NetEase (NASDAQ:NTES) Price Target Increased to $125.00 by Analysts at JPMorgan Chase & Co.

NetEase (NASDAQ:NTES) had its price target hoisted by JPMorgan Chase & Co. from $120.00 to $125.00 in a research report report published on Tuesday, MarketBeat reports. They currently have an overweight rating on the technology company’s stock.

NTES has been the topic of a number of other reports. Benchmark increased their price objective on shares of NetEase from $118.00 to $130.00 and gave the company a buy rating in a research report on Friday, August 25th. Morgan Stanley increased their price objective on shares of NetEase from $115.00 to $120.00 in a research report on Friday, May 26th. Jefferies Financial Group increased their price objective on shares of NetEase from $112.00 to $117.00 in a research report on Thursday, July 6th. Bank of America increased their price objective on shares of NetEase from $128.00 to $135.00 and gave the company a buy rating in a research report on Friday, August 25th. Finally, Citigroup dropped their price objective on shares of NetEase from $134.00 to $132.00 and set a buy rating on the stock in a research report on Friday, August 25th. Six investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of Buy and a consensus price target of $122.13.

NetEase Stock Performance

Shares of NTES stock opened at $104.91 on Tuesday. The firm’s 50 day moving average price is $102.14 and its 200-day moving average price is $93.01. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.91 and a current ratio of 2.93. NetEase has a one year low of $53.09 and a one year high of $110.82. The firm has a market cap of $68.69 billion, a P/E ratio of 18.83, a P/E/G ratio of 1.38 and a beta of 0.55.

NetEase (NASDAQ:NTES) last issued its quarterly earnings data on Thursday, August 24th. The technology company reported $13.88 EPS for the quarter, topping the consensus estimate of $9.14 by $4.74. NetEase had a net margin of 25.84% and a return on equity of 22.78%. The firm had revenue of $24.01 billion for the quarter, compared to analyst estimates of $24.85 billion. During the same period in the prior year, the business posted $1.05 EPS. The business’s revenue for the quarter was up 3.7% compared to the same quarter last year. As a group, equities research analysts predict that NetEase will post 5.44 EPS for the current year.

NetEase Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Friday, September 8th will be paid a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 2.00%. The ex-dividend date of this dividend is Thursday, September 7th. This is a boost from NetEase’s previous quarterly dividend of $0.47. NetEase’s dividend payout ratio (DPR) is 33.21%.

Institutional Trading of NetEase

Several hedge funds have recently made changes to their positions in the company. Virginia Retirement Systems ET AL purchased a new position in shares of NetEase in the 2nd quarter valued at about $1,508,000. Osaic Holdings Inc. increased its holdings in NetEase by 258.5% during the 2nd quarter. Osaic Holdings Inc. now owns 16,694 shares of the technology company’s stock valued at $1,614,000 after acquiring an additional 12,038 shares in the last quarter. Nuveen Asset Management LLC grew its holdings in shares of NetEase by 98.9% during the second quarter. Nuveen Asset Management LLC now owns 1,484,772 shares of the technology company’s stock worth $143,563,000 after buying an additional 738,249 shares in the last quarter. West Family Investments Inc. grew its holdings in shares of NetEase by 17.8% during the second quarter. West Family Investments Inc. now owns 3,217 shares of the technology company’s stock worth $311,000 after buying an additional 485 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its position in shares of NetEase by 0.7% in the second quarter. Wells Fargo & Company MN now owns 54,855 shares of the technology company’s stock worth $5,304,000 after acquiring an additional 384 shares during the last quarter. Institutional investors and hedge funds own 11.78% 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.