BidaskClub upgraded shares of NetEase (NASDAQ:NTES) from a sell rating to a hold rating in a report released on Saturday morning.
A number of other analysts also recently commented on NTES. ValuEngine downgraded NetEase from a buy rating to a hold rating in a report on Friday, December 1st. Zacks Investment Research upgraded NetEase from a sell rating to a hold rating in a report on Thursday, March 8th. Vetr upgraded NetEase from a hold rating to a buy rating and set a $359.78 price target for the company in a report on Tuesday, November 21st. Sanford C. Bernstein set a $285.00 price target on NetEase and gave the company a sell rating in a report on Tuesday, February 27th. Finally, Barclays increased their price target on NetEase from $260.00 to $320.00 and gave the company an equal weight rating in a report on Tuesday, November 21st. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of Hold and an average target price of $344.87.
Shares of NetEase (NASDAQ NTES) opened at $317.95 on Friday. The company has a market capitalization of $43,189.10, a price-to-earnings ratio of 26.61, a PEG ratio of 1.84 and a beta of 0.84. NetEase has a twelve month low of $253.20 and a twelve month high of $377.64.
NetEase (NASDAQ:NTES) last released its quarterly earnings data on Wednesday, February 7th. The technology company reported $1.49 EPS for the quarter, missing analysts’ consensus estimates of $1.52 by ($0.03). The firm had revenue of $2.25 billion for the quarter, compared to analyst estimates of $2.27 billion. NetEase had a return on equity of 24.93% and a net margin of 19.64%. research analysts forecast that NetEase will post 13.44 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 2nd. Stockholders of record on Friday, February 23rd were paid a dividend of $0.38 per share. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $1.52 annualized dividend and a dividend yield of 0.48%. NetEase’s dividend payout ratio is presently 25.10%.
Several institutional investors have recently made changes to their positions in NTES. Central Asset Investments & Management Holdings HK Ltd acquired a new stake in shares of NetEase during the third quarter valued at about $2,092,000. Cornerstone Capital Management Holdings LLC. grew its stake in shares of NetEase by 69.5% during the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 3,300,425 shares of the technology company’s stock valued at $1,138,877,000 after acquiring an additional 1,352,700 shares in the last quarter. UBS Asset Management Americas Inc. grew its stake in shares of NetEase by 179.7% during the fourth quarter. UBS Asset Management Americas Inc. now owns 1,907,384 shares of the technology company’s stock valued at $658,181,000 after acquiring an additional 1,225,421 shares in the last quarter. Orbis Allan Gray Ltd grew its stake in shares of NetEase by 32.1% during the fourth quarter. Orbis Allan Gray Ltd now owns 4,119,291 shares of the technology company’s stock valued at $1,421,444,000 after acquiring an additional 1,000,970 shares in the last quarter. Finally, Viking Global Investors LP acquired a new stake in shares of NetEase during the fourth quarter valued at about $339,240,000. Institutional investors own 51.27% of the company’s stock.
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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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