Credit Agricole SA upgraded shares of NetEase Inc. (NASDAQ:NTES) from an underperform rating to an outperform rating in a research report report published on Monday. Credit Agricole SA currently has $272.00 price target on the stock.
Other equities analysts also recently issued research reports about the stock. Brean Capital restated a buy rating on shares of NetEase in a research note on Tuesday, August 2nd. Zacks Investment Research downgraded shares of NetEase from a strong-buy rating to a hold rating in a research note on Wednesday, July 27th. Vetr cut shares of NetEase from a buy rating to a hold rating and set a $212.23 target price for the company. in a report on Monday, August 15th. Deutsche Bank AG upped their target price on shares of NetEase from $190.00 to $207.00 and gave the company a buy rating in a report on Friday, June 24th. Finally, Macquarie upped their target price on shares of NetEase from $256.00 to $280.00 and gave the company an outperform rating in a report on Wednesday, September 28th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus price target of $221.08.
NetEase (NASDAQ:NTES) opened at 248.13 on Monday. The stock has a market cap of $32.53 billion, a price-to-earnings ratio of 23.74 and a beta of 1.04. The company has a 50-day moving average price of $228.69 and a 200-day moving average price of $183.24. NetEase has a 52 week low of $126.62 and a 52 week high of $254.48.
NetEase (NASDAQ:NTES) last released its quarterly earnings data on Wednesday, August 17th. The company reported $3.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.61 by $1.06. NetEase had a net margin of 29.34% and a return on equity of 31.47%. Equities research analysts anticipate that NetEase will post $12.52 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 9th. Shareholders of record on Wednesday, August 31st were issued a $0.78 dividend. The ex-dividend date of this dividend was Monday, August 29th. This is a boost from NetEase’s previous quarterly dividend of $0.73. This represents a $3.12 dividend on an annualized basis and a yield of 1.26%. NetEase’s dividend payout ratio (DPR) is 25.14%.
A number of hedge funds and other institutional investors have recently modified their holdings of NTES. 1st Global Advisors Inc. boosted its position in shares of NetEase by 2.6% in the second quarter. 1st Global Advisors Inc. now owns 1,950 shares of the company’s stock worth $377,000 after buying an additional 49 shares during the period. Fulton Bank N.A. raised its stake in NetEase by 4.7% in the second quarter. Fulton Bank N.A. now owns 2,852 shares of the company’s stock valued at $551,000 after buying an additional 129 shares in the last quarter. Norinchukin Bank The raised its stake in NetEase by 9.1% in the second quarter. Norinchukin Bank The now owns 2,400 shares of the company’s stock valued at $464,000 after buying an additional 200 shares in the last quarter. Cardan Capital Partners LLC raised its stake in NetEase by 1.4% in the second quarter. Cardan Capital Partners LLC now owns 20,576 shares of the company’s stock valued at $3,976,000 after buying an additional 278 shares in the last quarter. Finally, AXA raised its stake in NetEase by 60.0% in the second quarter. AXA now owns 800 shares of the company’s stock valued at $155,000 after buying an additional 300 shares in the last quarter. 59.71% of the stock is owned by 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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