Shares of NetEase, Inc. (NASDAQ:NTES - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the seven research firms that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year target price among analysts that have covered the stock in the last year is $114.57.
NTES has been the subject of a number of recent research reports. Barclays upped their target price on NetEase from $82.00 to $104.00 and gave the stock an "equal weight" rating in a report on Monday, February 24th. Benchmark upped their target price on NetEase from $105.00 to $115.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Citigroup upped their target price on NetEase from $108.00 to $115.00 and gave the stock a "buy" rating in a report on Friday, November 15th. Morgan Stanley upped their target price on NetEase from $108.00 to $117.00 and gave the stock an "overweight" rating in a report on Wednesday, February 12th. Finally, StockNews.com lowered NetEase from a "strong-buy" rating to a "buy" rating in a research report on Friday, December 6th.
View Our Latest Stock Report on NTES
Several institutional investors and hedge funds have recently made changes to their positions in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of NetEase by 13,747.9% during the 3rd 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 purchasing an additional 6,213,248 shares in the last quarter. Capital World Investors boosted its position in shares of NetEase by 40.6% during the 4th quarter. Capital World Investors now owns 3,725,046 shares of the technology company's stock valued at $332,311,000 after purchasing an additional 1,074,818 shares in the last quarter. Greenwoods Asset Management Hong Kong Ltd. boosted its position in shares of NetEase by 10.8% during the 4th quarter. Greenwoods Asset Management Hong Kong Ltd. now owns 3,632,870 shares of the technology company's stock valued at $324,088,000 after purchasing an additional 354,273 shares in the last quarter. Lazard Asset Management LLC boosted its position in shares of NetEase by 2.0% during the 4th quarter. Lazard Asset Management LLC now owns 3,599,794 shares of the technology company's stock valued at $321,137,000 after purchasing an additional 69,789 shares in the last quarter. Finally, Dodge & Cox boosted its position in shares of NetEase by 0.6% during the 4th quarter. Dodge & Cox now owns 2,649,876 shares of the technology company's stock valued at $236,395,000 after purchasing an additional 15,900 shares in the last quarter. Institutional investors own 11.07% of the company's stock.
NetEase stock opened at $99.72 on Monday. NetEase has a 52 week low of $75.85 and a 52 week high of $113.50. The stock has a market capitalization of $64.04 billion, a P/E ratio of 15.65, a price-to-earnings-growth ratio of 3.37 and a beta of 0.58. The stock has a fifty day moving average of $98.52 and a 200-day moving average of $90.16.
NetEase (NASDAQ:NTES - Get Free Report) last issued its earnings results on Thursday, February 20th. The technology company reported $1.87 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.73 by $0.14. NetEase had a return on equity of 22.12% and a net margin of 28.17%. The business had revenue of $3.66 billion during the quarter, compared to analysts' expectations of $27.16 billion. On average, research analysts forecast that NetEase will post 6.91 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be given a $0.435 dividend. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $1.74 dividend on an annualized basis and a dividend yield of 1.74%. NetEase's dividend payout ratio (DPR) is presently 76.45%.
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.
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