NetEase Inc. (NASDAQ:NTES) was upgraded by research analysts at Vetr from a “hold” rating to a “buy” rating in a note issued to investors on Monday. The firm currently has a $266.16 target price on the stock. Vetr‘s price objective indicates a potential upside of 8.70% from the stock’s current price.
Other analysts have also recently issued research reports about the company. Credit Agricole SA upgraded NetEase from an “underperform” rating to an “outperform” rating and set a $272.00 price objective for the company in a research report on Monday. Brean Capital reiterated a “buy” rating on shares of NetEase in a research report on Tuesday, August 2nd. Zacks Investment Research cut NetEase from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 27th. Deutsche Bank AG lifted their price objective on NetEase from $190.00 to $207.00 and gave the stock a “buy” rating in a research report on Friday, June 24th. Finally, Macquarie lifted their price objective on NetEase from $256.00 to $280.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 28th. One research analyst has rated the stock with a sell rating, three have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $221.08.
Shares of NetEase (NASDAQ:NTES) traded up 1.69% on Monday, hitting $244.86. 647,614 shares of the stock traded hands. NetEase has a 12 month low of $124.87 and a 12 month high of $254.48. The company has a market cap of $32.10 billion, a PE ratio of 23.42 and a beta of 1.03. The firm’s 50 day moving average is $226.63 and its 200-day moving average is $182.04.
NetEase (NASDAQ:NTES) last posted its quarterly earnings data 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 return on equity of 31.47% and a net margin of 29.34%. Equities analysts predict that NetEase will post $12.52 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 9th. Stockholders of record on Wednesday, August 31st were paid a $0.78 dividend. This is a positive change from NetEase’s previous quarterly dividend of $0.73. This represents a $3.12 annualized dividend and a dividend yield of 1.27%. The ex-dividend date of this dividend was Monday, August 29th. NetEase’s payout ratio is currently 25.14%.
Several institutional investors have recently added to or reduced their stakes in the stock. Tobam bought a new position in NetEase during the second quarter valued at approximately $5,944,000. Royal Bank of Canada raised its position in NetEase by 37.8% in the second quarter. Royal Bank of Canada now owns 39,162 shares of the company’s stock valued at $7,566,000 after buying an additional 10,750 shares during the period. Legal & General Group Plc raised its position in NetEase by 106.9% in the second quarter. Legal & General Group Plc now owns 147,989 shares of the company’s stock valued at $28,594,000 after buying an additional 76,472 shares during the period. First Foundation Advisors bought a new position in NetEase during the second quarter valued at approximately $593,000. Finally, Numeric Investors LLC raised its position in NetEase by 52.6% in the second quarter. Numeric Investors LLC now owns 250,556 shares of the company’s stock valued at $48,412,000 after buying an additional 86,400 shares during the period. 59.71% of the stock is currently owned by institutional investors and hedge funds.
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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