NetEase, Inc. (NASDAQ:NTES) Receives Average Recommendation of “Moderate Buy” from Brokerages

NetEase, Inc. (NASDAQ:NTES) has received a consensus rating of “Moderate Buy” from the seven analysts that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $107.29.

A number of equities research analysts recently issued reports on the company. Citigroup increased their price objective on NetEase from $108.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Barclays lowered their price target on NetEase from $104.00 to $82.00 and set an “equal weight” rating on the stock in a research report on Monday, August 26th. Bank of America lowered their price target on NetEase from $142.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday, August 23rd. Benchmark lowered 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. Finally, Jefferies Financial Group lowered their price target on NetEase from $126.00 to $103.00 and set a “buy” rating on the stock in a research report on Thursday, August 22nd.

NetEase Stock Performance

Shares of NTES stock opened at $86.56 on Friday. NetEase has a 52-week low of $75.85 and a 52-week high of $115.00. The company has a market capitalization of $55.59 billion, a PE ratio of 14.62, a price-to-earnings-growth ratio of 3.16 and a beta of 0.57. The business’s fifty day moving average is $85.30 and its 200 day moving average is $88.33.

NetEase Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be paid a dividend of $0.435 per share. The ex-dividend date is Friday, November 29th. This represents a $1.74 dividend on an annualized basis and a dividend yield of 2.01%. NetEase’s dividend payout ratio (DPR) is currently 29.22%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of NTES. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of NetEase by 13,747.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,258,442 shares of the technology company’s stock valued at $585,227,000 after buying an additional 6,213,248 shares during the last quarter. Hhlr Advisors LTD. grew its stake in shares of NetEase by 86.8% in the third quarter. Hhlr Advisors LTD. now owns 2,588,943 shares of the technology company’s stock worth $242,092,000 after purchasing an additional 1,203,129 shares during the last quarter. Price T Rowe Associates Inc. MD bought a new stake in shares of NetEase in the first quarter worth about $103,658,000. Lazard Asset Management LLC grew its stake in shares of NetEase by 804.5% in the first quarter. Lazard Asset Management LLC now owns 792,357 shares of the technology company’s stock worth $81,983,000 after purchasing an additional 704,753 shares during the last quarter. Finally, Point72 Hong Kong Ltd grew its stake in shares of NetEase by 109.0% in the second quarter. Point72 Hong Kong Ltd now owns 1,213,323 shares of the technology company’s stock worth $115,969,000 after purchasing an additional 632,896 shares during the last quarter. 11.07% of the stock is owned by institutional investors.

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.