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

Shares of NetEase, Inc. (NASDAQ:NTES) have earned a consensus rating of “Moderate Buy” from the seven brokerages that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $108.71.

A number of equities analysts have issued reports on the company. Bank of America increased their price target on NetEase from $120.00 to $122.00 and gave the stock a “buy” rating in a research report on Wednesday, January 15th. Citigroup increased 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. Morgan Stanley upgraded NetEase from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $90.00 to $108.00 in a research report on Wednesday, January 8th. Benchmark decreased their target price on NetEase from $120.00 to $105.00 and set a “buy” rating on the stock in a research report on Friday, November 15th. Finally, StockNews.com downgraded NetEase from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 6th.

Institutional Trading of NetEase

Several institutional investors and hedge funds have recently added to or reduced their stakes in NTES. Guinness Asset Management LTD increased its stake in NetEase by 16.7% in the 3rd quarter. Guinness Asset Management LTD now owns 86,741 shares of the technology company’s stock valued at $8,111,000 after purchasing an additional 12,410 shares in the last quarter. Assetmark Inc. increased its stake in NetEase by 27.3% in the 3rd quarter. Assetmark Inc. now owns 38,469 shares of the technology company’s stock valued at $3,597,000 after purchasing an additional 8,248 shares in the last quarter. Cetera Investment Advisers increased its stake in NetEase by 56.8% in the 2nd quarter. Cetera Investment Advisers now owns 17,123 shares of the technology company’s stock valued at $1,637,000 after purchasing an additional 6,203 shares in the last quarter. State of New Jersey Common Pension Fund D increased its stake in NetEase by 87.0% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 75,282 shares of the technology company’s stock valued at $7,040,000 after purchasing an additional 35,031 shares in the last quarter. Finally, APEIRON CAPITAL Ltd increased its stake in NetEase by 20.5% in the 4th quarter. APEIRON CAPITAL Ltd now owns 129,321 shares of the technology company’s stock valued at $11,537,000 after purchasing an additional 22,000 shares in the last quarter. 11.07% of the stock is owned by hedge funds and other institutional investors.

NetEase Stock Up 0.1 %

NetEase stock opened at $101.27 on Thursday. The firm has a market cap of $65.03 billion, a price-to-earnings ratio of 17.11, a price-to-earnings-growth ratio of 3.44 and a beta of 0.58. NetEase has a 52 week low of $75.85 and a 52 week high of $114.50. The business’s 50-day moving average price is $94.65 and its 200 day moving average price is $88.61.

NetEase Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were given a $0.435 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.74 dividend on an annualized basis and a dividend yield of 1.72%. NetEase’s dividend payout ratio (DPR) 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.