NetEase, Inc. (NASDAQ:NTES) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Key Points

• NetEase, Inc. has received an average analyst rating of "Moderate Buy", with three analysts rating it as a hold, seven as buy, and one as strong buy.
• Hedge funds have increased their stakes in NetEase, with some like Mirae Asset Global Investments growing their holdings by over 7,698% in the last quarter.
• The company recently announced a quarterly dividend of $0.675, reflecting an annualized dividend yield of 1.8%.

NetEase, Inc. (NASDAQ:NTES - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the eleven research firms that are covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $132.00.

A number of analysts recently weighed in on the stock. Barclays set a $120.00 price objective on shares of NetEase and gave the stock an "equal weight" rating in a report on Monday, August 18th. The Goldman Sachs Group set a $161.00 price target on shares of NetEase and gave the company a "buy" rating in a research note on Monday, September 15th. Zacks Research cut NetEase from a "strong-buy" rating to a "hold" rating in a report on Friday, August 15th. Arete upgraded NetEase from a "sell" rating to a "buy" rating and set a $150.00 target price on the stock in a research report on Wednesday, September 3rd. Finally, Wall Street Zen lowered NetEase from a "strong-buy" rating to a "buy" rating in a research report on Saturday.

NetEase Trading Up 0.2%

NTES traded up $0.30 during trading on Friday, reaching $152.35. 605,510 shares of the company were exchanged, compared to its average volume of 695,513. NetEase has a 52 week low of $75.88 and a 52 week high of $159.55. The firm has a 50 day moving average of $137.11 and a 200 day moving average of $122.09. The stock has a market cap of $96.53 billion, a P/E ratio of 20.62, a PEG ratio of 2.03 and a beta of 0.67.

NetEase Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 11th. Investors of record on Thursday, August 28th were issued a $0.675 dividend. The ex-dividend date of this dividend was Thursday, August 28th. This represents a $2.70 annualized dividend and a yield of 1.8%. NetEase's dividend payout ratio is presently 30.72%.

Hedge Funds Weigh In On NetEase

Several large investors have recently bought and sold shares of NTES. Bridgewater Advisors Inc. lifted its holdings in NetEase by 3.3% in the second quarter. Bridgewater Advisors Inc. now owns 2,527 shares of the technology company's stock valued at $332,000 after acquiring an additional 80 shares during the last quarter. Venturi Wealth Management LLC raised its position in NetEase by 3.5% in the second quarter. Venturi Wealth Management LLC now owns 2,527 shares of the technology company's stock valued at $340,000 after purchasing an additional 86 shares during the period. Checchi Capital Advisers LLC lifted its stake in shares of NetEase by 4.6% in the 2nd quarter. Checchi Capital Advisers LLC now owns 2,347 shares of the technology company's stock valued at $316,000 after purchasing an additional 103 shares during the last quarter. Frank Rimerman Advisors LLC grew its holdings in shares of NetEase by 1.6% during the 2nd quarter. Frank Rimerman Advisors LLC now owns 6,422 shares of the technology company's stock worth $864,000 after purchasing an additional 104 shares during the period. Finally, NewSquare Capital LLC increased its position in shares of NetEase by 137.2% during the 2nd quarter. NewSquare Capital LLC now owns 185 shares of the technology company's stock worth $25,000 after purchasing an additional 107 shares during the last quarter. Institutional investors and hedge funds 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.