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Analysts Set NetEase, Inc. (NASDAQ:NTES) PT at $119.38

NetEase logo with Computer and Technology background

Shares of NetEase, Inc. (NASDAQ:NTES - Get Free Report) have received an average rating of "Moderate Buy" from the eight ratings firms that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $119.38.

A number of analysts recently weighed in on the company. JPMorgan Chase & Co. boosted their target price on NetEase from $120.00 to $135.00 and gave the stock an "overweight" rating in a research report on Monday, May 19th. Wall Street Zen upgraded NetEase from a "buy" rating to a "strong-buy" rating in a research report on Thursday, May 22nd. Deutsche Bank Aktiengesellschaft assumed coverage on NetEase in a research report on Monday, May 12th. They issued a "buy" rating and a $130.00 target price for the company. Finally, Barclays boosted 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.

Read Our Latest Research Report on NetEase

NetEase Trading Down 2.3%

Shares of NTES traded down $3.03 during trading hours on Friday, reaching $130.25. 670,382 shares of the company's stock traded hands, compared to its average volume of 1,482,389. The stock has a market cap of $82.53 billion, a PE ratio of 18.74, a price-to-earnings-growth ratio of 4.64 and a beta of 0.69. The firm's 50 day simple moving average is $123.83 and its 200-day simple moving average is $107.92. NetEase has a 12 month low of $75.85 and a 12 month high of $135.32.

NetEase Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were given a $0.675 dividend. The ex-dividend date was Friday, May 30th. This represents a $2.70 annualized dividend and a yield of 2.07%. NetEase's payout ratio is currently 38.71%.

Hedge Funds Weigh In On NetEase

Hedge funds and other institutional investors have recently made changes to their positions in the business. Kayne Anderson Rudnick Investment Management LLC bought a new position in shares of NetEase during the first quarter valued at approximately $26,000. Farther Finance Advisors LLC raised 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 in the last quarter. Mather Group LLC. raised 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 in the last quarter. Reyes Financial Architecture Inc. raised its holdings in shares of NetEase by 1,189.5% during the second quarter. Reyes Financial Architecture Inc. now owns 245 shares of the technology company's stock valued at $33,000 after acquiring an additional 226 shares in the last quarter. Finally, Strs Ohio bought a new position in shares of NetEase during the first quarter valued at approximately $63,000. Institutional investors own 11.07% of the company's stock.

About NetEase

(Get Free Report

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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Analyst Recommendations for NetEase (NASDAQ:NTES)

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