NetEase, Inc. (NASDAQ:NTES) Receives Consensus Recommendation of “Buy” from Analysts

Shares of NetEase, Inc. (NASDAQ:NTESGet Rating) have been assigned a consensus recommendation of “Buy” from the nine brokerages that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $125.63.

Several equities research analysts recently weighed in on the stock. Citigroup increased their target price on shares of NetEase from $132.00 to $140.00 and gave the company a “buy” rating in a research note on Friday, August 19th. Macquarie started coverage on shares of NetEase in a research note on Tuesday, July 5th. They set an “outperform” rating and a $129.00 price target for the company. StockNews.com upgraded shares of NetEase from a “buy” rating to a “strong-buy” rating in a research note on Monday, August 22nd. Finally, JPMorgan Chase & Co. cut shares of NetEase from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $120.00 to $90.00 in a research note on Wednesday, September 7th.

Institutional Trading of NetEase

Institutional investors have recently bought and sold shares of the business. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in NetEase during the 2nd quarter worth $31,000. James Investment Research Inc. acquired a new stake in NetEase during the 2nd quarter worth $34,000. CWM LLC grew its holdings in NetEase by 127.7% during the 2nd quarter. CWM LLC now owns 444 shares of the technology company’s stock worth $41,000 after acquiring an additional 249 shares during the period. Strs Ohio acquired a new position in shares of NetEase in the 2nd quarter valued at $56,000. Finally, CI Investments Inc. grew its holdings in shares of NetEase by 25.3% in the 2nd quarter. CI Investments Inc. now owns 643 shares of the technology company’s stock valued at $60,000 after buying an additional 130 shares during the period. Institutional investors and hedge funds own 14.76% of the company’s stock.

NetEase Stock Down 1.0 %

NASDAQ NTES opened at $78.95 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.21 and a current ratio of 2.23. The firm has a 50-day simple moving average of $89.04 and a 200 day simple moving average of $91.78. NetEase has a twelve month low of $68.62 and a twelve month high of $118.19. The stock has a market cap of $51.69 billion, a PE ratio of 18.32, a PEG ratio of 1.61 and a beta of 0.43.

NetEase Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 16th. Investors of record on Thursday, September 1st were issued a $0.36 dividend. The ex-dividend date of this dividend was Wednesday, August 31st. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.82%. This is a positive change from NetEase’s previous quarterly dividend of $0.32. NetEase’s dividend payout ratio (DPR) is currently 33.18%.

NetEase Company Profile

(Get Rating)

NetEase, Inc provides online services focusing on diverse content, community, communication, and commerce in the Peoples' Republic of China and internationally. The company operates in three segments: Online Game Services, Youdao, Cloud Music, and Innovative Businesses and Others. It develops and operates PC and mobile games, as well as offers games licensed from other game developers.

Further Reading

Analyst Recommendations for NetEase (NASDAQ:NTES)

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