NetEase, Inc. (NASDAQ:NTES) Short Interest Update

NetEase, Inc. (NASDAQ:NTES) was the recipient of a large growth in short interest in the month of August. As of August 31st, there was short interest totalling 7,520,000 shares, a growth of 29.2% from the August 15th total of 5,820,000 shares. Based on an average daily volume of 3,410,000 shares, the short-interest ratio is currently 2.2 days. Approximately 1.2% of the company’s shares are short sold.

A number of research firms recently commented on NTES. Citigroup decreased their price objective on shares of NetEase from $148.00 to $132.00 and set a “buy” rating for the company in a research note on Wednesday, July 28th. HSBC decreased their price objective on shares of NetEase from $137.00 to $125.00 and set a “buy” rating for the company in a research note on Wednesday, September 1st. Finally, Zacks Investment Research lowered shares of NetEase from a “hold” rating to a “sell” rating in a research note on Friday, September 3rd. One analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, NetEase currently has an average rating of “Buy” and an average target price of $129.63.

Shares of NASDAQ:NTES opened at $79.95 on Wednesday. The firm has a fifty day moving average of $93.58 and a two-hundred day moving average of $103.80. The firm has a market capitalization of $53.56 billion, a P/E ratio of 29.94, a price-to-earnings-growth ratio of 1.26 and a beta of 0.41. NetEase has a 12-month low of $77.97 and a 12-month high of $134.33.

NetEase (NASDAQ:NTES) last released its quarterly earnings results on Monday, August 30th. The technology company reported $6.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $5.46. The business had revenue of $20.52 billion for the quarter, compared to the consensus estimate of $20.66 billion. NetEase had a net margin of 15.03% and a return on equity of 13.91%. NetEase’s revenue for the quarter was up 12.9% on a year-over-year basis. During the same quarter last year, the firm earned $34.58 EPS. Sell-side analysts expect that NetEase will post 3.39 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 30th. Stockholders of record on Tuesday, September 14th will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Monday, September 13th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.20%. This is an increase from NetEase’s previous quarterly dividend of $0.06. NetEase’s dividend payout ratio (DPR) is currently 34.42%.

Institutional investors have recently added to or reduced their stakes in the company. Guinness Atkinson Asset Management Inc raised its holdings in NetEase by 0.3% in the 2nd quarter. Guinness Atkinson Asset Management Inc now owns 30,891 shares of the technology company’s stock worth $3,561,000 after acquiring an additional 102 shares during the period. Distillate Capital Partners LLC raised its holdings in NetEase by 6.0% in the 2nd quarter. Distillate Capital Partners LLC now owns 2,065 shares of the technology company’s stock worth $238,000 after acquiring an additional 116 shares during the period. Vident Investment Advisory LLC raised its holdings in NetEase by 6.0% in the 2nd quarter. Vident Investment Advisory LLC now owns 2,065 shares of the technology company’s stock worth $238,000 after acquiring an additional 116 shares during the period. US Bancorp DE raised its holdings in NetEase by 0.7% in the 2nd quarter. US Bancorp DE now owns 18,082 shares of the technology company’s stock worth $2,084,000 after acquiring an additional 132 shares during the period. Finally, United Capital Financial Advisers LLC raised its holdings in NetEase by 7.1% in the 2nd quarter. United Capital Financial Advisers LLC now owns 2,161 shares of the technology company’s stock worth $249,000 after acquiring an additional 143 shares during the period. Institutional investors and hedge funds own 33.20% of the company’s stock.

NetEase Company Profile

NetEase, Inc is an internet technology company, which premium online services centered around content, community, communication and commerce. It develops and operates some of the most popular PC-client and mobile games in China. The firm also operates some of the most popular international online games in China by partnering with Blizzard Entertainment, Mojang AB (a Microsoft subsidiary) and other global game developers.

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