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

NetEase, Inc. (NASDAQ:NTES) has been given a consensus recommendation of “Moderate Buy” by the eight ratings firms that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $119.38.

Several brokerages recently weighed in on NTES. Wall Street Zen raised shares of NetEase from a “buy” rating to a “strong-buy” rating in a research report on Thursday, May 22nd. Barclays raised their target price on NetEase from $104.00 to $118.00 and gave the company an “equal weight” rating in a report on Friday, May 16th. Deutsche Bank Aktiengesellschaft initiated coverage on NetEase in a report on Monday, May 12th. They set a “buy” rating and a $130.00 price target for the company. JPMorgan Chase & Co. raised their price objective on NetEase from $120.00 to $135.00 and gave the company an “overweight” rating in a research note on Monday, May 19th. Finally, Benchmark lifted their price objective on shares of NetEase from $105.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, February 21st.

NetEase Trading Down 1.1%

NetEase stock opened at $129.61 on Wednesday. The firm has a market capitalization of $82.12 billion, a price-to-earnings ratio of 18.65, a price-to-earnings-growth ratio of 4.57 and a beta of 0.67. The firm’s fifty day moving average price is $113.83 and its two-hundred day moving average price is $103.70. NetEase has a 1-year low of $75.85 and a 1-year high of $133.80.

NetEase Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were given a dividend of $0.675 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a $2.70 annualized dividend and a yield of 2.08%. NetEase’s payout ratio is currently 38.71%.

Institutional Investors Weigh In On NetEase

Several large investors have recently modified their holdings of NTES. Kayne Anderson Rudnick Investment Management LLC purchased a new stake in NetEase in the first quarter worth $26,000. Mather Group LLC. grew its stake in shares of NetEase by 1,415.0% during the 1st quarter. Mather Group LLC. now owns 303 shares of the technology company’s stock worth $31,000 after acquiring an additional 283 shares during the period. Farther Finance Advisors LLC increased its holdings in NetEase by 81.7% in the 4th quarter. Farther Finance Advisors LLC now owns 338 shares of the technology company’s stock worth $30,000 after acquiring an additional 152 shares during the last quarter. Strs Ohio purchased a new stake in NetEase in the 1st quarter worth about $63,000. Finally, TD Private Client Wealth LLC bought a new stake in NetEase in the 1st quarter valued at about $65,000. Hedge funds and other institutional investors own 11.07% of the company’s stock.

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.