NetEase, Inc. (NASDAQ:NTES) Given Consensus Rating of “Buy” by Brokerages

NetEase, Inc. (NASDAQ:NTES) has received an average rating of “Buy” from the six research firms that are currently covering the firm, MarketBeat Ratings reports. Six analysts have rated the stock with a buy recommendation. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $126.00.

Several analysts have recently commented on NTES shares. StockNews.com raised NetEase from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, March 26th. Morgan Stanley cut their target price on NetEase from $135.00 to $120.00 and set an “overweight” rating on the stock in a report on Friday, April 12th.

Institutional Investors Weigh In On NetEase

A number of institutional investors have recently added to or reduced their stakes in the company. Naviter Wealth LLC acquired a new stake in NetEase during the first quarter worth about $556,000. Wealth Enhancement Advisory Services LLC grew its position in NetEase by 4.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 9,501 shares of the technology company’s stock worth $983,000 after buying an additional 430 shares in the last quarter. Guinness Asset Management LTD grew its position in NetEase by 8.3% during the first quarter. Guinness Asset Management LTD now owns 80,371 shares of the technology company’s stock worth $8,316,000 after buying an additional 6,190 shares in the last quarter. Park Avenue Securities LLC grew its position in NetEase by 7.3% during the first quarter. Park Avenue Securities LLC now owns 5,695 shares of the technology company’s stock worth $589,000 after buying an additional 387 shares in the last quarter. Finally, Ridgewood Investments LLC acquired a new stake in NetEase during the first quarter worth about $457,000. 11.07% of the stock is owned by institutional investors and hedge funds.

NetEase Stock Up 2.8 %

Shares of NetEase stock opened at $92.50 on Friday. The stock has a market cap of $59.64 billion, a PE ratio of 14.61, a price-to-earnings-growth ratio of 0.82 and a beta of 0.58. The business has a fifty day simple moving average of $103.81 and a 200-day simple moving average of $103.22. NetEase has a 12 month low of $80.79 and a 12 month high of $118.89.

NetEase (NASDAQ:NTES) last issued its earnings results on Thursday, February 29th. The technology company reported $1.42 EPS for the quarter, missing the consensus estimate of $1.62 by ($0.20). The business had revenue of $3.82 billion during the quarter, compared to analyst estimates of $3.96 billion. NetEase had a return on equity of 24.36% and a net margin of 28.39%. Analysts expect that NetEase will post 7.04 EPS for the current fiscal year.

NetEase Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were given a dividend of $1.08 per share. The ex-dividend date of this dividend was Wednesday, March 13th. This is an increase from NetEase’s previous quarterly dividend of $0.50. This represents a $4.32 dividend on an annualized basis and a yield of 4.67%. NetEase’s dividend payout ratio (DPR) is 67.93%.

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.