Traders purchased shares of NetEase, Inc. (NASDAQ:NTES) on weakness during trading hours on Monday. $110.32 million flowed into the stock on the tick-up and $68.80 million flowed out of the stock on the tick-down, for a money net flow of $41.52 million into the stock. Of all stocks tracked, NetEase had the 10th highest net in-flow for the day. NetEase traded down ($1.23) for the day and closed at $271.81
Several research analysts recently commented on NTES shares. BidaskClub cut NetEase from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 16th. Deutsche Bank AG reiterated a “buy” rating and issued a $343.00 price target (up previously from $300.00) on shares of NetEase in a research note on Tuesday, July 25th. Jefferies Group LLC reiterated a “buy” rating and issued a $330.00 price target on shares of NetEase in a research note on Monday, May 22nd. Vetr upgraded NetEase from a “buy” rating to a “strong-buy” rating and set a $362.33 price target on the stock in a research note on Tuesday, May 30th. Finally, Standpoint Research cut NetEase from a “buy” rating to a “reduce” rating and boosted their price target for the stock from $345.00 to $360.00 in a research note on Wednesday, June 7th. Four investment analysts have rated the stock with a sell rating, five have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. NetEase has a consensus rating of “Hold” and a consensus price target of $306.40.
The stock’s 50 day moving average is $286.74 and its 200 day moving average is $289.24. The stock has a market cap of $35.76 billion, a PE ratio of 17.99 and a beta of 0.96.
The company also recently announced a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Friday, August 25th were given a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend was Wednesday, August 23rd. NetEase’s dividend payout ratio (DPR) is presently 25.07%.
Hedge funds have recently added to or reduced their stakes in the stock. Assetmark Inc. grew its position in NetEase by 51.0% during the first quarter. Assetmark Inc. now owns 367 shares of the technology company’s stock worth $104,000 after buying an additional 124 shares in the last quarter. IFP Advisors Inc grew its position in NetEase by 21.4% during the second quarter. IFP Advisors Inc now owns 391 shares of the technology company’s stock worth $118,000 after buying an additional 69 shares in the last quarter. PNC Financial Services Group Inc. grew its position in NetEase by 22.4% during the second quarter. PNC Financial Services Group Inc. now owns 536 shares of the technology company’s stock worth $161,000 after buying an additional 98 shares in the last quarter. Mariner Wealth Advisors LLC acquired a new stake in NetEase during the second quarter worth about $203,000. Finally, Huntington National Bank grew its position in NetEase by 84.7% during the second quarter. Huntington National Bank now owns 700 shares of the technology company’s stock worth $210,000 after buying an additional 321 shares in the last quarter. 50.38% of the stock is currently owned by institutional investors and hedge funds.
NetEase Company Profile
NetEase, Inc (NetEase) is a technology company. The Company operates an interactive online community in China and is a provider of Chinese language content and services through its online games, Internet media, e-mail, e-commerce and other businesses. The Company operates through three segments: Online Game Services; Advertising Services, and E-mail, E-commerce and Others.
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