NetEase (NASDAQ:NTES) Research Coverage Started at Barclays

Barclays assumed coverage on shares of NetEase (NASDAQ:NTES) in a report published on Thursday, Marketbeat reports. The firm issued an equal weight rating and a $104.00 price target on the technology company’s stock.

Other equities analysts also recently issued research reports about the stock. StockNews.com downgraded shares of NetEase from a strong-buy rating to a buy rating in a research note on Thursday, May 16th. HSBC cut their target price on NetEase from $130.00 to $126.00 and set a buy rating on the stock in a report on Wednesday, April 24th. Morgan Stanley reiterated an equal weight rating and issued a $100.00 price target (down previously from $120.00) on shares of NetEase in a research report on Thursday, May 23rd. Finally, Benchmark raised their price objective on NetEase from $144.00 to $145.00 and gave the stock a buy rating in a research report on Friday, May 24th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus price target of $123.00.

NetEase Stock Up 0.3 %

Shares of NTES opened at $92.54 on Thursday. The stock has a market cap of $59.43 billion, a PE ratio of 14.35, a PEG ratio of 1.79 and a beta of 0.52. NetEase has a 12-month low of $81.30 and a 12-month high of $118.89. The business has a 50-day simple moving average of $95.26 and a two-hundred day simple moving average of $99.38.

NetEase (NASDAQ:NTES) last released its quarterly earnings data on Thursday, May 23rd. The technology company reported $1.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.68 by ($0.05). The firm had revenue of $3.72 billion during the quarter, compared to analyst estimates of $3.61 billion. NetEase had a net margin of 28.75% and a return on equity of 24.19%. On average, equities research analysts expect that NetEase will post 6.86 EPS for the current year.

NetEase Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Thursday, June 6th will be given a dividend of $0.495 per share. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $1.98 annualized dividend and a dividend yield of 2.14%. NetEase’s payout ratio is 30.54%.

Institutional Investors Weigh In On NetEase

A number of hedge funds have recently added to or reduced their stakes in the business. Boston Partners acquired a new stake in shares of NetEase during the 4th quarter worth approximately $964,000. Assenagon Asset Management S.A. boosted its stake in NetEase by 451.3% during the fourth quarter. Assenagon Asset Management S.A. now owns 511,454 shares of the technology company’s stock worth $47,647,000 after acquiring an additional 418,677 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in NetEase by 64.5% in the fourth quarter. BNP Paribas Financial Markets now owns 56,809 shares of the technology company’s stock worth $5,292,000 after purchasing an additional 22,268 shares during the period. Nomura Asset Management Co. Ltd. increased its stake in NetEase by 879.6% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 28,311 shares of the technology company’s stock valued at $2,637,000 after purchasing an additional 25,421 shares in the last quarter. Finally, AI Squared Management Ltd acquired a new position in shares of NetEase during the fourth quarter valued at about $7,322,000. 11.07% of the stock is currently owned by institutional investors.

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.