Shares of NetEase Inc (NASDAQ:NTES) have been assigned a consensus rating of “Buy” from the seventeen ratings firms that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and thirteen have issued a buy recommendation on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $287.21.
A number of research analysts recently commented on the company. Citigroup raised their price target on NetEase from $301.00 to $326.00 and gave the stock a “buy” rating in a research report on Friday, September 6th. Jefferies Financial Group initiated coverage on NetEase in a research report on Monday, August 5th. They issued a “buy” rating and a $274.60 target price on the stock. Zacks Investment Research upgraded NetEase from a “hold” rating to a “buy” rating and set a $238.00 target price on the stock in a research report on Thursday, August 8th. BidaskClub upgraded NetEase from a “strong sell” rating to a “sell” rating in a research report on Monday, August 12th. Finally, Tigress Financial initiated coverage on NetEase in a research report on Friday, August 16th. They issued a “buy” rating on the stock.
Several institutional investors have recently made changes to their positions in the company. Tower Research Capital LLC TRC purchased a new stake in NetEase in the 2nd quarter worth approximately $47,000. Quantamental Technologies LLC bought a new stake in shares of NetEase in the 2nd quarter worth $49,000. Huntington National Bank increased its holdings in shares of NetEase by 101.0% in the 2nd quarter. Huntington National Bank now owns 209 shares of the technology company’s stock worth $53,000 after purchasing an additional 105 shares in the last quarter. Oppenheimer Asset Management Inc. bought a new stake in shares of NetEase in the 2nd quarter worth $107,000. Finally, Close Asset Management Ltd increased its holdings in shares of NetEase by 233.3% in the 1st quarter. Close Asset Management Ltd now owns 500 shares of the technology company’s stock worth $121,000 after purchasing an additional 350 shares in the last quarter. Hedge funds and other institutional investors own 45.64% of the company’s stock.
NetEase (NASDAQ:NTES) last issued its quarterly earnings results on Wednesday, August 7th. The technology company reported $3.44 EPS for the quarter, topping the Zacks’ consensus estimate of $2.29 by $1.15. NetEase had a return on equity of 18.39% and a net margin of 11.86%. The company had revenue of $2.73 billion for the quarter, compared to analysts’ expectations of $2.73 billion. Equities research analysts predict that NetEase will post 10.33 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 23rd were paid a $1.04 dividend. This is a positive change from NetEase’s previous quarterly dividend of $0.69. This represents a $4.16 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date was Thursday, August 22nd. NetEase’s dividend payout ratio is currently 60.41%.
NetEase Company Profile
NetEase, Inc operates an interactive online community in the People's Republic of China. The company operates in four segments: Online Games Services, E-Commerce, Advertising Services, and Innovative Businesses and Other Services. It offers various games in a range of genres through mobile devices and PCs, including role-playing games, MMORPGs, battle arena games, simulation games, collectible card games, first-person shooter games, sandbox games, and other types of games to the Chinese market.
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