NetEase, Inc. (NASDAQ:NTES) Given Average Rating of “Buy” by Analysts

NetEase, Inc. (NASDAQ:NTESGet Rating) has been given a consensus recommendation of “Buy” by the nine brokerages that are currently covering the stock, MarketBeat Ratings reports. Eight investment analysts have rated the stock with a buy rating. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $128.50.

A number of equities analysts have recently commented on NTES shares. JPMorgan Chase & Co. upgraded NetEase from an “underweight” rating to an “overweight” rating and lifted their target price for the stock from $60.00 to $120.00 in a report on Monday, May 16th. HSBC dropped their price objective on NetEase from $126.00 to $122.00 and set a “buy” rating for the company in a report on Wednesday, May 25th. Macquarie started coverage on NetEase in a report on Tuesday, July 5th. They set an “outperform” rating and a $129.00 price objective for the company. The Goldman Sachs Group started coverage on NetEase in a report on Sunday, April 10th. They set a “buy” rating and a $132.00 price objective for the company. Finally, StockNews.com cut NetEase from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 16th.

NetEase Price Performance

Shares of NetEase stock opened at $90.51 on Thursday. The stock has a market cap of $59.26 billion, a price-to-earnings ratio of 23.03, a price-to-earnings-growth ratio of 1.58 and a beta of 0.42. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.28 and a current ratio of 2.30. The stock has a 50 day moving average price of $95.59 and a 200-day moving average price of $94.33. NetEase has a one year low of $68.62 and a one year high of $118.19.

NetEase (NASDAQ:NTESGet Rating) last announced its earnings results on Tuesday, May 24th. The technology company reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.07. The firm had revenue of $23.56 billion during the quarter, compared to analysts’ expectations of $23.12 billion. NetEase had a return on equity of 18.02% and a net margin of 18.56%. The company’s quarterly revenue was up 14.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.00 EPS. Equities analysts expect that NetEase will post 3.95 EPS for the current year.

NetEase Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 23rd. Shareholders of record on Wednesday, June 8th were issued a $0.322 dividend. This represents a $1.29 annualized dividend and a dividend yield of 1.42%. The ex-dividend date of this dividend was Tuesday, June 7th. NetEase’s dividend payout ratio is 32.57%.

Institutional Investors Weigh In On NetEase

Several hedge funds have recently made changes to their positions in the company. Fifth Third Bancorp lifted its holdings in shares of NetEase by 4.1% in the 4th quarter. Fifth Third Bancorp now owns 2,767 shares of the technology company’s stock worth $282,000 after buying an additional 110 shares during the period. Los Angeles Capital Management LLC raised its position in shares of NetEase by 0.3% in the 4th quarter. Los Angeles Capital Management LLC now owns 40,918 shares of the technology company’s stock worth $4,165,000 after acquiring an additional 140 shares in the last quarter. Wetherby Asset Management Inc. raised its position in shares of NetEase by 1.4% in the 4th quarter. Wetherby Asset Management Inc. now owns 10,707 shares of the technology company’s stock worth $1,090,000 after acquiring an additional 145 shares in the last quarter. Fieldpoint Private Securities LLC raised its position in shares of NetEase by 22.0% in the 1st quarter. Fieldpoint Private Securities LLC now owns 858 shares of the technology company’s stock worth $77,000 after acquiring an additional 155 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. raised its position in shares of NetEase by 8.6% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 2,499 shares of the technology company’s stock worth $254,000 after acquiring an additional 197 shares in the last quarter. 21.18% of the stock is currently owned by hedge funds and other institutional investors.

NetEase Company Profile

(Get Rating)

NetEase, Inc provides online services focusing on diverse content, community, communication, and commerce in the Peoples' Republic of China and internationally. The company operates in three segments: Online Game Services, Youdao, Cloud Music, and Innovative Businesses and Others. It develops and operates PC and mobile games, as well as offers games licensed from other game developers.

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Analyst Recommendations for NetEase (NASDAQ:NTES)

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