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

Shares of NetEase, Inc. (NASDAQ:NTES - Get Free Report) have been given a consensus rating of "Moderate Buy" by the seven analysts that are presently covering the stock, Marketbeat.com reports. One 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 objective among brokers that have issued ratings on the stock in the last year is $114.57.

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

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Institutional Investors Weigh In On NetEase

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Assetmark Inc. increased its position in NetEase by 27.3% during the third 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 period. WT Asset Management Ltd purchased a new position in shares of NetEase during the fourth quarter worth about $2,624,000. SG Americas Securities LLC purchased a new position in shares of NetEase during the fourth quarter worth about $654,000. State of New Jersey Common Pension Fund D grew its holdings in shares of NetEase by 87.0% during the third quarter. State of New Jersey Common Pension Fund D now owns 75,282 shares of the technology company's stock worth $7,040,000 after buying an additional 35,031 shares during the last quarter. Finally, APEIRON CAPITAL Ltd lifted its holdings in shares of NetEase by 20.5% during the fourth quarter. APEIRON CAPITAL Ltd now owns 129,321 shares of the technology company's stock worth $11,537,000 after purchasing an additional 22,000 shares during the period. 11.07% of the stock is owned by hedge funds and other institutional investors.

NetEase Stock Up 0.1 %

NTES traded up $0.14 during trading on Monday, reaching $102.08. The company's stock had a trading volume of 1,649,792 shares, compared to its average volume of 1,554,332. The firm has a fifty day simple moving average of $98.99 and a two-hundred day simple moving average of $90.37. NetEase has a 1 year low of $75.85 and a 1 year high of $111.12. The company has a market cap of $65.55 billion, a price-to-earnings ratio of 16.03, a PEG ratio of 3.37 and a beta of 0.58.

NetEase (NASDAQ:NTES - Get Free Report) last issued its earnings results 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. As a group, equities analysts forecast that NetEase will post 6.91 EPS for the current fiscal year.

NetEase Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th will be given a dividend of $0.435 per share. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $1.74 annualized dividend and a dividend yield of 1.70%. NetEase's dividend payout ratio is presently 76.45%.

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.