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

Shares of NetEase, Inc. (NASDAQ:NTES) have earned an average recommendation of “Moderate Buy” from the seven analysts that are presently covering the firm, 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 price objective among analysts that have issued a report on the stock in the last year is $114.57.

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

Institutional Trading of NetEase

A number of hedge funds and other institutional investors have recently made changes to their positions in NTES. Farther Finance Advisors LLC boosted its stake in NetEase by 81.7% during the 4th quarter. Farther Finance Advisors LLC now owns 338 shares of the technology company’s stock valued at $30,000 after purchasing an additional 152 shares in the last quarter. Brooklyn Investment Group bought a new position in NetEase during the fourth quarter valued at about $34,000. UMB Bank n.a. boosted its stake in NetEase by 33.3% during the fourth quarter. UMB Bank n.a. now owns 444 shares of the technology company’s stock valued at $40,000 after buying an additional 111 shares in the last quarter. Live Oak Investment Partners bought a new stake in NetEase in the fourth quarter worth about $62,000. Finally, RPg Family Wealth Advisory LLC bought a new stake in NetEase in the third quarter worth about $70,000. 11.07% of the stock is currently owned by institutional investors.

NetEase Stock Up 1.0 %

Shares of NTES opened at $101.75 on Friday. The firm has a market cap of $65.34 billion, a price-to-earnings ratio of 15.97, a PEG ratio of 3.37 and a beta of 0.61. The business’s 50 day moving average is $102.03 and its two-hundred day moving average is $92.42. NetEase has a 52-week low of $75.85 and a 52-week high of $110.15.

NetEase (NASDAQ:NTES) last posted its quarterly earnings results on Thursday, February 20th. The technology company reported $1.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.73 by $0.14. The firm had revenue of $3.66 billion for the quarter, compared to analysts’ expectations of $27.16 billion. NetEase had a net margin of 28.17% and a return on equity of 22.12%. On average, equities analysts expect that NetEase will post 6.91 earnings per share for the current fiscal year.

NetEase Announces Dividend

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

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.