Analysts Set NetEase, Inc. (NASDAQ:NTES) Target Price at $112.67

NetEase, Inc. (NASDAQ:NTES) has been assigned a consensus recommendation of “Moderate Buy” from the six research firms that are currently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $112.67.

Several brokerages have weighed in on NTES. StockNews.com downgraded NetEase from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 20th. Jefferies Financial Group cut their price objective on shares of NetEase from $126.00 to $103.00 and set a “buy” rating on the stock in a research note on Thursday, August 22nd. Bank of America decreased their target price on shares of NetEase from $142.00 to $120.00 and set a “buy” rating for the company in a research report on Friday, August 23rd. Finally, Barclays dropped their price target on shares of NetEase from $104.00 to $82.00 and set an “equal weight” rating on the stock in a research report on Monday, August 26th.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Sequoia Financial Advisors LLC lifted its holdings in NetEase by 4.3% in the second quarter. Sequoia Financial Advisors LLC now owns 2,575 shares of the technology company’s stock valued at $246,000 after buying an additional 107 shares during the period. Guinness Atkinson Asset Management Inc boosted its position in shares of NetEase by 0.7% during the second quarter. Guinness Atkinson Asset Management Inc now owns 15,422 shares of the technology company’s stock worth $1,474,000 after purchasing an additional 110 shares in the last quarter. SYSTM Wealth Solutions LLC increased its position in shares of NetEase by 55.5% in the 2nd quarter. SYSTM Wealth Solutions LLC now owns 328 shares of the technology company’s stock valued at $31,000 after buying an additional 117 shares in the last quarter. Fifth Third Bancorp increased its holdings in shares of NetEase by 1.9% in the second quarter. Fifth Third Bancorp now owns 7,658 shares of the technology company’s stock worth $732,000 after acquiring an additional 146 shares in the last quarter. Finally, Financial Advocates Investment Management boosted its holdings in shares of NetEase by 5.4% in the third quarter. Financial Advocates Investment Management now owns 4,647 shares of the technology company’s stock valued at $435,000 after buying an additional 237 shares during the period. Institutional investors own 11.07% of the company’s stock.

NetEase Trading Down 0.1 %

Shares of NTES stock opened at $79.04 on Tuesday. The firm has a fifty day simple moving average of $83.72 and a 200-day simple moving average of $89.86. The company has a market capitalization of $50.76 billion, a PE ratio of 12.89, a price-to-earnings-growth ratio of 1.75 and a beta of 0.57. NetEase has a twelve month low of $75.85 and a twelve month high of $118.89.

NetEase (NASDAQ:NTES) last posted its quarterly earnings data on Thursday, August 22nd. The technology company reported $12.05 EPS for the quarter, beating analysts’ consensus estimates of $1.62 by $10.43. The firm had revenue of $25.49 billion for the quarter, compared to the consensus estimate of $26.01 billion. NetEase had a net margin of 26.98% and a return on equity of 22.30%. The firm’s revenue was up 6.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.75 EPS. Equities research analysts predict that NetEase will post 6.02 EPS for the current year.

NetEase Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Friday, September 6th were issued a dividend of $0.435 per share. This represents a $1.74 annualized dividend and a dividend yield of 2.20%. The ex-dividend date of this dividend was Friday, September 6th. NetEase’s payout ratio is presently 28.22%.

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.