Jefferies Group assumed coverage on shares of NetEase Inc. (NASDAQ:NTES) in a research report sent to investors on Thursday. The brokerage issued a hold rating and a $245.00 price target on the stock.
Several other research firms have also commented on NTES. Credit Suisse Group AG initiated coverage on NetEase in a research note on Friday, August 19th. They issued a neutral rating and a $230.00 price objective for the company. Deutsche Bank AG upped their price objective on NetEase from $190.00 to $207.00 and gave the stock a buy rating in a research note on Friday, June 24th. Vetr upgraded NetEase from a strong sell rating to a sell rating and set a $218.71 price target for the company in a research note on Monday, September 26th. Macquarie increased their price target on NetEase from $256.00 to $280.00 and gave the stock an outperform rating in a research note on Wednesday, September 28th. Finally, Brean Capital initiated coverage on NetEase in a research note on Monday, July 18th. They issued a buy rating and a $235.00 price target for the company. One analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of Buy and a consensus price target of $221.08.
Shares of NetEase (NASDAQ:NTES) opened at 244.86 on Thursday. The stock has a 50 day moving average price of $226.63 and a 200-day moving average price of $182.04. NetEase has a 1-year low of $124.87 and a 1-year high of $254.48. The company has a market cap of $32.10 billion, a price-to-earnings ratio of 23.42 and a beta of 1.03.
NetEase (NASDAQ:NTES) last posted its quarterly earnings data on Wednesday, August 17th. The company reported $3.67 EPS for the quarter, topping the consensus estimate of $2.61 by $1.06. NetEase had a return on equity of 31.47% and a net margin of 29.34%. Equities research analysts forecast that NetEase will post $12.52 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 9th. Investors of record on Wednesday, August 31st were issued a $0.78 dividend. This is an increase from NetEase’s previous quarterly dividend of $0.73. The ex-dividend date was Monday, August 29th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.27%. NetEase’s dividend payout ratio (DPR) is presently 25.14%.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Orbis Allan Gray Ltd acquired a new position in shares of NetEase during the first quarter worth approximately $1,449,733,000. Lazard Asset Management LLC increased its position in shares of NetEase by 0.4% in the first quarter. Lazard Asset Management LLC now owns 5,028,755 shares of the company’s stock worth $722,028,000 after buying an additional 21,375 shares during the last quarter. Comgest Global Investors S.A.S. increased its position in shares of NetEase by 0.4% in the second quarter. Comgest Global Investors S.A.S. now owns 2,921,119 shares of the company’s stock worth $564,418,000 after buying an additional 12,423 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of NetEase by 9.6% in the first quarter. Renaissance Technologies LLC now owns 2,187,700 shares of the company’s stock worth $314,110,000 after buying an additional 191,600 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. increased its position in shares of NetEase by 39.1% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 1,837,876 shares of the company’s stock worth $355,114,000 after buying an additional 516,959 shares during the last quarter. 59.71% of the stock is owned by hedge funds and other institutional investors.
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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