NetEase, Inc. (NASDAQ:NTES) Receives $142.30 Consensus PT from Brokerages

Shares of NetEase, Inc. (NASDAQ:NTES) have been given a consensus rating of “Moderate Buy” by the twelve brokerages that are currently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $142.30.

A number of equities research analysts recently issued reports on NTES shares. Barclays set a $120.00 price target on shares of NetEase and gave the company an “equal weight” rating in a research note on Monday, August 18th. Morgan Stanley restated an “overweight” rating and set a $170.00 target price on shares of NetEase in a research report on Wednesday, October 8th. The Goldman Sachs Group set a $161.00 target price on shares of NetEase and gave the company a “buy” rating in a research report on Monday, September 15th. Arete Research upgraded NetEase to a “strong-buy” rating in a research report on Wednesday, September 3rd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of NetEase in a research report on Wednesday, October 8th.

Institutional Investors Weigh In On NetEase

Hedge funds and other institutional investors have recently made changes to their positions in the company. NewSquare Capital LLC raised its position in NetEase by 137.2% in the 2nd quarter. NewSquare Capital LLC now owns 185 shares of the technology company’s stock worth $25,000 after purchasing an additional 107 shares during the period. Kayne Anderson Rudnick Investment Management LLC purchased a new stake in NetEase in the 1st quarter worth about $26,000. Private Trust Co. NA raised its holdings in shares of NetEase by 266.0% in the second 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 period. USA Financial Formulas purchased a new stake in shares of NetEase in the second quarter worth approximately $30,000. Finally, Mather Group LLC. raised its holdings in shares of NetEase by 1,415.0% in the first quarter. Mather Group LLC. now owns 303 shares of the technology company’s stock worth $31,000 after buying an additional 283 shares during the period. Hedge funds and other institutional investors own 11.07% of the company’s stock.

NetEase Trading Up 0.1%

NASDAQ:NTES opened at $148.60 on Tuesday. The company has a market capitalization of $94.15 billion, a P/E ratio of 20.11, a P/E/G ratio of 1.98 and a beta of 0.67. NetEase has a 12 month low of $75.88 and a 12 month high of $159.55. The business’s 50-day moving average is $143.22 and its 200 day moving average is $127.86.

NetEase Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 11th. Investors of record on Thursday, August 28th were issued a dividend of $0.675 per share. This represents a $2.70 annualized dividend and a yield of 1.8%. The ex-dividend date was Thursday, August 28th. NetEase’s dividend payout ratio is presently 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.