NetEase, Inc. (NASDAQ:NTES) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of NetEase, Inc. (NASDAQ:NTES) have earned a consensus recommendation of “Moderate Buy” from the seven ratings firms that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $123.00.

Several analysts have recently weighed in on NTES shares. HSBC reduced their price objective on shares of NetEase from $130.00 to $126.00 and set a “buy” rating for the company in a research report on Wednesday, April 24th. Morgan Stanley restated an “equal weight” rating and issued a $100.00 price objective on shares of NetEase in a research note on Thursday. Barclays assumed coverage on NetEase in a report on Thursday, June 13th. They set an “equal weight” rating and a $104.00 price objective on the stock. Benchmark boosted their target price on NetEase from $144.00 to $145.00 and gave the company a “buy” rating in a report on Friday, May 24th. Finally, StockNews.com downgraded NetEase from a “strong-buy” rating to a “buy” rating in a research note on Thursday.

Institutional Investors Weigh In On NetEase

Several large investors have recently modified their holdings of the stock. Financial Counselors Inc. increased its stake in NetEase by 4.1% in the 4th quarter. Financial Counselors Inc. now owns 3,195 shares of the technology company’s stock valued at $298,000 after buying an additional 125 shares during the period. Mendota Financial Group LLC increased its stake in shares of NetEase by 9.2% during the first quarter. Mendota Financial Group LLC now owns 1,508 shares of the technology company’s stock worth $156,000 after acquiring an additional 127 shares during the period. Lindbrook Capital LLC raised its holdings in NetEase by 14.0% during the fourth quarter. Lindbrook Capital LLC now owns 1,043 shares of the technology company’s stock worth $97,000 after purchasing an additional 128 shares in the last quarter. Sequoia Financial Advisors LLC lifted its position in NetEase by 5.8% in the fourth quarter. Sequoia Financial Advisors LLC now owns 2,588 shares of the technology company’s stock valued at $241,000 after purchasing an additional 143 shares during the period. Finally, Raymond James Financial Services Advisors Inc. boosted its holdings in NetEase by 8.7% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 2,348 shares of the technology company’s stock valued at $219,000 after purchasing an additional 188 shares in the last quarter. Hedge funds and other institutional investors own 11.07% of the company’s stock.

NetEase Price Performance

Shares of NASDAQ NTES opened at $95.58 on Wednesday. The business has a 50-day moving average of $94.92 and a two-hundred day moving average of $98.34. The company has a market capitalization of $61.38 billion, a price-to-earnings ratio of 14.82, a price-to-earnings-growth ratio of 1.86 and a beta of 0.52. NetEase has a 1 year low of $81.30 and a 1 year high of $118.89.

NetEase (NASDAQ:NTES) last posted its earnings results on Thursday, May 23rd. The technology company reported $1.63 earnings per share for the quarter, missing the consensus estimate of $1.68 by ($0.05). The business had revenue of $3.72 billion for the quarter, compared to analysts’ expectations of $3.61 billion. NetEase had a return on equity of 24.19% and a net margin of 28.75%. As a group, equities research analysts expect that NetEase will post 6.68 earnings per share for the current year.

NetEase Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 21st. Investors of record on Thursday, June 6th were given a $0.495 dividend. This represents a $1.98 annualized dividend and a yield of 2.07%. The ex-dividend date was Thursday, June 6th. NetEase’s dividend payout ratio (DPR) is presently 30.54%.

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.