Shares of NetEase Inc (NASDAQ:NTES) have received a consensus recommendation of “Buy” from the seventeen ratings firms that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have assigned a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $312.59.
Several research analysts have recently weighed in on NTES shares. Macquarie assumed coverage on shares of NetEase in a research note on Thursday, November 21st. They set an “outperform” rating and a $363.00 price target on the stock. Citigroup upped their price objective on NetEase from $301.00 to $326.00 and gave the stock a “buy” rating in a research note on Friday, September 6th. ValuEngine cut NetEase from a “sell” rating to a “strong sell” rating in a report on Tuesday. Barclays lifted their target price on NetEase from $340.00 to $360.00 and gave the company an “overweight” rating in a research report on Monday, November 25th. Finally, Zacks Investment Research raised NetEase from a “hold” rating to a “buy” rating and set a $238.00 price target for the company in a report on Thursday, August 8th.
NTES stock traded down $2.84 during trading on Tuesday, reaching $311.36. The stock had a trading volume of 23,007 shares, compared to its average volume of 724,139. NetEase has a 52 week low of $209.01 and a 52 week high of $325.00. The stock’s 50 day moving average is $296.11 and its two-hundred day moving average is $266.64. The firm has a market cap of $40.35 billion, a PE ratio of 45.30, a PEG ratio of 0.40 and a beta of 0.81.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, December 6th will be paid a dividend of $4.14 per share. This is a boost from NetEase’s previous quarterly dividend of $1.04. The ex-dividend date is Thursday, December 5th. This represents a $16.56 dividend on an annualized basis and a dividend yield of 5.32%. NetEase’s payout ratio is 60.41%.
Hedge funds have recently modified their holdings of the business. Tower Research Capital LLC TRC purchased a new position in shares of NetEase in the second quarter worth $47,000. Quantamental Technologies LLC purchased a new stake in NetEase in the 2nd quarter worth $49,000. FNY Investment Advisers LLC bought a new position in shares of NetEase during the 3rd quarter valued at about $51,000. Oppenheimer Asset Management Inc. bought a new position in shares of NetEase during the 2nd quarter valued at about $107,000. Finally, CSat Investment Advisory L.P. bought a new position in shares of NetEase during the 2nd quarter valued at about $140,000. Institutional investors and hedge funds own 48.24% of the company’s stock.
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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