NetEase (NASDAQ:NTES) Shares Gap Down to $104.73

NetEase, Inc. (NASDAQ:NTES - Get Free Report)'s share price gapped down prior to trading on Tuesday . The stock had previously closed at $104.73, but opened at $101.72. NetEase shares last traded at $99.55, with a volume of 285,276 shares trading hands.

Analyst Ratings Changes

Several equities research analysts have commented on the company. StockNews.com lowered NetEase from a "strong-buy" rating to a "buy" rating in a research note on Thursday, May 16th. Morgan Stanley dropped their price target on NetEase from $135.00 to $120.00 and set an "overweight" rating for the company in a research report on Friday, April 12th. Finally, HSBC decreased their price objective on NetEase from $130.00 to $126.00 and set a "buy" rating on the stock in a report on Wednesday, April 24th. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $126.00.

NetEase Trading Down 5.6 %

The firm has a fifty day moving average price of $99.48 and a 200 day moving average price of $102.22. The firm has a market cap of $63.76 billion, a PE ratio of 15.62, a price-to-earnings-growth ratio of 0.95 and a beta of 0.58.

NetEase (NASDAQ:NTES - Get Free Report) last issued its earnings results on Thursday, February 29th. The technology company reported $1.42 EPS for the quarter, missing analysts' consensus estimates of $1.62 by ($0.20). NetEase had a return on equity of 24.36% and a net margin of 28.39%. The firm had revenue of $3.82 billion for the quarter, compared to analysts' expectations of $3.96 billion. As a group, equities analysts predict that NetEase, Inc. will post 7.07 earnings per share for the current year.

NetEase Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were issued a $1.08 dividend. The ex-dividend date was Wednesday, March 13th. This is a boost from NetEase's previous quarterly dividend of $0.50. This represents a $4.32 dividend on an annualized basis and a yield of 4.37%. NetEase's dividend payout ratio is currently 68.09%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in NTES. Private Trust Co. NA lifted its stake in shares of NetEase by 418.9% in the 4th quarter. Private Trust Co. NA now owns 275 shares of the technology company's stock valued at $26,000 after purchasing an additional 222 shares during the last quarter. Chilton Capital Management LLC purchased a new stake in shares of NetEase in the 4th quarter valued at approximately $37,000. USA Financial Formulas lifted its holdings in shares of NetEase by 1,153.1% in the 4th quarter. USA Financial Formulas now owns 401 shares of the technology company's stock worth $37,000 after acquiring an additional 369 shares during the last quarter. UMB Bank n.a. acquired a new stake in NetEase in the 1st quarter valued at approximately $50,000. Finally, ORG Partners LLC acquired a new position in NetEase during the first quarter worth $50,000. 11.07% of the stock is currently owned by hedge funds and other institutional investors.

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.