NetEase, Inc. (NASDAQ:NTES) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of NetEase, Inc. (NASDAQ:NTES) have been assigned a consensus rating of “Moderate Buy” from the twelve ratings firms that are currently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokers that have covered the stock in the last year is $142.30.

A number of equities research analysts have recently commented on the stock. Barclays set a $120.00 price objective on shares of NetEase and gave the stock an “equal weight” rating in a research note on Monday, August 18th. Zacks Research downgraded shares of NetEase from a “strong-buy” rating to a “hold” rating in a report on Friday, August 15th. The Goldman Sachs Group set a $161.00 price target on shares of NetEase and gave the company a “buy” rating in a research report on Monday, September 15th. Morgan Stanley reiterated an “overweight” rating and issued a $170.00 price objective on shares of NetEase in a research report on Wednesday, October 8th. Finally, Wall Street Zen raised shares of NetEase from a “buy” rating to a “strong-buy” rating in a research note on Friday, October 3rd.

Hedge Funds Weigh In On NetEase

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NTES. NewSquare Capital LLC increased its stake in shares of NetEase by 137.2% during the second quarter. NewSquare Capital LLC now owns 185 shares of the technology company’s stock worth $25,000 after purchasing an additional 107 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC acquired a new stake in NetEase in the 1st quarter worth about $26,000. Private Trust Co. NA boosted its holdings in NetEase by 266.0% in the 2nd quarter. Private Trust Co. NA now owns 194 shares of the technology company’s stock worth $26,000 after buying an additional 141 shares during the last quarter. USA Financial Formulas purchased a new stake in NetEase during the 2nd quarter worth approximately $30,000. Finally, Reyes Financial Architecture Inc. raised its holdings in shares of NetEase by 1,189.5% during the second quarter. Reyes Financial Architecture Inc. now owns 245 shares of the technology company’s stock valued at $33,000 after acquiring an additional 226 shares during the last quarter. 11.07% of the stock is owned by hedge funds and other institutional investors.

NetEase Stock Down 0.2%

NetEase stock opened at $138.99 on Friday. The business’s 50-day moving average price is $146.97 and its 200 day moving average price is $133.18. The firm has a market cap of $88.06 billion, a price-to-earnings ratio of 18.81, a price-to-earnings-growth ratio of 1.91 and a beta of 0.65. NetEase has a 52 week low of $75.88 and a 52 week high of $159.55.

NetEase Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 11th. Shareholders of record on Thursday, August 28th were given a dividend of $0.675 per share. The ex-dividend date was Thursday, August 28th. This represents a $2.70 dividend on an annualized basis and a yield of 1.9%. NetEase’s dividend payout ratio is currently 30.72%.

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.