NetEase, Inc. (NASDAQ:NTES) Receives $126.00 Consensus PT from Brokerages

Shares of NetEase, Inc. (NASDAQ:NTES) have earned an average rating of “Buy” from the six analysts that are covering the stock, MarketBeat.com reports. Six investment analysts have rated the stock with a buy rating. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $126.00.

NTES has been the subject of a number of research reports. Morgan Stanley reduced their target price on shares of NetEase from $135.00 to $120.00 and set an “overweight” rating for the company in a report on Friday. StockNews.com upgraded shares of NetEase from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, March 26th.

Hedge Funds Weigh In On NetEase

Large investors have recently bought and sold shares of the stock. Morgan Stanley increased its stake in NetEase by 3.1% during the 4th quarter. Morgan Stanley now owns 3,333,468 shares of the technology company’s stock worth $242,110,000 after buying an additional 98,751 shares during the period. Wellington Management Group LLP increased its position in shares of NetEase by 226.4% in the 4th quarter. Wellington Management Group LLP now owns 1,896,495 shares of the technology company’s stock worth $176,677,000 after purchasing an additional 1,315,410 shares during the last quarter. Tairen Capital Ltd bought a new stake in shares of NetEase in the 4th quarter worth about $164,307,000. FIL Ltd increased its position in shares of NetEase by 73.2% in the 4th quarter. FIL Ltd now owns 1,572,418 shares of the technology company’s stock worth $146,486,000 after purchasing an additional 664,577 shares during the last quarter. Finally, Nuveen Asset Management LLC grew its position in shares of NetEase by 98.9% during the 2nd quarter. Nuveen Asset Management LLC now owns 1,484,772 shares of the technology company’s stock valued at $143,563,000 after buying an additional 738,249 shares during the last quarter. Hedge funds and other institutional investors own 11.07% of the company’s stock.

NetEase Stock Performance

NetEase stock opened at $92.15 on Friday. NetEase has a fifty-two week low of $80.79 and a fifty-two week high of $118.89. The firm has a 50 day moving average price of $104.89 and a 200 day moving average price of $103.51. The company has a market capitalization of $59.41 billion, a PE ratio of 14.56, a price-to-earnings-growth ratio of 0.80 and a beta of 0.58.

NetEase (NASDAQ:NTES) last issued its earnings results on Thursday, February 29th. The technology company reported $1.42 EPS for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.20). NetEase had a return on equity of 24.36% and a net margin of 28.39%. The firm had revenue of $3.82 billion for the quarter, compared to analyst estimates of $3.96 billion. As a group, equities research analysts forecast that NetEase will post 7.04 earnings per share for the current year.

NetEase Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were paid a dividend of $1.08 per share. The ex-dividend date was Wednesday, March 13th. This represents a $4.32 dividend on an annualized basis and a yield of 4.69%. This is an increase from NetEase’s previous quarterly dividend of $0.50. NetEase’s dividend payout ratio (DPR) is currently 67.93%.

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.