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

NetEase, Inc. (NASDAQ:NTES) has received an average recommendation of “Moderate Buy” from the twelve analysts that are covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $152.10.

NTES has been the subject of several analyst reports. Zacks Research cut NetEase from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 15th. Sanford C. Bernstein set a $155.00 price target on shares of NetEase in a research note on Friday, November 21st. Benchmark boosted their price target on shares of NetEase from $145.00 to $158.00 and gave the company a “buy” rating in a research report on Friday, November 21st. JPMorgan Chase & Co. raised NetEase from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $138.00 to $190.00 in a report on Friday, October 10th. Finally, Citigroup reiterated a “buy” rating on shares of NetEase in a research report on Friday, November 21st.

NetEase Price Performance

Shares of NTES opened at $142.30 on Wednesday. The firm has a 50-day simple moving average of $144.39 and a two-hundred day simple moving average of $137.27. The stock has a market cap of $90.16 billion, a PE ratio of 19.26, a P/E/G ratio of 1.91 and a beta of 0.68. NetEase has a 1-year low of $87.67 and a 1-year high of $159.55.

NetEase Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 19th. Stockholders of record on Friday, December 5th will be issued a $0.57 dividend. The ex-dividend date of this dividend is Friday, December 5th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.6%. NetEase’s payout ratio is presently 28.99%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. ABN Amro Investment Solutions acquired a new position in shares of NetEase during the second quarter valued at $2,056,000. Cubist Systematic Strategies LLC bought a new position in NetEase in the 1st quarter valued at about $2,554,000. Edmond DE Rothschild Holding S.A. increased its stake in NetEase by 5.4% during the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 41,100 shares of the technology company’s stock valued at $4,230,000 after buying an additional 2,100 shares during the period. Royal Bank of Canada raised its position in shares of NetEase by 125.0% during the 1st quarter. Royal Bank of Canada now owns 212,466 shares of the technology company’s stock worth $21,866,000 after buying an additional 118,042 shares in the last quarter. Finally, Avantax Advisory Services Inc. bought a new stake in shares of NetEase during the 1st quarter worth about $207,000. 11.07% of the stock is owned by hedge funds and other institutional investors.

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.