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

Shares of NetEase, Inc. (NASDAQ:NTES - Get Free Report) have been given a consensus rating of "Moderate Buy" by the seven brokerages that are covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $107.29.

Several analysts recently issued reports on NTES shares. Barclays cut their target price 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. Benchmark dropped their price target on shares of NetEase from $120.00 to $105.00 and set a "buy" rating for the company in a research report on Friday, November 15th. Bank of America dropped their price target 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. Citigroup upped their price target on shares of NetEase from $108.00 to $115.00 and gave the stock a "buy" rating in a research report on Friday, November 15th. Finally, Jefferies Financial Group dropped their price target 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.

NetEase Trading Down 2.5 %

NASDAQ NTES traded down $2.19 during trading hours on Friday, hitting $86.45. 1,991,525 shares of the company's stock traded hands, compared to its average volume of 1,614,559. The business's fifty day moving average price is $84.75 and its two-hundred day moving average price is $88.58. The firm has a market capitalization of $55.51 billion, a P/E ratio of 14.60, a P/E/G ratio of 3.35 and a beta of 0.57. NetEase has a 52 week low of $75.85 and a 52 week high of $115.43.

NetEase (NASDAQ:NTES - Get Free Report) last announced its earnings results on Thursday, August 22nd. The technology company reported $12.05 earnings per share (EPS) 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 analyst estimates of $26.01 billion. NetEase had a net margin of 26.02% and a return on equity of 20.82%. The firm's quarterly revenue was up 6.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.75 earnings per share. On average, sell-side analysts expect that NetEase will post 6.08 EPS for the current fiscal year.

NetEase Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given a dividend of $0.435 per share. The ex-dividend date is Friday, November 29th. This represents a $1.74 dividend on an annualized basis and a dividend yield of 2.01%. NetEase's dividend payout ratio is 29.22%.

Hedge Funds Weigh In On NetEase

A number of hedge funds and other institutional investors have recently modified their holdings of NTES. Advisors Asset Management Inc. boosted its position in shares of NetEase by 45.8% during the first quarter. Advisors Asset Management Inc. now owns 12,801 shares of the technology company's stock worth $1,325,000 after acquiring an additional 4,019 shares during the last quarter. Canada Pension Plan Investment Board raised its stake in NetEase by 12.4% during the first quarter. Canada Pension Plan Investment Board now owns 327,400 shares of the technology company's stock valued at $33,876,000 after purchasing an additional 36,000 shares in the last quarter. Lazard Asset Management LLC raised its stake in NetEase by 804.5% during the first quarter. Lazard Asset Management LLC now owns 792,357 shares of the technology company's stock valued at $81,983,000 after purchasing an additional 704,753 shares in the last quarter. Price T Rowe Associates Inc. MD purchased a new stake in NetEase during the first quarter valued at $103,658,000. Finally, Kingdon Capital Management L.L.C. purchased a new stake in NetEase during the first quarter valued at $8,795,000. 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.