NetEase, Inc. (NASDAQ:NTES) Receives Average Recommendation of “Moderate Buy” from Brokerages

NetEase, Inc. (NASDAQ:NTES) has received an average rating of “Moderate Buy” from the six ratings firms that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $112.67.

Several equities analysts have weighed in on the stock. StockNews.com cut shares of NetEase from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 20th. Barclays decreased their price target on shares of NetEase from $104.00 to $82.00 and set an “equal weight” rating for the company in a report on Monday, August 26th. Benchmark increased their price target on shares of NetEase from $144.00 to $145.00 and gave the stock a “buy” rating in a research report on Friday, May 24th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $100.00 price objective on shares of NetEase in a research note on Friday, July 5th. Finally, Bank of America reduced their price target on shares of NetEase from $142.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday, August 23rd.

Institutional Investors Weigh In On NetEase

Several hedge funds have recently bought and sold shares of the stock. Victory Capital Management Inc. boosted its stake in NetEase by 301.6% in the 4th quarter. Victory Capital Management Inc. now owns 15,749 shares of the technology company’s stock worth $1,467,000 after purchasing an additional 11,827 shares in the last quarter. Principal Securities Inc. purchased a new stake in NetEase during the 4th quarter worth approximately $353,000. BNP Paribas Financial Markets raised its position in shares of NetEase by 64.5% in the fourth quarter. BNP Paribas Financial Markets now owns 56,809 shares of the technology company’s stock valued at $5,292,000 after buying an additional 22,268 shares during the last quarter. Jump Financial LLC purchased a new position in shares of NetEase during the fourth quarter worth approximately $432,000. Finally, QRG Capital Management Inc. grew its position in shares of NetEase by 16.8% during the fourth quarter. QRG Capital Management Inc. now owns 6,144 shares of the technology company’s stock worth $572,000 after acquiring an additional 883 shares during the last quarter. 11.07% of the stock is currently owned by institutional investors.

NetEase Stock Up 0.2 %

NTES opened at $77.32 on Monday. The business has a 50 day moving average price of $87.32 and a two-hundred day moving average price of $94.31. The company has a market cap of $49.65 billion, a PE ratio of 11.99, a P/E/G ratio of 1.72 and a beta of 0.54. NetEase has a 52 week low of $75.85 and a 52 week high of $118.89.

NetEase (NASDAQ:NTES) last released its quarterly earnings data on Thursday, August 22nd. The technology company reported $12.05 EPS for the quarter, beating the consensus estimate of $1.62 by $10.43. The company had revenue of $25.49 billion for the quarter, compared to analyst estimates of $26.01 billion. NetEase had a return on equity of 22.30% and a net margin of 26.98%. The firm’s revenue was up 6.1% compared to the same quarter last year. During the same period last year, the company posted $1.75 earnings per share. As a group, sell-side analysts expect that NetEase will post 6.05 EPS for the current fiscal year.

NetEase Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Friday, September 6th will be given a $0.435 dividend. The ex-dividend date of this dividend is Friday, September 6th. This represents a $1.74 dividend on an annualized basis and a dividend yield of 2.25%. NetEase’s dividend payout ratio (DPR) is currently 26.82%.

NetEase Company Profile

NetEase, Inc engages in online games, music streaming, online intelligent learning services, and internet content services businesses in China and internationally . The company operates through Games and Related Value-Added Services, Youdao, Cloud Music, and Innovative Businesses and Others segments.