NetEase, Inc. (NASDAQ:NTES) Receives $112.67 Consensus Price Target from Brokerages

Shares of NetEase, Inc. (NASDAQ:NTES - Get Free Report) have earned an average recommendation of "Moderate Buy" from the six research firms that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $112.67.

Several research firms have commented on NTES. Bank of America lowered their price objective on shares of NetEase from $142.00 to $120.00 and set a "buy" rating for the company in a research report on Friday, August 23rd. Morgan Stanley reiterated an "equal weight" rating and set a $100.00 price objective on shares of NetEase in a research report on Friday, July 5th. Jefferies Financial Group lowered their price objective on shares of NetEase from $126.00 to $103.00 and set a "buy" rating for the company in a research report on Thursday, August 22nd. Barclays lowered their price objective on shares of NetEase from $104.00 to $82.00 and set an "equal weight" rating for the company in a research report on Monday, August 26th. Finally, StockNews.com lowered shares of NetEase from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 20th.

NetEase Trading Up 1.5 %

NTES traded up $1.24 during trading on Tuesday, hitting $82.32. 1,220,518 shares of the company traded hands, compared to its average volume of 1,749,860. The company has a market cap of $52.86 billion, a PE ratio of 13.43, a P/E/G ratio of 1.76 and a beta of 0.55. The stock's 50-day simple moving average is $84.28 and its two-hundred day simple moving average is $90.25. NetEase has a 1 year low of $75.85 and a 1 year high of $118.89.

NetEase (NASDAQ:NTES - Get Free Report) last posted its earnings results on Thursday, August 22nd. The technology company reported $12.05 earnings per share for the quarter, beating the consensus estimate of $1.62 by $10.43. The company had revenue of $25.49 billion during the quarter, compared to analysts' expectations of $26.01 billion. NetEase had a net margin of 26.98% and a return on equity of 22.30%. NetEase's quarterly revenue was up 6.1% on a year-over-year basis. During the same period last year, the company posted $1.75 earnings per share. Equities analysts expect that NetEase will post 6.05 EPS for the current year.

NetEase Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Friday, September 6th were paid a $0.435 dividend. This represents a $1.74 annualized dividend and a yield of 2.11%. The ex-dividend date was Friday, September 6th. NetEase's dividend payout ratio is presently 28.22%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in NTES. Mather Group LLC. increased its position in NetEase by 1,415.0% during the 2nd quarter. Mather Group LLC. now owns 303 shares of the technology company's stock valued at $31,000 after purchasing an additional 283 shares during the period. SYSTM Wealth Solutions LLC increased its position in NetEase by 55.5% during the 2nd quarter. SYSTM Wealth Solutions LLC now owns 328 shares of the technology company's stock valued at $31,000 after purchasing an additional 117 shares during the period. Ariadne Wealth Management LP purchased a new position in NetEase during the 2nd quarter valued at about $35,000. Highline Wealth Partners LLC purchased a new position in NetEase during the 3rd quarter valued at about $45,000. Finally, ORG Partners LLC purchased a new position in NetEase during the 1st quarter valued at about $50,000. Hedge funds and other institutional investors own 11.07% of the company's stock.

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.