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

NetEase, Inc. (NASDAQ:NTES) has earned a consensus rating of “Moderate Buy” from the seven analysts that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $117.14.

Several equities analysts have recently issued reports on NTES shares. Deutsche Bank Aktiengesellschaft began coverage on shares of NetEase in a research note on Monday, May 12th. They issued a “buy” rating and a $130.00 price objective on the stock. Morgan Stanley upped their price target on NetEase from $108.00 to $117.00 and gave the company an “overweight” rating in a report on Wednesday, February 12th. Barclays raised their price objective on NetEase from $104.00 to $118.00 and gave the stock an “equal weight” rating in a research note on Friday. Finally, Benchmark boosted their target price on NetEase from $105.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, February 21st.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Kayne Anderson Rudnick Investment Management LLC acquired a new stake in NetEase during the 1st quarter worth about $26,000. Farther Finance Advisors LLC boosted its holdings in shares of NetEase by 81.7% during the fourth quarter. Farther Finance Advisors LLC now owns 338 shares of the technology company’s stock worth $30,000 after purchasing an additional 152 shares during the period. Mather Group LLC. grew its position in NetEase by 1,415.0% during the first quarter. Mather Group LLC. now owns 303 shares of the technology company’s stock valued at $31,000 after purchasing an additional 283 shares in the last quarter. Brooklyn Investment Group purchased a new position in NetEase during the fourth quarter valued at approximately $34,000. Finally, UMB Bank n.a. increased its stake in NetEase by 33.3% in the 4th quarter. UMB Bank n.a. now owns 444 shares of the technology company’s stock valued at $40,000 after buying an additional 111 shares during the period. Hedge funds and other institutional investors own 11.07% of the company’s stock.

NetEase Stock Performance

Shares of NASDAQ NTES opened at $119.58 on Friday. NetEase has a 1 year low of $75.85 and a 1 year high of $123.56. The firm has a market cap of $75.76 billion, a P/E ratio of 18.77, a PEG ratio of 3.37 and a beta of 0.66. The stock has a fifty day moving average price of $102.66 and a two-hundred day moving average price of $97.09.

NetEase (NASDAQ:NTES) last announced its earnings results on Thursday, February 20th. The technology company reported $1.87 earnings per share for the quarter, beating the consensus estimate of $1.73 by $0.14. NetEase had a return on equity of 22.12% and a net margin of 28.17%. The business had revenue of $3.66 billion during the quarter, compared to analysts’ expectations of $27.16 billion. On average, research analysts predict that NetEase will post 6.91 earnings per share for the current fiscal year.

NetEase Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th were issued a $0.435 dividend. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $1.74 dividend on an annualized basis and a dividend yield of 1.46%. NetEase’s payout ratio is currently 38.85%.

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.