ValuEngine downgraded shares of NetEase, Inc. (NASDAQ:NTES) from a buy rating to a hold rating in a research note issued to investors on Friday, September 1st.
Several other equities analysts also recently commented on NTES. Zacks Investment Research downgraded shares of NetEase from a buy rating to a hold rating in a research report on Tuesday, August 8th. BidaskClub raised NetEase from a hold rating to a buy rating in a research report on Thursday, August 10th. Vetr downgraded NetEase from a strong-buy rating to a buy rating and set a $318.49 price target on the stock. in a research report on Monday, May 22nd. CLSA downgraded NetEase from an outperform rating to an underperform rating in a research report on Thursday, August 10th. Finally, Instinet downgraded NetEase from a buy rating to a neutral rating and lowered their price target for the company from $307.00 to $297.00 in a research report on Thursday, May 11th. Four research analysts have rated the stock with a sell rating, five have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of $306.40.
NetEase (NTES) traded up 0.96% during trading on Friday, reaching $271.07. The company had a trading volume of 2,140,291 shares. The company has a market capitalization of $35.73 billion, a P/E ratio of 17.78 and a beta of 0.96. The firm’s 50 day moving average is $282.13 and its 200-day moving average is $288.53. NetEase has a 12 month low of $211.11 and a 12 month high of $337.55.
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The firm also recently declared a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Friday, August 25th were paid a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend was Wednesday, August 23rd. NetEase’s dividend payout ratio is 25.07%.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. OLD National Bancorp IN increased its holdings in shares of NetEase by 0.4% during the second quarter. OLD National Bancorp IN now owns 930 shares of the technology company’s stock worth $280,000 after buying an additional 4 shares in the last quarter. Ameritas Investment Partners Inc. increased its holdings in shares of NetEase by 1.3% during the second quarter. Ameritas Investment Partners Inc. now owns 1,366 shares of the technology company’s stock worth $411,000 after buying an additional 17 shares in the last quarter. Financial Counselors Inc. increased its holdings in shares of NetEase by 1.7% during the second quarter. Financial Counselors Inc. now owns 1,211 shares of the technology company’s stock worth $364,000 after buying an additional 20 shares in the last quarter. Norinchukin Bank The increased its holdings in shares of NetEase by 0.9% during the first quarter. Norinchukin Bank The now owns 2,468 shares of the technology company’s stock worth $701,000 after buying an additional 22 shares in the last quarter. Finally, HPM Partners LLC increased its holdings in shares of NetEase by 2.3% during the second quarter. HPM Partners LLC now owns 1,334 shares of the technology company’s stock worth $401,000 after buying an additional 30 shares in the last quarter. Hedge funds and other institutional investors own 50.38% of the company’s stock.
NetEase Company Profile
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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