NetEase, Inc. (NASDAQ:NTES) Receives $112.67 Consensus Price Target from Analysts

NetEase, Inc. (NASDAQ:NTES) has earned a consensus recommendation of “Moderate Buy” from the six brokerages that are covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $112.67.

Several equities research analysts recently weighed in on the company. Bank of America reduced their price target on NetEase from $142.00 to $120.00 and set a “buy” rating on the stock in a research note on Friday, August 23rd. StockNews.com cut shares of NetEase from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 20th. Jefferies Financial Group decreased their target price on shares of NetEase from $126.00 to $103.00 and set a “buy” rating for the company in a research note on Thursday, August 22nd. Finally, Barclays decreased their price objective 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.

NetEase Trading Down 0.1 %

Shares of NTES stock opened at $79.04 on Tuesday. The firm’s 50 day moving average is $83.72 and its 200 day moving average is $89.86. The stock has a market capitalization of $50.76 billion, a P/E ratio of 12.89, a PEG ratio of 1.75 and a beta of 0.57. NetEase has a 12 month low of $75.85 and a 12 month high of $118.89.

NetEase (NASDAQ:NTES) last issued its quarterly earnings results on Thursday, August 22nd. The technology company reported $12.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.62 by $10.43. NetEase had a return on equity of 22.30% and a net margin of 26.98%. The firm had revenue of $25.49 billion during the quarter, compared to analyst estimates of $26.01 billion. During the same quarter in the previous year, the company posted $1.75 earnings per share. The company’s revenue was up 6.1% compared to the same quarter last year. On average, equities analysts predict that NetEase will post 6.02 EPS for the current year.

NetEase Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Friday, September 6th were issued a dividend of $0.435 per share. This represents a $1.74 annualized dividend and a yield of 2.20%. The ex-dividend date of this dividend was Friday, September 6th. NetEase’s dividend payout ratio is presently 28.22%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Mather Group LLC. grew its holdings in shares of NetEase by 1,415.0% in the second quarter. Mather Group LLC. now owns 303 shares of the technology company’s stock worth $31,000 after purchasing an additional 283 shares during the last quarter. SYSTM Wealth Solutions LLC grew its stake in NetEase by 55.5% during the 2nd quarter. SYSTM Wealth Solutions LLC now owns 328 shares of the technology company’s stock valued at $31,000 after purchasing an additional 117 shares during the last quarter. Ariadne Wealth Management LP purchased a new position in shares of NetEase during the 2nd quarter valued at approximately $35,000. Highline Wealth Partners LLC acquired a new stake in NetEase in the third quarter valued at approximately $45,000. Finally, ORG Partners LLC acquired a new position in shares of NetEase during the first quarter valued at approximately $50,000. Hedge funds and other institutional investors own 11.07% of the company’s stock.

About NetEase

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.