NetEase Inc. (NASDAQ:NTES) – Equities researchers at Credit Agricole SA issued their FY2016 earnings per share (EPS) estimates for NetEase in a research report issued to clients and investors on Monday. Credit Agricole SA analyst M. Lam forecasts that the brokerage will post earnings per share of $10.57 for the year. Credit Agricole SA currently has a “Outperform” rating and a $272.00 target price on the stock.
NTES has been the subject of a number of other reports. Zacks Investment Research raised NetEase from a “hold” rating to a “buy” rating and set a $232.00 target price for the company in a research note on Thursday, July 28th. Vetr downgraded NetEase from a “sell” rating to a “strong sell” rating and set a $210.98 target price for the company. in a research note on Monday, September 19th. Brean Capital reaffirmed a “buy” rating on shares of NetEase in a research note on Tuesday, August 2nd. Finally, Macquarie raised 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 analyst has rated the stock with a sell rating, four have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. NetEase has an average rating of “Buy” and an average target price of $221.08.
NetEase (NASDAQ:NTES) opened at 252.95 on Thursday. The stock has a market capitalization of $33.17 billion, a PE ratio of 24.20 and a beta of 1.04. The company’s 50-day moving average is $231.21 and its 200 day moving average is $184.50. NetEase has a 12-month low of $128.81 and a 12-month high of $257.56.
NetEase (NASDAQ:NTES) last released its quarterly earnings results on Wednesday, August 17th. The company reported $3.67 earnings per share for the quarter, topping the consensus estimate of $2.61 by $1.06. NetEase had a net margin of 29.34% and a return on equity of 31.47%.
A number of institutional investors have recently made changes to their positions in NTES. Orbis Allan Gray Ltd purchased a new position in shares of NetEase during the first quarter worth approximately $1,449,733,000. Lazard Asset Management LLC boosted its position in shares of NetEase by 0.4% in the first quarter. Lazard Asset Management LLC now owns 5,028,755 shares of the company’s stock worth $722,028,000 after buying an additional 21,375 shares during the period. Comgest Global Investors S.A.S. boosted its position in shares of 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 worth $564,418,000 after buying an additional 12,423 shares during the period. Renaissance Technologies LLC boosted its position in shares of NetEase by 9.6% in the first quarter. Renaissance Technologies LLC now owns 2,187,700 shares of the company’s stock worth $314,110,000 after buying an additional 191,600 shares during the period. Finally, BlackRock Institutional Trust Company N.A. boosted its position in shares of 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 worth $355,114,000 after buying an additional 516,959 shares during the period. Institutional investors own 59.71% of the company’s stock.
The company also recently announced a quarterly dividend, which was paid on Friday, September 9th. Investors of record on Wednesday, August 31st were issued a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 1.23%. This is a boost from NetEase’s previous quarterly dividend of $0.73. The ex-dividend date was Monday, August 29th. NetEase’s dividend payout ratio (DPR) is 25.14%.
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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