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

Key Points

• NetEase, Inc. has received an overall rating of "Moderate Buy" from analysts, with a majority of them recommending a buy or better rating for the stock.
• The average 1-year price target for NetEase is set at $142.30, while recent ratings suggest price targets ranging from $120 to $190.
• NetEase recently announced a quarterly dividend of $0.675 per share, reflecting a 1.8% yield and a payout ratio of 30.72%.

NetEase, Inc. (NASDAQ:NTES - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the twelve brokerages that are currently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $142.30.

Several research firms have commented on NTES. Barclays set a $120.00 price objective on shares of NetEase and gave the company an "equal weight" rating in a report on Monday, August 18th. Arete upgraded shares of NetEase from a "sell" rating to a "buy" rating and set a $150.00 price objective on the stock in a report on Wednesday, September 3rd. Zacks Research downgraded shares of NetEase from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 15th. Weiss Ratings restated a "hold (c)" rating on shares of NetEase in a research note on Wednesday, October 8th. Finally, JPMorgan Chase & Co. upgraded shares of NetEase from a "neutral" rating to an "overweight" rating and upped their price target for the company from $138.00 to $190.00 in a research note on Friday.

Institutional Investors Weigh In On NetEase

Institutional investors and hedge funds have recently bought and sold shares of the company. Bridgewater Advisors Inc. boosted its holdings in shares of NetEase by 3.3% in the 2nd quarter. Bridgewater Advisors Inc. now owns 2,527 shares of the technology company's stock worth $332,000 after buying an additional 80 shares during the last quarter. Venturi Wealth Management LLC boosted its holdings in shares of NetEase by 3.5% in the 2nd quarter. Venturi Wealth Management LLC now owns 2,527 shares of the technology company's stock worth $340,000 after buying an additional 86 shares during the last quarter. AdvisorNet Financial Inc boosted its holdings in shares of NetEase by 7.2% in the 3rd quarter. AdvisorNet Financial Inc now owns 1,501 shares of the technology company's stock worth $228,000 after buying an additional 101 shares during the last quarter. Checchi Capital Advisers LLC boosted its holdings 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 worth $316,000 after buying an additional 103 shares during the last quarter. Finally, Frank Rimerman Advisors LLC boosted its holdings in shares of NetEase by 1.6% in the 2nd quarter. Frank Rimerman Advisors LLC now owns 6,422 shares of the technology company's stock worth $864,000 after buying an additional 104 shares during the last quarter. Institutional investors own 11.07% of the company's stock.

NetEase Trading Up 1.7%

Shares of NTES opened at $149.37 on Tuesday. NetEase has a 1-year low of $75.88 and a 1-year high of $159.55. The company has a market cap of $94.64 billion, a price-to-earnings ratio of 20.21, a PEG ratio of 1.96 and a beta of 0.67. The company's fifty day simple moving average is $142.24 and its 200 day simple moving average is $127.27.

NetEase Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 11th. Investors of record on Thursday, August 28th were given a dividend of $0.675 per share. 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 currently 30.72%.

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.

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