A number of other analysts also recently commented on NTES. Deutsche Bank AG boosted their target price 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 started coverage on shares of NetEase in a report on Monday, July 18th. They issued a buy rating and a $235.00 target price on the stock. Zacks Investment Research downgraded shares of NetEase from a strong-buy rating to a hold rating in a report on Wednesday, July 27th. Vetr downgraded shares of NetEase from a buy rating to a hold rating and set a $212.23 target price on the stock. in a report on Monday, August 15th. Finally, Credit Suisse Group AG started coverage on shares of NetEase in a report on Friday, August 19th. They issued a neutral rating and a $230.00 target price on the stock. Three investment analysts have rated the stock with a sell rating, three have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. NetEase presently has an average rating of Buy and a consensus target price of $210.89.
Shares of NetEase (NASDAQ:NTES) traded down 0.92% on Thursday, hitting $239.83. 197,692 shares of the stock were exchanged. NetEase has a one year low of $116.42 and a one year high of $254.48. The firm’s 50-day moving average is $224.36 and its 200-day moving average is $180.22. The company has a market cap of $31.45 billion, a P/E ratio of 22.93 and a beta of 1.29.
NetEase (NASDAQ:NTES) last released its earnings results on Wednesday, August 17th. The company reported $3.67 EPS for the quarter, topping analysts’ consensus estimates 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 analysts forecast that NetEase will post $12.38 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 9th. Shareholders of record on Wednesday, August 31st were given a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 1.29%. This is an increase from NetEase’s previous quarterly dividend of $0.73. The ex-dividend date was Monday, August 29th. NetEase’s payout ratio is currently 25.14%.
A number of hedge funds have recently bought and sold shares of NTES. Orbis Allan Gray Ltd acquired a new stake in NetEase during the first quarter valued at approximately $1,449,733,000. Lazard Asset Management LLC increased its stake in NetEase by 0.4% in the first quarter. Lazard Asset Management LLC now owns 5,028,755 shares of the company’s stock valued at $722,028,000 after buying an additional 21,375 shares in the last quarter. Comgest Global Investors S.A.S. increased its stake in NetEase by 0.4% in the second quarter. Comgest Global Investors S.A.S. now owns 2,921,119 shares of the company’s stock valued at $564,418,000 after buying an additional 12,423 shares in the last quarter. Renaissance Technologies LLC increased its stake in NetEase by 9.6% in the first quarter. Renaissance Technologies LLC now owns 2,187,700 shares of the company’s stock valued at $314,110,000 after buying an additional 191,600 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. increased its stake in NetEase by 39.1% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 1,837,876 shares of the company’s stock valued at $355,114,000 after buying an additional 516,959 shares in the last quarter. 59.71% of the stock is owned by institutional investors.
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.
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