NetEase (NASDAQ:NTES) Shares Down 2.5%

NetEase, Inc. (NASDAQ:NTES) shares dropped 2.5% during trading on Tuesday . The company traded as low as $92.21 and last traded at $92.55. Approximately 326,325 shares were traded during trading, a decline of 81% from the average daily volume of 1,732,372 shares. The stock had previously closed at $94.88.

Analyst Upgrades and Downgrades

NTES has been the subject of a number of research analyst reports. HSBC decreased their price target on NetEase from $130.00 to $126.00 and set a “buy” rating for the company in a research report on Wednesday. Morgan Stanley decreased their price target on NetEase from $135.00 to $120.00 and set an “overweight” rating for the company in a research report on Friday, April 12th. Finally, StockNews.com raised NetEase from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, March 26th. Seven equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $126.00.

NetEase Price Performance

The firm has a fifty day simple moving average of $102.78 and a two-hundred day simple moving average of $103.09. The firm has a market capitalization of $60.62 billion, a P/E ratio of 14.85, a price-to-earnings-growth ratio of 0.85 and a beta of 0.58.

NetEase (NASDAQ:NTES) last announced its quarterly earnings data on Thursday, February 29th. The technology company reported $1.42 earnings per share for the quarter, missing the consensus estimate of $1.62 by ($0.20). NetEase had a net margin of 28.39% and a return on equity of 24.36%. The firm had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $3.96 billion. On average, research analysts anticipate that NetEase, Inc. will post 7.04 EPS for the current year.

NetEase Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were issued a $1.08 dividend. This is a positive change from NetEase’s previous quarterly dividend of $0.50. This represents a $4.32 dividend on an annualized basis and a dividend yield of 4.59%. The ex-dividend date of this dividend was Wednesday, March 13th. NetEase’s dividend payout ratio (DPR) is presently 68.09%.

Hedge Funds Weigh In On NetEase

A number of large investors have recently made changes to their positions in the stock. Financial Counselors Inc. boosted its holdings in shares of NetEase by 4.1% in the fourth quarter. Financial Counselors Inc. now owns 3,195 shares of the technology company’s stock worth $298,000 after acquiring an additional 125 shares during the period. Lindbrook Capital LLC boosted its holdings in shares of NetEase by 14.0% in the fourth quarter. Lindbrook Capital LLC now owns 1,043 shares of the technology company’s stock worth $97,000 after acquiring an additional 128 shares during the period. Sequoia Financial Advisors LLC boosted its holdings in shares of NetEase by 5.8% in the fourth quarter. Sequoia Financial Advisors LLC now owns 2,588 shares of the technology company’s stock worth $241,000 after acquiring an additional 143 shares during the period. Huntington National Bank boosted its holdings in shares of NetEase by 31.4% in the third quarter. Huntington National Bank now owns 678 shares of the technology company’s stock worth $68,000 after acquiring an additional 162 shares during the period. Finally, Panagora Asset Management Inc. boosted its holdings in shares of NetEase by 1.5% in the third quarter. Panagora Asset Management Inc. now owns 12,201 shares of the technology company’s stock worth $1,222,000 after acquiring an additional 178 shares during the period. 11.07% of the stock is owned by institutional investors.

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.