NetEase (NASDAQ:NTES)’s share price reached a new 52-week high and low on Wednesday . The company traded as low as $230.88 and last traded at $232.10, with a volume of 46647 shares changing hands. The stock had previously closed at $233.01.
A number of equities analysts have recently weighed in on NTES shares. Barclays reissued a “hold” rating and issued a $280.00 price objective on shares of NetEase in a research report on Wednesday, May 16th. Zacks Investment Research downgraded shares of NetEase from a “hold” rating to a “sell” rating in a report on Saturday, March 31st. Deutsche Bank set a $347.00 target price on shares of NetEase and gave the company a “buy” rating in a report on Thursday, April 5th. Vetr upgraded shares of NetEase from a “buy” rating to a “strong-buy” rating and set a $363.00 target price for the company in a report on Tuesday, January 30th. Finally, BidaskClub downgraded shares of NetEase from a “hold” rating to a “sell” rating in a report on Tuesday, March 27th. Six research analysts have rated the stock with a sell rating, three have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $329.40.
The firm has a market cap of $30.54 billion, a PE ratio of 17.97, a P/E/G ratio of 1.75 and a beta of 0.89.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 8th. Shareholders of record on Friday, June 1st will be paid a dividend of $0.23 per share. The ex-dividend date of this dividend is Thursday, May 31st. This represents a $0.92 annualized dividend and a yield of 0.41%. NetEase’s dividend payout ratio is currently 24.17%.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Banco de Sabadell S.A purchased a new stake in NetEase during the first quarter worth approximately $100,000. Icon Wealth Partners LLC purchased a new stake in NetEase during the fourth quarter worth approximately $176,000. We Are One Seven LLC purchased a new stake in NetEase during the fourth quarter worth approximately $203,000. Mariner Wealth Advisors LLC purchased a new stake in NetEase during the fourth quarter worth approximately $233,000. Finally, Financial Advocates Investment Management purchased a new stake in NetEase during the fourth quarter worth approximately $254,000. Institutional investors own 48.96% of the company’s stock.
NetEase Company Profile
NetEase, Inc operates an interactive online community in the People's Republic of China. The company operates through Online Game Services; Advertising Services; and E-mail, E-commerce and Others segments. It offers PC-client massively multi-player online role-playing games and mobile games; and distributes its point cards to gamers.
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