NetEase, Inc. (NASDAQ:NTES) Receives Average Rating of “Moderate Buy” from Analysts

Shares of NetEase, Inc. (NASDAQ:NTES) have earned an average recommendation of “Moderate Buy” from the seven ratings firms that are covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $107.29.

NTES has been the topic of a number of analyst reports. StockNews.com cut shares of NetEase from a “strong-buy” rating to a “buy” rating in a report on Friday, December 6th. Benchmark dropped their price target on shares of NetEase from $120.00 to $105.00 and set a “buy” rating on the stock in a research note on Friday, November 15th. Finally, Citigroup boosted their price objective on NetEase from $108.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, November 15th.

Hedge Funds Weigh In On NetEase

A number of hedge funds and other institutional investors have recently modified their holdings of NTES. Franklin Resources Inc. increased its position in shares of NetEase by 7.9% in the third quarter. Franklin Resources Inc. now owns 6,915 shares of the technology company’s stock worth $588,000 after acquiring an additional 507 shares in the last quarter. World Investment Advisors LLC acquired a new position in NetEase in the 3rd quarter worth approximately $4,138,000. Sanctuary Advisors LLC grew its position in NetEase by 5.6% during the 3rd quarter. Sanctuary Advisors LLC now owns 13,245 shares of the technology company’s stock worth $1,145,000 after purchasing an additional 701 shares in the last quarter. Advisory Resource Group raised its stake in NetEase by 22.0% during the 3rd quarter. Advisory Resource Group now owns 12,626 shares of the technology company’s stock valued at $1,181,000 after purchasing an additional 2,281 shares during the period. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of NetEase in the third quarter worth $11,636,000. Institutional investors and hedge funds own 11.07% of the company’s stock.

NetEase Price Performance

Shares of NASDAQ NTES opened at $92.22 on Wednesday. The firm has a market capitalization of $59.22 billion, a PE ratio of 15.58, a P/E/G ratio of 3.53 and a beta of 0.57. NetEase has a 1-year low of $75.85 and a 1-year high of $114.50. The business’s fifty day moving average price is $85.81 and its two-hundred day moving average price is $87.94.

NetEase Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were issued a $0.435 dividend. This represents a $1.74 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date of this dividend was Friday, November 29th. NetEase’s payout ratio is 29.22%.

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.