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

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.

Shares of NetEase, Inc. (NASDAQ:NTES - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the eight ratings firms that are covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $122.7143.

A number of equities research analysts recently issued reports on NTES shares. Barclays set a $120.00 price objective on shares of NetEase and gave the stock an "equal weight" rating in a research note on Monday, August 18th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of NetEase in a research note on Monday, May 12th. They set a "buy" rating and a $130.00 price objective for the company. Wall Street Zen downgraded shares of NetEase from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 16th. Zacks Research downgraded shares of NetEase from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 15th. Finally, JPMorgan Chase & Co. downgraded shares of NetEase from an "overweight" rating to a "neutral" rating and boosted their price objective for the stock from $135.00 to $140.00 in a research note on Monday, July 28th.

NetEase Trading Up 0.0%

Shares of NTES opened at $131.89 on Monday. The stock has a market cap of $83.56 billion, a P/E ratio of 17.85, a PEG ratio of 1.74 and a beta of 0.67. The company has a 50-day moving average of $131.93 and a two-hundred day moving average of $116.03. NetEase has a 12-month low of $75.85 and a 12-month high of $141.45.

NetEase Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Thursday, August 28th will be given a dividend of $0.675 per share. This represents a $2.70 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Thursday, August 28th. NetEase's payout ratio is presently 36.40%.

Institutional Trading of NetEase

Several institutional investors have recently added to or reduced their stakes in NTES. Bridgewater Advisors Inc. raised its holdings in shares of NetEase by 3.3% during the second quarter. Bridgewater Advisors Inc. now owns 2,527 shares of the technology company's stock worth $332,000 after purchasing an additional 80 shares during the period. Venturi Wealth Management LLC grew its position in shares of NetEase by 3.5% during the second quarter. Venturi Wealth Management LLC now owns 2,527 shares of the technology company's stock worth $340,000 after acquiring an additional 86 shares during the last quarter. Checchi Capital Advisers LLC grew its position in shares of NetEase by 4.6% during the second quarter. Checchi Capital Advisers LLC now owns 2,347 shares of the technology company's stock worth $316,000 after acquiring an additional 103 shares during the last quarter. Frank Rimerman Advisors LLC grew its position in shares of NetEase by 1.6% during the second quarter. Frank Rimerman Advisors LLC now owns 6,422 shares of the technology company's stock worth $864,000 after acquiring an additional 104 shares during the last quarter. Finally, NewSquare Capital LLC grew its position in shares of NetEase by 137.2% during 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 last quarter. 11.07% of the stock is owned by institutional investors and hedge funds.

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.

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