NetEase Inc. (NASDAQ:NTES) had its target price boosted by stock analysts at Macquarie from $256.00 to $280.00 in a note issued to investors on Wednesday. The brokerage currently has an “outperform” rating on the stock. Macquarie’s target price suggests a potential upside of 14.68% from the company’s current price.
A number of other research firms also recently issued reports on NTES. Credit Suisse Group AG initiated coverage on NetEase in a research report on Friday, August 19th. They issued a “neutral” rating and a $230.00 target price on the stock. Deutsche Bank AG boosted their price target on NetEase from $190.00 to $207.00 and gave the stock a “buy” rating in a research report on Friday, June 24th. Vetr raised NetEase from a “strong sell” rating to a “sell” rating and set a $218.71 price target on the stock in a research report on Monday. Brean Capital initiated coverage on NetEase in a research report on Monday, July 18th. They set a “buy” rating and a $235.00 price target on the stock. Finally, Zacks Investment Research downgraded NetEase from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 27th. Three analysts have rated the stock with a sell rating, two have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $205.82.
Shares of NetEase (NASDAQ:NTES) traded down 0.30% during mid-day trading on Wednesday, hitting $243.42. The company’s stock had a trading volume of 361,135 shares. NetEase has a 1-year low of $116.01 and a 1-year high of $254.48. The company has a 50-day moving average of $221.87 and a 200 day moving average of $179.31. The company has a market cap of $31.92 billion, a price-to-earnings ratio of 23.29 and a beta of 1.29.
NetEase (NASDAQ:NTES) last released its earnings results on Wednesday, August 17th. The company reported $3.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.61 by $1.06. NetEase had a return on equity of 31.47% and a net margin of 29.34%. On average, analysts expect that NetEase will post $12.40 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 9th. Shareholders of record on Wednesday, August 31st were paid a dividend of $0.78 per share. The ex-dividend date was Monday, August 29th. This is a boost from NetEase’s previous quarterly dividend of $0.73. This represents a $3.12 annualized dividend and a yield of 1.28%. NetEase’s dividend payout ratio is presently 25.14%.
Large investors have recently added to or reduced their stakes in the company. OLD National Bancorp IN increased its position in shares of NetEase by 4.6% in the first quarter. OLD National Bancorp IN now owns 1,918 shares of the company’s stock valued at $275,000 after buying an additional 85 shares during the period. Aperio Group LLC increased its position in shares of NetEase by 10.5% in the first quarter. Aperio Group LLC now owns 33,927 shares of the company’s stock valued at $4,871,000 after buying an additional 3,211 shares during the period. Virginia Retirement System bought a new position in shares of NetEase during the first quarter valued at about $1,450,000. CIBC World Markets Inc. bought a new position in shares of NetEase during the first quarter valued at about $316,000. Finally, Cabot Wealth Management Inc. bought a new position in shares of NetEase during the first quarter valued at about $3,908,000. Hedge funds and other institutional investors own 59.71% of the company’s stock.
NetEase, Inc (NetEase) is a technology company. The Company operates an interactive online community in China and is a provider of Chinese language content and services through its online games, Internet media, e-mail, e-commerce and other businesses. The Company operates through three segments: Online Game Services; Advertising Services, and E-mail, E-commerce and Others.
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