NetEase (NASDAQ:NTES) Shares Gap Up – Should You Buy?

NetEase, Inc. (NASDAQ:NTES) gapped up prior to trading on Monday . The stock had previously closed at $138.05, but opened at $142.65. NetEase shares last traded at $145.0420, with a volume of 145,931 shares trading hands.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Citigroup restated a “buy” rating on shares of NetEase in a research report on Friday, November 21st. Weiss Ratings reissued a “hold (c)” rating on shares of NetEase in a research note on Wednesday, November 19th. Arete upgraded NetEase from a “sell” rating to a “buy” rating and set a $150.00 price target for the company in a research report on Wednesday, September 3rd. The Goldman Sachs Group set a $161.00 price target on NetEase and gave the company a “buy” rating in a report on Monday, September 15th. Finally, Sanford C. Bernstein set a $155.00 price objective on NetEase in a research note on Friday, November 21st. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, NetEase has a consensus rating of “Moderate Buy” and an average price target of $152.10.

NetEase Stock Performance

The company has a market capitalization of $92.40 billion, a price-to-earnings ratio of 19.75, a P/E/G ratio of 1.91 and a beta of 0.65. The firm has a 50-day simple moving average of $144.75 and a two-hundred day simple moving average of $136.95.

NetEase Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 19th. Shareholders of record on Friday, December 5th will be given a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Friday, December 5th. NetEase’s dividend payout ratio (DPR) is currently 28.99%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. NewSquare Capital LLC boosted its holdings in NetEase by 137.2% in the 2nd quarter. NewSquare Capital LLC now owns 185 shares of the technology company’s stock worth $25,000 after buying an additional 107 shares during the period. Kayne Anderson Rudnick Investment Management LLC purchased a new position in shares of NetEase in the first quarter valued at $26,000. Private Trust Co. NA raised its stake in shares of NetEase by 266.0% during the 2nd quarter. Private Trust Co. NA now owns 194 shares of the technology company’s stock valued at $26,000 after purchasing an additional 141 shares during the period. USA Financial Formulas bought a new stake in shares of NetEase during the 2nd quarter valued at $30,000. Finally, Reyes Financial Architecture Inc. lifted its holdings in NetEase by 1,189.5% during the 2nd quarter. Reyes Financial Architecture Inc. now owns 245 shares of the technology company’s stock worth $33,000 after purchasing an additional 226 shares in the last quarter. Hedge funds and other institutional investors own 11.07% of the company’s stock.

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.