Vetr upgraded shares of NetEase Inc. (NASDAQ:NTES) from a strong sell rating to a sell rating in a research report sent to investors on Monday morning. Vetr currently has $218.71 price objective on the stock.
A number of other analysts have also issued reports on NTES. Brean Capital began coverage on NetEase in a research note on Monday, July 18th. They issued a buy rating and a $235.00 price target on the stock. Zacks Investment Research lowered NetEase from a strong-buy rating to a hold rating in a research note on Wednesday, July 27th. Credit Suisse Group AG began coverage on NetEase in a research note on Friday, August 19th. They issued a neutral rating and a $230.00 price target on the stock. Finally, Deutsche Bank AG lifted their price target on NetEase from $190.00 to $207.00 and gave the stock a buy rating in a research note on Friday, June 24th. Three analysts have rated the stock with a sell rating, two have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of Buy and a consensus target price of $198.13.
Shares of NetEase (NASDAQ:NTES) opened at 241.21 on Monday. NetEase has a 1-year low of $112.52 and a 1-year high of $254.48. The stock has a market cap of $31.63 billion, a price-to-earnings ratio of 23.08 and a beta of 1.29. The firm has a 50-day moving average price of $220.62 and a 200-day moving average price of $178.59.
NetEase (NASDAQ:NTES) last posted its quarterly earnings data on Wednesday, August 17th. The company reported $3.67 EPS for the quarter, beating the Zacks’ 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 analysts forecast that NetEase will post $12.40 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 9th. Investors of record on Wednesday, August 31st were issued a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 1.29%. The ex-dividend date was Monday, August 29th. This is an increase from NetEase’s previous quarterly dividend of $0.73. NetEase’s payout ratio is currently 25.14%.
Several large investors have recently bought and sold shares of NTES. Bank of Montreal Can purchased a new stake in NetEase during the second quarter valued at about $36,500,000. Handelsbanken Fonder AB increased its stake in NetEase by 46.2% in the second quarter. Handelsbanken Fonder AB now owns 530,619 shares of the company’s stock valued at $102,526,000 after buying an additional 167,600 shares in the last quarter. BlackRock Japan Co. Ltd increased its stake in NetEase by 13.4% in the first quarter. BlackRock Japan Co. Ltd now owns 71,514 shares of the company’s stock valued at $10,268,000 after buying an additional 8,461 shares in the last quarter. Orbis Allan Gray Ltd purchased a new stake in NetEase during the first quarter valued at about $1,449,733,000. Finally, Origin Asset Management LLP increased its stake in NetEase by 29.8% in the first quarter. Origin Asset Management LLP now owns 486,724 shares of the company’s stock valued at $69,884,000 after buying an additional 111,833 shares in the last quarter. 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.
To view Vetr’s full report, visit Vetr’s official website.
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