NetEase (NASDAQ:NTES) Stock Rating Lowered by StockNews.com

StockNews.com cut shares of NetEase (NASDAQ:NTES) from a strong-buy rating to a buy rating in a research note issued to investors on Friday morning.

Several other equities analysts have also recently issued reports on NTES. Benchmark dropped their price target on NetEase from $120.00 to $105.00 and set a “buy” rating on the stock in a research report on Friday, November 15th. Bank of America dropped their target price on NetEase from $142.00 to $120.00 and set a “buy” rating on the stock in a report on Friday, August 23rd. Citigroup increased their price target on NetEase from $108.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Barclays dropped their price objective on shares of NetEase from $104.00 to $82.00 and set an “equal weight” rating on the stock in a research note on Monday, August 26th. Finally, Jefferies Financial Group reduced 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. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $107.29.

NetEase Stock Performance

Shares of NetEase stock opened at $91.29 on Friday. The company has a market capitalization of $58.62 billion, a P/E ratio of 15.42, a PEG ratio of 3.36 and a beta of 0.57. NetEase has a 1 year low of $75.85 and a 1 year high of $114.50. The company’s fifty day moving average is $85.89 and its two-hundred day moving average is $87.90.

NetEase Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be paid a $0.435 dividend. This represents a $1.74 annualized dividend and a dividend yield of 1.91%. The ex-dividend date of this dividend is Friday, November 29th. NetEase’s dividend payout ratio (DPR) is 29.22%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Mather Group LLC. boosted its stake in shares of NetEase by 1,415.0% during the 2nd quarter. Mather Group LLC. now owns 303 shares of the technology company’s stock worth $31,000 after acquiring an additional 283 shares in the last quarter. SYSTM Wealth Solutions LLC boosted its position in NetEase by 55.5% during the second quarter. SYSTM Wealth Solutions LLC now owns 328 shares of the technology company’s stock worth $31,000 after purchasing an additional 117 shares in the last quarter. Ariadne Wealth Management LP acquired a new stake in NetEase in the second quarter valued at $35,000. Highline Wealth Partners LLC purchased a new position in shares of NetEase in the third quarter valued at $45,000. Finally, RPg Family Wealth Advisory LLC acquired a new position in shares of NetEase during the 3rd quarter worth $70,000. 11.07% of the stock is currently owned by institutional investors and hedge funds.

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.