NTES has been the topic of several other research reports. TH Capital increased their price objective on shares of NetEase from $270.00 to $310.00 and gave the stock a buy rating in a research note on Monday, May 13th. Jefferies Financial Group assumed coverage on shares of NetEase in a research note on Monday, August 5th. They set a buy rating and a $274.60 price objective on the stock. China Renaissance Securities upgraded shares of NetEase from a hold rating to a buy rating in a research note on Thursday, May 16th. Goldman Sachs Group lowered shares of NetEase from a buy rating to a neutral rating in a research note on Sunday, August 11th. Finally, Zacks Investment Research upgraded shares of NetEase from a hold rating to a buy rating and set a $238.00 price objective on the stock in a research note on Thursday, August 8th. One research analyst has rated the stock with a sell rating, two have given a hold rating and eleven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average target price of $277.34.
Shares of NetEase stock opened at $254.72 on Monday. The firm has a market cap of $34.00 billion, a PE ratio of 37.08, a price-to-earnings-growth ratio of 0.77 and a beta of 0.87. The firm’s 50-day simple moving average is $246.54 and its 200-day simple moving average is $251.31. NetEase has a 1 year low of $184.60 and a 1 year high of $289.68.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Friday, August 23rd will be paid a dividend of $1.04 per share. This is a positive change from NetEase’s previous quarterly dividend of $0.69. The ex-dividend date of this dividend is Thursday, August 22nd. This represents a $4.16 annualized dividend and a yield of 1.63%. NetEase’s dividend payout ratio is 40.03%.
A number of hedge funds and other institutional investors have recently bought and sold shares of NTES. Dimensional Fund Advisors LP grew its position in NetEase by 2.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 446,824 shares of the technology company’s stock worth $105,251,000 after purchasing an additional 12,241 shares during the last quarter. Principal Financial Group Inc. bought a new position in NetEase in the 4th quarter worth about $1,611,000. USS Investment Management Ltd grew its position in NetEase by 35.2% in the 1st quarter. USS Investment Management Ltd now owns 192,000 shares of the technology company’s stock worth $46,350,000 after purchasing an additional 50,000 shares during the last quarter. Virtu Financial LLC bought a new position in NetEase in the 1st quarter worth about $251,000. Finally, Ridgewood Investments LLC grew its position in NetEase by 62.8% in the 1st quarter. Ridgewood Investments LLC now owns 2,238 shares of the technology company’s stock worth $540,000 after purchasing an additional 863 shares during the last quarter. Hedge funds and other institutional investors own 46.49% of the company’s stock.
NetEase, Inc operates an interactive online community in the People's Republic of China. The company operates in four segments: Online Games Services, E-Commerce, Advertising Services, and Innovative Businesses and Other Services. It offers various games in a range of genres through mobile devices and PCs, including role-playing games, MMORPGs, battle arena games, simulation games, collectible card games, first-person shooter games, sandbox games, and other types of games to the Chinese market.
See Also: Economic Reports
Receive News & Ratings for NetEase Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NetEase and related companies with MarketBeat.com's FREE daily email newsletter.