NetEase (NASDAQ:NTES) Sees Large Volume Increase - Should You Buy?

Shares of NetEase, Inc. (NASDAQ:NTES - Get Free Report) saw strong trading volume on Tuesday . 3,108,335 shares traded hands during trading, an increase of 93% from the previous session's volume of 1,609,413 shares.The stock last traded at $101.19 and had previously closed at $99.64.

Analysts Set New Price Targets

A number of equities analysts recently commented on NTES shares. Morgan Stanley raised their price target on shares of NetEase from $108.00 to $117.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 12th. Barclays raised their target price on shares of NetEase from $82.00 to $104.00 and gave the stock an "equal weight" rating in a report on Monday, February 24th. Benchmark boosted their price target on NetEase from $105.00 to $115.00 and gave the company a "buy" rating in a research note on Friday, February 21st. Finally, Bank of America increased their price target on NetEase from $120.00 to $122.00 and gave the stock a "buy" rating in a research report on Wednesday, January 15th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $112.67.

NetEase Trading Down 0.1 %

The company has a market capitalization of $67.94 billion, a P/E ratio of 16.61, a PEG ratio of 3.37 and a beta of 0.65. The stock has a 50 day moving average price of $100.40 and a 200 day moving average price of $94.32.

NetEase (NASDAQ:NTES - Get Free Report) last posted its earnings results on Thursday, February 20th. The technology company reported $1.87 EPS for the quarter, beating the consensus estimate of $1.73 by $0.14. The firm had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $27.16 billion. NetEase had a return on equity of 22.12% and a net margin of 28.17%. On average, research analysts predict that NetEase, Inc. will post 6.91 EPS for the current year.

NetEase Announces Dividend

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Capital World Investors increased its position in shares of NetEase by 40.6% during the fourth quarter. Capital World Investors now owns 3,725,046 shares of the technology company's stock worth $332,311,000 after buying an additional 1,074,818 shares during the period. Greenwoods Asset Management Hong Kong Ltd. grew its holdings in NetEase by 10.8% during the 4th 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 period. Lazard Asset Management LLC raised its position in shares of NetEase by 2.0% in the 4th quarter. Lazard Asset Management LLC now owns 3,599,794 shares of the technology company's stock worth $321,137,000 after acquiring an additional 69,789 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of NetEase by 7,698.2% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,817,021 shares of the technology company's stock worth $289,928,000 after acquiring an additional 2,780,897 shares in the last quarter. Finally, Dodge & Cox lifted its stake in shares of NetEase by 0.6% in the 4th quarter. Dodge & Cox now owns 2,649,876 shares of the technology company's stock valued at $236,395,000 after purchasing an additional 15,900 shares during the period. 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.