NetEase, Inc. (NASDAQ:NTES) Receives $107.29 Consensus Target Price from Brokerages

Shares of NetEase, Inc. (NASDAQ:NTES - Get Free Report) have received an average recommendation of "Moderate Buy" from the seven ratings firms that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $107.29.

Several brokerages have recently weighed in on NTES. Bank of America dropped their price objective on shares of NetEase from $142.00 to $120.00 and set a "buy" rating on the stock in a research report on Friday, August 23rd. Jefferies Financial Group reduced their price objective on NetEase from $126.00 to $103.00 and set a "buy" rating for the company in a report on Thursday, August 22nd. Barclays decreased their target price on NetEase from $104.00 to $82.00 and set an "equal weight" rating on the stock in a research report on Monday, August 26th. Benchmark dropped their price target on NetEase from $120.00 to $105.00 and set a "buy" rating for the company in a report on Friday, November 15th. Finally, Citigroup upped their price objective on NetEase from $108.00 to $115.00 and gave the company a "buy" rating in a report on Friday, November 15th.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Guinness Asset Management LTD lifted its stake in NetEase by 16.7% during the third quarter. Guinness Asset Management LTD now owns 86,741 shares of the technology company's stock worth $8,111,000 after purchasing an additional 12,410 shares during the last quarter. Assetmark Inc. lifted its position in shares of NetEase by 27.3% during the 3rd quarter. Assetmark Inc. now owns 38,469 shares of the technology company's stock worth $3,597,000 after buying an additional 8,248 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of NetEase by 15.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 569,633 shares of the technology company's stock worth $54,502,000 after buying an additional 76,446 shares during the last quarter. Van ECK Associates Corp raised its stake in NetEase by 2.2% during the second quarter. Van ECK Associates Corp now owns 593,423 shares of the technology company's stock worth $56,719,000 after acquiring an additional 12,908 shares in the last quarter. Finally, Cetera Investment Advisers lifted its holdings in shares of NetEase by 56.8% in the second quarter. Cetera Investment Advisers now owns 17,123 shares of the technology company's stock worth $1,637,000 after acquiring an additional 6,203 shares during the last quarter. Institutional investors own 11.07% of the company's stock.

NetEase Price Performance

NASDAQ NTES traded down $2.23 during trading on Wednesday, reaching $91.40. 954,763 shares of the company's stock were exchanged, compared to its average volume of 1,718,417. The business has a 50 day moving average price of $85.51 and a 200-day moving average price of $87.94. The stock has a market capitalization of $58.69 billion, a P/E ratio of 15.44, a PEG ratio of 3.53 and a beta of 0.57. NetEase has a fifty-two week low of $75.85 and a fifty-two week high of $114.50.

NetEase Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were given a dividend of $0.435 per share. The ex-dividend date was Friday, November 29th. This represents a $1.74 dividend on an annualized basis and a dividend yield of 1.90%. NetEase's payout ratio is 29.22%.

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.