Analysts Set NetEase, Inc. (NASDAQ:NTES) Target Price at $114.57

NetEase, Inc. (NASDAQ:NTES - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the six ratings firms that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $112.67.

Several equities research analysts recently commented on the stock. Barclays boosted their price objective on shares of NetEase from $82.00 to $104.00 and gave the stock an "equal weight" rating in a research note on Monday, February 24th. Benchmark upped their price target on NetEase from $105.00 to $115.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. Bank of America lifted their price objective on NetEase from $120.00 to $122.00 and gave the company a "buy" rating in a research note on Wednesday, January 15th. Finally, Morgan Stanley increased their target price on NetEase from $108.00 to $117.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 12th.

Hedge Funds Weigh In On NetEase

A number of hedge funds have recently bought and sold shares of NTES. Farther Finance Advisors LLC grew its stake in shares of NetEase by 81.7% in the fourth quarter. Farther Finance Advisors LLC now owns 338 shares of the technology company's stock worth $30,000 after acquiring an additional 152 shares during the period. Mather Group LLC. grew its position in NetEase by 1,415.0% in the 1st quarter. Mather Group LLC. now owns 303 shares of the technology company's stock worth $31,000 after purchasing an additional 283 shares during the period. Brooklyn Investment Group bought a new stake in NetEase in the 4th quarter worth approximately $34,000. UMB Bank n.a. lifted its holdings in shares of NetEase by 33.3% during the 4th 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 during the period. Finally, Live Oak Investment Partners purchased a new position in shares of NetEase in the 4th quarter worth $62,000. Hedge funds and other institutional investors own 11.07% of the company's stock.

NetEase Stock Down 0.0 %

Shares of NASDAQ:NTES traded down $0.05 during trading on Tuesday, hitting $105.86. The stock had a trading volume of 712,804 shares, compared to its average volume of 1,623,950. NetEase has a 12 month low of $75.85 and a 12 month high of $110.15. The company has a market capitalization of $67.98 billion, a PE ratio of 16.62, a PEG ratio of 3.37 and a beta of 0.65. The firm's fifty day moving average is $100.43 and its 200 day moving average is $94.39.

NetEase (NASDAQ:NTES - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The technology company reported $1.87 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.73 by $0.14. NetEase had a return on equity of 22.12% and a net margin of 28.17%. The business had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $27.16 billion. Equities research analysts expect that NetEase will post 6.91 EPS for the current fiscal year.

NetEase Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were given a dividend of $0.435 per share. The ex-dividend date was Thursday, March 6th. This represents a $1.74 annualized dividend and a dividend yield of 1.64%. NetEase's dividend payout ratio (DPR) is presently 76.45%.

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.