last quarter. Hedge funds and other institutional investors own 11.07% of the company’s stock.

NetEase Stock Performance

Shares of NASDAQ:NTES opened at $101.75 on Friday. The company has a market capitalization of $65.34 billion, a PE ratio of 15.97, a price-to-earnings-growth ratio of 3.37 and a beta of 0.61. The stock has a fifty day moving average of $102.03 and a 200-day moving average of $92.42. NetEase has a one year low of $75.85 and a one year high of $110.15.

NetEase (NASDAQ:NTES) last announced its earnings results on Thursday, February 20th. The technology company reported $1.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.73 by $0.14. NetEase had a return on equity of 22.12% and a net margin of 28.17%. The company had revenue of $3.66 billion for the quarter, compared to analyst estimates of $27.16 billion. As a group, research analysts forecast that NetEase will post 6.91 EPS for the current fiscal year.

NetEase Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were issued a dividend of $0.435 per share. The ex-dividend date was Thursday, March 6th. This represents a $1.74 annualized dividend and a dividend yield of 1.71%. NetEase’s dividend payout ratio is 76.45%.

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.