NetEase (NASDAQ:NTES) Shares Gap Up - Time to Buy?

Shares of NetEase, Inc. (NASDAQ:NTES - Get Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $102.92, but opened at $105.48. NetEase shares last traded at $105.48, with a volume of 311,646 shares.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on NTES shares. Barclays increased their price target on shares of NetEase from $82.00 to $104.00 and gave the company an "equal weight" rating in a report on Monday, February 24th. Morgan Stanley increased their target price on NetEase from $108.00 to $117.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 12th. Bank of America boosted their price target on NetEase from $120.00 to $122.00 and gave the company a "buy" rating in a research note on Wednesday, January 15th. StockNews.com cut NetEase from a "strong-buy" rating to a "buy" rating in a research report on Friday, December 6th. Finally, Benchmark boosted their target price on shares of NetEase from $105.00 to $115.00 and gave the company a "buy" rating in a research report on Friday, February 21st. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, NetEase has an average rating of "Moderate Buy" and an average price target of $114.57.

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NetEase Price Performance

The firm has a market cap of $63.48 billion, a P/E ratio of 15.52, a PEG ratio of 3.37 and a beta of 0.61. The company's 50-day moving average is $102.39 and its two-hundred day moving average is $93.51.

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

NetEase Dividend Announcement

The firm 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 1.76%. NetEase's payout ratio is 76.45%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Farther Finance Advisors LLC increased its holdings in NetEase by 81.7% in the 4th quarter. Farther Finance Advisors LLC now owns 338 shares of the technology company's stock worth $30,000 after purchasing an additional 152 shares in the last quarter. Brooklyn Investment Group bought a new stake in NetEase during the 4th quarter worth approximately $34,000. UMB Bank n.a. increased its position in NetEase by 33.3% in the 4th quarter. UMB Bank n.a. now owns 444 shares of the technology company's stock valued at $40,000 after acquiring an additional 111 shares during the period. Live Oak Investment Partners bought a new position in shares of NetEase during the fourth quarter valued at $62,000. Finally, Avior Wealth Management LLC lifted its holdings in shares of NetEase by 148.9% during the fourth quarter. Avior Wealth Management LLC now owns 993 shares of the technology company's stock worth $89,000 after purchasing an additional 594 shares during the period. Institutional investors own 11.07% of the company's stock.

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.