Vetr upgraded shares of NetEase Inc. (NASDAQ:NTES) from a strong sell rating to a sell rating in a research report sent to investors on Monday morning. They currently have $218.71 target price on the stock.
Several other equities analysts also recently weighed in on the stock. Deutsche Bank AG increased their price target on shares of NetEase from $190.00 to $207.00 and gave the stock a buy rating in a report on Friday, June 24th. Brean Capital reiterated a buy rating on shares of NetEase in a report on Tuesday, August 2nd. Credit Suisse Group AG initiated coverage on shares of NetEase in a report on Friday, August 19th. They issued a neutral rating and a $230.00 price target on the stock. Finally, Zacks Investment Research upgraded shares of NetEase from a hold rating to a buy rating and set a $232.00 price target on the stock in a report on Thursday, July 28th. Three analysts have rated the stock with a sell rating, three have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of Buy and a consensus price target of $210.89.
NetEase (NASDAQ:NTES) opened at 242.06 on Monday. The stock has a 50 day moving average of $224.36 and a 200 day moving average of $180.22. NetEase has a 12-month low of $116.42 and a 12-month high of $254.48. The stock has a market cap of $31.74 billion, a P/E ratio of 23.16 and a beta of 1.29.
NetEase (NASDAQ:NTES) last issued its quarterly earnings results on Wednesday, August 17th. The company reported $3.67 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.61 by $1.06. NetEase had a net margin of 29.34% and a return on equity of 31.47%. On average, equities research analysts anticipate that NetEase will post $12.38 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 9th. Stockholders of record on Wednesday, August 31st were given a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.29%. This is a boost from NetEase’s previous quarterly dividend of $0.73. The ex-dividend date of this dividend was Monday, August 29th. NetEase’s dividend payout ratio is 25.14%.
Several large investors have recently modified their holdings of NTES. Tobam acquired a new stake in shares of NetEase during the second quarter worth approximately $5,944,000. Royal Bank of Canada boosted its stake in shares of NetEase by 37.8% in the second quarter. Royal Bank of Canada now owns 39,162 shares of the company’s stock worth $7,566,000 after buying an additional 10,750 shares during the period. Legal & General Group Plc boosted its stake in shares of NetEase by 106.9% in the second quarter. Legal & General Group Plc now owns 147,989 shares of the company’s stock worth $28,594,000 after buying an additional 76,472 shares during the period. First Foundation Advisors acquired a new stake in shares of NetEase during the second quarter worth approximately $593,000. Finally, Numeric Investors LLC boosted its stake in shares of NetEase by 52.6% in the second quarter. Numeric Investors LLC now owns 250,556 shares of the company’s stock worth $48,412,000 after buying an additional 86,400 shares during the period. Institutional investors and hedge funds own 59.71% of the company’s stock.
NetEase Company Profile
NetEase, Inc (NetEase) is a technology company. The Company operates an interactive online community in China and is a provider of Chinese language content and services through its online games, Internet media, e-mail, e-commerce and other businesses. The Company operates through three segments: Online Game Services; Advertising Services, and E-mail, E-commerce and Others.
To view Vetr’s full report, visit Vetr’s official website.
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