NetEase (NASDAQ:NTES - Free Report) had its price target boosted by Barclays from $82.00 to $104.00 in a report issued on Monday,Benzinga reports. They currently have an equal weight rating on the technology company's stock.
Several other brokerages have also recently commented on NTES. Citigroup boosted their target price on shares of NetEase from $108.00 to $115.00 and gave the company a "buy" rating in a research report on Friday, November 15th. Morgan Stanley boosted their price objective on shares of NetEase from $108.00 to $117.00 and gave the company an "overweight" rating in a research report on Wednesday, February 12th. Bank of America upped their target price on NetEase from $120.00 to $122.00 and gave the stock a "buy" rating in a research note on Wednesday, January 15th. StockNews.com lowered NetEase from a "strong-buy" rating to a "buy" rating in a research note on Friday, December 6th. Finally, Benchmark upped their price objective on NetEase from $105.00 to $115.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $114.57.
Get Our Latest Analysis on NTES
NetEase Price Performance
NASDAQ:NTES traded down $0.82 during trading hours on Monday, reaching $100.45. 1,014,960 shares of the company were exchanged, compared to its average volume of 1,381,856. The company has a market capitalization of $64.50 billion, a P/E ratio of 15.77, a P/E/G ratio of 3.37 and a beta of 0.58. The business has a 50 day moving average of $98.20 and a 200 day moving average of $89.99. NetEase has a 1-year low of $75.85 and a 1-year high of $113.77.
NetEase (NASDAQ:NTES - Get Free Report) last released its earnings results on Thursday, February 20th. The technology company reported $1.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.73 by $0.14. The company had revenue of $3.66 billion for the quarter, compared to analyst estimates of $27.16 billion. NetEase had a return on equity of 22.12% and a net margin of 28.17%. As a group, equities research analysts anticipate that NetEase will post 6.91 earnings per share for the current fiscal year.
NetEase Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 6th will be given a dividend of $0.435 per share. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $1.74 dividend on an annualized basis and a yield of 1.73%. NetEase's dividend payout ratio is currently 76.45%.
Hedge Funds Weigh In On NetEase
Large investors have recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of NetEase by 13,747.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,258,442 shares of the technology company's stock worth $585,227,000 after purchasing an additional 6,213,248 shares during the last quarter. Hhlr Advisors LTD. boosted its position in NetEase by 86.8% during the 3rd quarter. Hhlr Advisors LTD. now owns 2,588,943 shares of the technology company's stock worth $242,092,000 after buying an additional 1,203,129 shares during the period. Invesco Ltd. grew its holdings in NetEase by 88.0% during the 4th quarter. Invesco Ltd. now owns 2,365,464 shares of the technology company's stock worth $211,023,000 after acquiring an additional 1,107,363 shares during the last quarter. Capital World Investors increased its position in NetEase by 40.6% in the 4th quarter. Capital World Investors now owns 3,725,046 shares of the technology company's stock valued at $332,311,000 after acquiring an additional 1,074,818 shares during the period. Finally, FIL Ltd raised its stake in shares of NetEase by 160.2% during the fourth quarter. FIL Ltd now owns 1,668,359 shares of the technology company's stock valued at $148,834,000 after acquiring an additional 1,027,102 shares during the last quarter. 11.07% of the stock is currently owned by institutional investors.
About NetEase
(
Get Free Report)
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.
Featured Articles
Before you consider NetEase, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and NetEase wasn't on the list.
While NetEase currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
