NetEase, Inc. (NASDAQ:NTES) Receives $112.67 Average PT from Analysts

NetEase, Inc. (NASDAQ:NTES) has been given an average rating of “Moderate Buy” by the six brokerages that are covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $112.67.

NTES has been the subject of a number of recent analyst reports. Bank of America dropped their price objective on NetEase from $142.00 to $120.00 and set a “buy” rating for the company in a report on Friday, August 23rd. Barclays decreased their price target on NetEase from $104.00 to $82.00 and set an “equal weight” rating for the company in a report on Monday, August 26th. Morgan Stanley reiterated an “equal weight” rating and issued a $100.00 price objective on shares of NetEase in a research report on Friday, July 5th. Jefferies Financial Group decreased their price target on NetEase from $126.00 to $103.00 and set a “buy” rating on the stock in a research note on Thursday, August 22nd. Finally, Benchmark raised their target price on NetEase from $144.00 to $145.00 and gave the company a “buy” rating in a report on Friday, May 24th.

NetEase Trading Up 0.2 %

Shares of NetEase stock opened at $77.32 on Monday. NetEase has a 12-month low of $75.85 and a 12-month high of $118.89. The stock has a market cap of $49.65 billion, a PE ratio of 11.99, a price-to-earnings-growth ratio of 1.72 and a beta of 0.54. The company has a 50-day moving average of $87.32 and a two-hundred day moving average of $94.31.

NetEase (NASDAQ:NTES) last released its quarterly earnings results on Thursday, August 22nd. The technology company reported $12.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.62 by $10.43. NetEase had a net margin of 26.98% and a return on equity of 22.30%. The business had revenue of $25.49 billion for the quarter, compared to analyst estimates of $26.01 billion. During the same quarter in the previous year, the business earned $1.75 earnings per share. The firm’s revenue was up 6.1% compared to the same quarter last year. On average, sell-side analysts forecast that NetEase will post 6.05 EPS for the current fiscal year.

NetEase Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Friday, September 6th will be issued a dividend of $0.435 per share. This represents a $1.74 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date of this dividend is Friday, September 6th. NetEase’s dividend payout ratio is currently 26.82%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in NTES. Sequoia Financial Advisors LLC raised its position in shares of NetEase by 4.3% in the second quarter. Sequoia Financial Advisors LLC now owns 2,575 shares of the technology company’s stock valued at $246,000 after purchasing an additional 107 shares during the period. Guinness Atkinson Asset Management Inc grew its position in NetEase by 0.7% in the 2nd quarter. Guinness Atkinson Asset Management Inc now owns 15,422 shares of the technology company’s stock valued at $1,474,000 after purchasing an additional 110 shares during the period. SYSTM Wealth Solutions LLC boosted its holdings in NetEase by 55.5% during the 2nd quarter. SYSTM Wealth Solutions LLC now owns 328 shares of the technology company’s stock worth $31,000 after acquiring an additional 117 shares during the last quarter. Mendota Financial Group LLC raised its stake in shares of NetEase by 9.2% during the 1st quarter. Mendota Financial Group LLC now owns 1,508 shares of the technology company’s stock worth $156,000 after purchasing an additional 127 shares during the period. Finally, Fifth Third Bancorp raised its stake in NetEase by 1.9% in the 2nd quarter. Fifth Third Bancorp now owns 7,658 shares of the technology company’s stock valued at $732,000 after acquiring an additional 146 shares during the period. Institutional investors and hedge funds own 11.07% of the company’s stock.

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.