NetEase Inc (NASDAQ:NTES) declared a quarterly dividend on Wednesday, November 20th, Zacks reports. Stockholders of record on Friday, December 6th will be given a dividend of 4.14 per share by the technology company on Friday, December 13th. This represents a $16.56 dividend on an annualized basis and a dividend yield of 5.38%. The ex-dividend date of this dividend is Thursday, December 5th. This is an increase from NetEase’s previous quarterly dividend of $1.04.
NASDAQ NTES opened at $307.97 on Tuesday. NetEase has a 12 month low of $209.01 and a 12 month high of $320.00. The stock has a market cap of $40.35 billion, a PE ratio of 44.83, a P/E/G ratio of 0.40 and a beta of 0.81. The stock’s 50 day moving average is $293.71 and its 200 day moving average is $265.94.
NTES has been the topic of several recent analyst reports. Tigress Financial began coverage on shares of NetEase in a research report on Friday, August 16th. They set a “buy” rating on the stock. Citigroup upped their target price on shares of NetEase from $301.00 to $326.00 and gave the stock a “buy” rating in a research report on Friday, September 6th. Barclays raised their target price on shares of NetEase from $340.00 to $360.00 and gave the company an “overweight” rating in a research note on Monday, November 25th. Jefferies Financial Group assumed coverage on shares of NetEase in a report on Monday, August 5th. They issued a “buy” rating and a $274.60 price target on the stock. Finally, Nomura boosted their price target on shares of NetEase from $317.00 to $350.00 and gave the stock a “buy” rating in a research note on Friday, November 22nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have issued a buy rating to the stock. NetEase has a consensus rating of “Buy” and a consensus price target of $307.55.
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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