NetEase, Inc. (NASDAQ:NTES) Receives Average Rating of “Buy” from Brokerages

Shares of NetEase, Inc. (NASDAQ:NTESGet Rating) have received a consensus rating of “Buy” from the nine brokerages that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation, seven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $125.63.

A number of research firms have commented on NTES. StockNews.com upgraded shares of NetEase from a “buy” rating to a “strong-buy” rating in a research report on Monday, August 22nd. JPMorgan Chase & Co. downgraded shares of NetEase from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $120.00 to $90.00 in a research report on Wednesday, September 7th. Citigroup boosted their price target on shares of NetEase from $132.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, August 19th. Finally, Macquarie began coverage on shares of NetEase in a research report on Tuesday, July 5th. They set an “outperform” rating and a $129.00 price target on the stock.

NetEase Stock Down 1.0 %

NTES stock opened at $78.95 on Friday. NetEase has a 52 week low of $68.62 and a 52 week high of $118.19. The company has a market capitalization of $51.69 billion, a price-to-earnings ratio of 18.32, a price-to-earnings-growth ratio of 1.61 and a beta of 0.43. The firm’s 50-day moving average is $89.04 and its two-hundred day moving average is $91.78. The company has a current ratio of 2.23, a quick ratio of 2.21 and a debt-to-equity ratio of 0.03.

NetEase Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 16th. Stockholders of record on Thursday, September 1st were given a $0.36 dividend. This is an increase from NetEase’s previous quarterly dividend of $0.32. This represents a $1.44 annualized dividend and a dividend yield of 1.82%. The ex-dividend date was Wednesday, August 31st. NetEase’s dividend payout ratio (DPR) is 33.18%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in NTES. Private Advisor Group LLC purchased a new position in shares of NetEase in the fourth quarter worth approximately $454,000. O Shaughnessy Asset Management LLC grew its position in NetEase by 46.5% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 7,352 shares of the technology company’s stock valued at $748,000 after purchasing an additional 2,335 shares in the last quarter. Rockefeller Capital Management L.P. grew its position in NetEase by 33.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,845 shares of the technology company’s stock valued at $187,000 after purchasing an additional 465 shares in the last quarter. Quantitative Investment Management LLC acquired a new stake in NetEase in the fourth quarter valued at approximately $970,000. Finally, Clough Capital Partners L P acquired a new stake in NetEase in the fourth quarter valued at approximately $427,000. 14.76% of the stock is 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.

Further Reading

Analyst Recommendations for NetEase (NASDAQ:NTES)

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