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

Key Points

• NetEase, Inc. has received a consensus recommendation of “Moderate Buy” from analysts, with three holding ratings and five buy ratings.
• The average price target for NetEase shares among analysts is approximately $122.71, with individual targets ranging from $120.00 to $140.00.
• NetEase announced a quarterly dividend of $0.675 per share, representing an annualized yield of 2.0%, with the ex-dividend date being August 28th.

NetEase, Inc. (NASDAQ:NTES - Get Free Report) has been given a consensus rating of "Moderate Buy" by the eight research firms that are covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $122.7143.

NTES has been the subject of a number of research analyst reports. Barclays set a $120.00 price target on shares of NetEase and gave the stock an "equal weight" rating in a report on Monday, August 18th. Zacks Research cut shares of NetEase from a "strong-buy" rating to a "hold" rating in a report on Friday, August 15th. JPMorgan Chase & Co. cut shares of NetEase from an "overweight" rating to a "neutral" rating and raised their price target for the stock from $135.00 to $140.00 in a report on Monday, July 28th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of NetEase in a report on Monday, May 12th. They issued a "buy" rating and a $130.00 price target for the company. Finally, Wall Street Zen cut shares of NetEase from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 16th.

NetEase Stock Performance

NASDAQ:NTES traded down $1.47 during midday trading on Monday, reaching $136.19. 446,893 shares of the stock traded hands, compared to its average volume of 915,634. NetEase has a 12-month low of $75.85 and a 12-month high of $141.45. The business has a 50-day moving average of $132.63 and a two-hundred day moving average of $116.96. The stock has a market capitalization of $86.29 billion, a PE ratio of 18.43, a price-to-earnings-growth ratio of 1.84 and a beta of 0.67.

NetEase Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Thursday, August 28th will be issued a $0.675 dividend. The ex-dividend date of this dividend is Thursday, August 28th. This represents a $2.70 dividend on an annualized basis and a dividend yield of 2.0%. NetEase's dividend payout ratio (DPR) is currently 30.72%.

Institutional Trading of NetEase

A number of hedge funds and other institutional investors have recently made changes to their positions in NTES. NewSquare Capital LLC increased its stake in shares of NetEase by 137.2% in the second quarter. NewSquare Capital LLC now owns 185 shares of the technology company's stock worth $25,000 after acquiring an additional 107 shares during the period. Kayne Anderson Rudnick Investment Management LLC acquired a new stake in shares of NetEase in the first quarter worth $26,000. Private Trust Co. NA increased its stake in shares of NetEase by 266.0% in the second quarter. Private Trust Co. NA now owns 194 shares of the technology company's stock worth $26,000 after acquiring an additional 141 shares during the period. USA Financial Formulas acquired a new stake in shares of NetEase in the second quarter worth $30,000. Finally, Mather Group LLC. increased its stake in shares of NetEase by 1,415.0% in the first 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. 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.