NetEase, Inc. (NASDAQ:NTES) Receives Average Rating of "Moderate Buy" from Analysts

NetEase, Inc. (NASDAQ:NTES - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the seven ratings firms that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $114.57.

Several equities research analysts recently commented on the stock. Bank of America boosted their price target on shares of NetEase from $120.00 to $122.00 and gave the stock a "buy" rating in a report on Wednesday, January 15th. Barclays boosted their price objective on NetEase from $82.00 to $104.00 and gave the stock an "equal weight" rating in a research note on Monday, February 24th. Morgan Stanley lifted their price target on NetEase from $108.00 to $117.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 12th. StockNews.com cut shares of NetEase from a "strong-buy" rating to a "buy" rating in a research note on Friday, December 6th. Finally, Benchmark raised their price target on shares of NetEase from $105.00 to $115.00 and gave the stock a "buy" rating in a research note on Friday, February 21st.

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NetEase Stock Up 3.3 %

Shares of NTES traded up $3.43 during trading hours on Friday, reaching $106.35. 1,251,340 shares of the company traded hands, compared to its average volume of 1,577,045. NetEase has a 12-month low of $75.85 and a 12-month high of $110.15. The stock has a market capitalization of $68.29 billion, a P/E ratio of 16.70, a P/E/G ratio of 3.37 and a beta of 0.61. The business has a fifty day moving average price of $102.22 and a 200-day moving average price of $93.18.

NetEase (NASDAQ:NTES - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The technology company reported $1.87 earnings per share for the quarter, beating analysts' consensus estimates of $1.73 by $0.14. The business had revenue of $3.66 billion during 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, research analysts predict that NetEase will post 6.91 EPS for the current fiscal year.

NetEase Announces Dividend

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in NTES. WT Asset Management Ltd acquired a new stake in NetEase during the 4th quarter worth $2,624,000. SG Americas Securities LLC acquired a new position in NetEase during the fourth quarter worth approximately $654,000. APEIRON CAPITAL Ltd lifted its stake in NetEase by 20.5% in the fourth quarter. APEIRON CAPITAL Ltd now owns 129,321 shares of the technology company's stock valued at $11,537,000 after buying an additional 22,000 shares during the last quarter. SVB Wealth LLC purchased a new stake in NetEase in the fourth quarter valued at approximately $3,817,000. Finally, Greenwoods Asset Management Hong Kong Ltd. grew its position in shares of NetEase by 10.8% during the fourth quarter. Greenwoods Asset Management Hong Kong Ltd. now owns 3,632,870 shares of the technology company's stock worth $324,088,000 after acquiring an additional 354,273 shares during the last quarter. Institutional investors and hedge funds 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.