NetEase (NASDAQ:NTES) Downgraded by StockNews.com to “Buy”

StockNews.com cut shares of NetEase (NASDAQ:NTES) from a strong-buy rating to a buy rating in a research note published on Monday morning.

Other research analysts have also issued research reports about the company. Morgan Stanley cut their price objective on NetEase from $135.00 to $120.00 and set an overweight rating for the company in a research report on Friday, April 12th. HSBC dropped their price target on NetEase from $130.00 to $126.00 and set a buy rating for the company in a research report on Wednesday, April 24th. Eight analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of Buy and an average target price of $126.00.

NetEase Stock Up 0.7 %

Shares of NetEase stock opened at $96.63 on Monday. The firm has a market cap of $62.30 billion, a price-to-earnings ratio of 15.27, a PEG ratio of 0.87 and a beta of 0.58. The business has a 50-day moving average price of $102.05 and a 200-day moving average price of $102.83. NetEase has a twelve month low of $80.79 and a twelve month high of $118.89.

NetEase (NASDAQ:NTES) last issued its quarterly earnings data on Thursday, February 29th. The technology company reported $1.42 earnings per share for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.20). The firm had revenue of $3.82 billion for the quarter, compared to analysts’ expectations of $3.96 billion. NetEase had a net margin of 28.39% and a return on equity of 24.36%. On average, equities analysts expect that NetEase will post 7.04 EPS for the current fiscal year.

NetEase Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were paid a $1.08 dividend. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $4.32 annualized dividend and a yield of 4.47%. This is an increase from NetEase’s previous quarterly dividend of $0.50. NetEase’s dividend payout ratio (DPR) is presently 68.09%.

Institutional Trading of NetEase

Several institutional investors have recently added to or reduced their stakes in NTES. Ballentine Partners LLC bought a new stake in NetEase in the third quarter worth about $216,000. Cambridge Investment Research Advisors Inc. lifted its stake in NetEase by 13.2% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 6,467 shares of the technology company’s stock worth $648,000 after purchasing an additional 752 shares during the last quarter. Dakota Wealth Management bought a new stake in NetEase in the third quarter worth about $200,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in NetEase by 86.8% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,918 shares of the technology company’s stock worth $1,695,000 after purchasing an additional 7,860 shares during the last quarter. Finally, Mackenzie Financial Corp lifted its stake in NetEase by 202.4% in the third quarter. Mackenzie Financial Corp now owns 50,210 shares of the technology company’s stock worth $4,962,000 after purchasing an additional 33,607 shares during the last quarter. Institutional investors own 11.07% of the company’s stock.

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.