NetEase (NASDAQ:NTES) Upgraded to “Strong-Buy” at StockNews.com

StockNews.com upgraded shares of NetEase (NASDAQ:NTES) from a buy rating to a strong-buy rating in a research report released on Thursday morning.

NTES has been the topic of several other reports. Bank of America lowered their price objective on shares of NetEase from $142.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday, August 23rd. Benchmark lowered their price target on NetEase from $120.00 to $105.00 and set a “buy” rating on the stock in a report on Friday, November 15th. Jefferies Financial Group reduced their price objective on NetEase from $126.00 to $103.00 and set a “buy” rating for the company in a research note on Thursday, August 22nd. Barclays lowered their target price on NetEase from $104.00 to $82.00 and set an “equal weight” rating on the stock in a research note on Monday, August 26th. Finally, Citigroup raised their price target on shares of NetEase from $108.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $107.29.

NetEase Price Performance

Shares of NTES opened at $87.48 on Thursday. The company has a 50-day moving average of $85.61 and a two-hundred day moving average of $88.08. The stock has a market cap of $56.18 billion, a price-to-earnings ratio of 14.78, a PEG ratio of 3.23 and a beta of 0.57. NetEase has a one year low of $75.85 and a one year high of $114.50.

NetEase Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a $0.435 dividend. This represents a $1.74 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date is Friday, November 29th. NetEase’s dividend payout ratio (DPR) is presently 29.22%.

Institutional Trading of NetEase

Several large investors have recently added to or reduced their stakes in NTES. Mather Group LLC. raised its holdings in shares of NetEase by 1,415.0% during the 2nd quarter. Mather Group LLC. now owns 303 shares of the technology company’s stock valued at $31,000 after purchasing an additional 283 shares in the last quarter. SYSTM Wealth Solutions LLC lifted its position in shares of NetEase by 55.5% in the second quarter. SYSTM Wealth Solutions LLC now owns 328 shares of the technology company’s stock worth $31,000 after buying an additional 117 shares during the last quarter. Ariadne Wealth Management LP acquired a new stake in shares of NetEase in the second quarter worth about $35,000. Highline Wealth Partners LLC acquired a new position in shares of NetEase during the 3rd quarter valued at about $45,000. Finally, RPg Family Wealth Advisory LLC acquired a new stake in NetEase in the 3rd quarter worth approximately $70,000. 11.07% of the stock is owned by institutional investors.

About NetEase

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.