NetEase, Inc. (NASDAQ:NTES) Given Consensus Rating of "Moderate Buy" by Brokerages

NetEase, Inc. (NASDAQ:NTES - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the seven ratings firms that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $108.43.

Several brokerages have weighed in on NTES. Benchmark cut their target price on NetEase from $120.00 to $105.00 and set a "buy" rating on the stock in a research note on Friday, November 15th. StockNews.com cut NetEase from a "strong-buy" rating to a "buy" rating in a research report on Friday, December 6th. Citigroup lifted their target price on NetEase from $108.00 to $115.00 and gave the stock a "buy" rating in a report on Friday, November 15th. Finally, Morgan Stanley upgraded NetEase from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $90.00 to $108.00 in a report on Wednesday.

NetEase Stock Down 1.3 %

Shares of NTES traded down $1.17 during mid-day trading on Friday, hitting $91.11. The stock had a trading volume of 1,732,545 shares, compared to its average volume of 1,108,348. The company has a market cap of $58.51 billion, a PE ratio of 15.39, a PEG ratio of 3.53 and a beta of 0.57. The company's fifty day simple moving average is $88.50 and its two-hundred day simple moving average is $87.73. NetEase has a fifty-two week low of $75.85 and a fifty-two week high of $114.50.

NetEase Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were issued a dividend of $0.435 per share. This represents a $1.74 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date of this dividend was Friday, November 29th. NetEase's dividend payout ratio (DPR) is presently 29.22%.

Institutional Investors Weigh In On NetEase

Hedge funds have recently bought and sold shares of the company. SYSTM Wealth Solutions LLC lifted its position in NetEase by 55.5% during the second quarter. SYSTM Wealth Solutions LLC now owns 328 shares of the technology company's stock worth $31,000 after acquiring an additional 117 shares during the last quarter. Ariadne Wealth Management LP bought a new stake in NetEase during the second quarter worth $35,000. Highline Wealth Partners LLC acquired a new position in shares of NetEase during the third quarter worth $45,000. RPg Family Wealth Advisory LLC acquired a new position in shares of NetEase during the third quarter worth $70,000. Finally, Allspring Global Investments Holdings LLC acquired a new position in shares of NetEase during the third quarter worth $76,000. 11.07% of the stock is currently owned by institutional investors and hedge funds.

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.