Shares of NetEase, Inc. (NASDAQ:NTES - Get Free Report) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $134.77 and last traded at $134.58, with a volume of 128133 shares trading hands. The stock had previously closed at $132.65.
Analysts Set New Price Targets
A number of research firms recently commented on NTES. Barclays raised their price objective on shares of NetEase from $104.00 to $118.00 and gave the stock an "equal weight" rating in a research note on Friday, May 16th. Wall Street Zen raised NetEase from a "buy" rating to a "strong-buy" rating in a research note on Thursday, May 22nd. Deutsche Bank Aktiengesellschaft assumed coverage on NetEase in a research note on Monday, May 12th. They set a "buy" rating and a $130.00 target price on the stock. Finally, JPMorgan Chase & Co. boosted their price target on shares of NetEase from $120.00 to $135.00 and gave the company an "overweight" rating in a report on Monday, May 19th. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, NetEase has an average rating of "Buy" and a consensus price target of $119.38.
Read Our Latest Stock Report on NTES
NetEase Stock Performance
The firm's 50-day moving average price is $119.22 and its two-hundred day moving average price is $105.88. The firm has a market capitalization of $85.27 billion, a price-to-earnings ratio of 19.36, a price-to-earnings-growth ratio of 4.62 and a beta of 0.67.
NetEase Announces Dividend
The firm 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 of this dividend was Friday, May 30th. This represents a $2.70 annualized dividend and a yield of 2.01%. NetEase's payout ratio is 38.71%.
Hedge Funds Weigh In On NetEase
A number of institutional investors have recently modified their holdings of NTES. Kayne Anderson Rudnick Investment Management LLC bought a new stake in shares of NetEase during the first quarter valued at approximately $26,000. Mather Group LLC. lifted its holdings in NetEase by 1,415.0% during the 1st quarter. Mather Group LLC. now owns 303 shares of the technology company's stock worth $31,000 after buying an additional 283 shares in the last quarter. Farther Finance Advisors LLC boosted its position in NetEase by 81.7% in the 4th quarter. Farther Finance Advisors LLC now owns 338 shares of the technology company's stock valued at $30,000 after buying an additional 152 shares during the last quarter. Strs Ohio bought a new position in NetEase in the 1st quarter valued at $63,000. Finally, TD Private Client Wealth LLC acquired a new stake in shares of NetEase in the 1st quarter valued at $65,000. 11.07% of the stock is owned by institutional investors.
NetEase Company Profile
(
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.
Featured Stories
Before you consider NetEase, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and NetEase wasn't on the list.
While NetEase currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
