NetEase, Inc. (NASDAQ:NTES) Receives Average Recommendation of "Moderate Buy" from Analysts

Shares of NetEase, Inc. (NASDAQ:NTES - Get Free Report) have earned an average recommendation of "Moderate Buy" from the eight analysts that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $119.38.

Several equities research analysts have recently weighed in on NTES shares. Deutsche Bank Aktiengesellschaft began coverage on NetEase in a research report on Monday, May 12th. They issued a "buy" rating and a $130.00 price objective for the company. Morgan Stanley raised their target price on NetEase from $108.00 to $117.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 12th. Wall Street Zen raised NetEase from a "buy" rating to a "strong-buy" rating in a research report on Thursday. Benchmark raised their target price on NetEase from $105.00 to $115.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Finally, Barclays raised their target price on NetEase from $104.00 to $118.00 and gave the stock an "equal weight" rating in a research report on Friday, May 16th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Kayne Anderson Rudnick Investment Management LLC bought a new position in shares of NetEase during the first quarter valued at $26,000. Mather Group LLC. lifted its holdings in shares of NetEase by 1,415.0% during the first quarter. Mather Group LLC. now owns 303 shares of the technology company's stock valued at $31,000 after acquiring an additional 283 shares during the period. Farther Finance Advisors LLC lifted its holdings in shares of NetEase by 81.7% during the fourth quarter. Farther Finance Advisors LLC now owns 338 shares of the technology company's stock valued at $30,000 after acquiring an additional 152 shares during the period. Brooklyn Investment Group bought a new position in shares of NetEase during the fourth quarter valued at $34,000. Finally, UMB Bank n.a. lifted its holdings in shares of NetEase by 33.3% during the fourth quarter. UMB Bank n.a. now owns 444 shares of the technology company's stock valued at $40,000 after acquiring an additional 111 shares during the period. 11.07% of the stock is owned by institutional investors.

NetEase Stock Performance

Shares of NTES traded down $1.27 during mid-day trading on Friday, hitting $119.26. The company's stock had a trading volume of 228,972 shares, compared to its average volume of 1,589,000. NetEase has a one year low of $75.85 and a one year high of $123.56. The firm has a market capitalization of $75.56 billion, a PE ratio of 18.72, a price-to-earnings-growth ratio of 3.37 and a beta of 0.66. The stock's 50-day moving average is $103.65 and its two-hundred day moving average is $97.92.

NetEase (NASDAQ:NTES - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The technology company reported $1.87 earnings per share for the quarter, beating the consensus estimate of $1.73 by $0.14. NetEase had a return on equity of 22.12% and a net margin of 28.17%. The company had revenue of $3.66 billion during the quarter, compared to analysts' expectations of $27.16 billion. Analysts expect that NetEase will post 6.91 EPS for the current fiscal year.

NetEase Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be issued a dividend of $0.675 per share. The ex-dividend date is Friday, May 30th. NetEase's payout ratio is presently 38.85%.

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.