NetEase, Inc. (NASDAQ:NTES) Receives $123.00 Average Target Price from Analysts

NetEase, Inc. (NASDAQ:NTES) has been given a consensus rating of “Moderate Buy” by the seven brokerages that are currently covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $123.00.

Several equities research analysts recently issued reports on NTES shares. StockNews.com lowered shares of NetEase from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 27th. Benchmark upped their price target on NetEase from $144.00 to $145.00 and gave the stock a “buy” rating in a research note on Friday, May 24th. HSBC lowered their price objective on NetEase from $130.00 to $126.00 and set a “buy” rating on the stock in a report on Wednesday, April 24th. Barclays started coverage on NetEase in a report on Thursday, June 13th. They issued an “equal weight” rating and a $104.00 target price for the company. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $100.00 price target on shares of NetEase in a report on Thursday, June 27th.

Institutional Investors Weigh In On NetEase

Hedge funds and other institutional investors have recently modified their holdings of the stock. Private Trust Co. NA boosted its holdings in NetEase by 418.9% in the 4th quarter. Private Trust Co. NA now owns 275 shares of the technology company’s stock valued at $26,000 after purchasing an additional 222 shares during the period. Chilton Capital Management LLC acquired a new stake in NetEase during the fourth quarter worth about $37,000. USA Financial Formulas grew its position in NetEase by 1,153.1% during the fourth quarter. USA Financial Formulas now owns 401 shares of the technology company’s stock worth $37,000 after buying an additional 369 shares in the last quarter. UMB Bank n.a. bought a new position in NetEase during the first quarter valued at about $50,000. Finally, ORG Partners LLC acquired a new position in NetEase in the 1st quarter valued at approximately $50,000. Institutional investors and hedge funds own 11.07% of the company’s stock.

NetEase Price Performance

NASDAQ:NTES opened at $93.96 on Wednesday. The stock has a market cap of $60.34 billion, a PE ratio of 14.57, a price-to-earnings-growth ratio of 1.91 and a beta of 0.53. NetEase has a fifty-two week low of $81.30 and a fifty-two week high of $118.89. The stock’s 50-day moving average is $94.95 and its two-hundred day moving average is $98.29.

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

NetEase Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 21st. Stockholders of record on Thursday, June 6th were issued a dividend of $0.495 per share. The ex-dividend date was Thursday, June 6th. This represents a $1.98 dividend on an annualized basis and a dividend yield of 2.11%. NetEase’s dividend payout ratio (DPR) is presently 30.54%.

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.