NetEase, Inc. (NASDAQ:NTES) Receives $108.43 Average PT from Analysts

NetEase, Inc. (NASDAQ:NTES) has received a consensus rating of “Moderate Buy” from the seven analysts that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $108.43.

Several brokerages have issued reports on NTES. Benchmark dropped their target price on NetEase from $120.00 to $105.00 and set a “buy” rating for the company in a report on Friday, November 15th. Citigroup raised their price target on NetEase from $108.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Morgan Stanley raised shares of NetEase from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $90.00 to $108.00 in a research note on Wednesday, January 8th. Finally, StockNews.com downgraded NetEase from a “strong-buy” rating to a “buy” rating in a report on Friday, December 6th.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. SYSTM Wealth Solutions LLC raised its stake 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 acquiring an additional 117 shares during the period. Ariadne Wealth Management LP acquired a new position in NetEase during the 2nd quarter worth $35,000. Highline Wealth Partners LLC bought a new stake in NetEase in the third quarter valued at about $45,000. RPg Family Wealth Advisory LLC bought a new stake in shares of NetEase in the 3rd quarter valued at approximately $70,000. Finally, Allspring Global Investments Holdings LLC bought a new position in shares of NetEase in the 3rd quarter worth about $76,000. 11.07% of the stock is currently owned by hedge funds and other institutional investors.

NetEase Stock Up 1.9 %

NTES opened at $96.03 on Friday. The company has a market cap of $61.67 billion, a PE ratio of 16.22, a price-to-earnings-growth ratio of 3.53 and a beta of 0.57. The company has a 50-day moving average price of $89.12 and a 200 day moving average price of $87.72. NetEase has a twelve month low of $75.85 and a twelve month high of $114.50.

NetEase Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were paid a dividend of $0.435 per share. This represents a $1.74 annualized dividend and a dividend yield of 1.81%. The ex-dividend date was Friday, November 29th. NetEase’s payout ratio is 29.22%.

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.