Shares of NetEase, Inc. (NASDAQ:NTES - Get Free Report) hit a new 52-week high during trading on Friday after JPMorgan Chase & Co. raised their price target on the stock from $120.00 to $135.00. JPMorgan Chase & Co. currently has an overweight rating on the stock. NetEase traded as high as $123.56 and last traded at $122.76, with a volume of 4242288 shares trading hands. The stock had previously closed at $107.11.
A number of other equities analysts have also recently issued reports on NTES. Deutsche Bank Aktiengesellschaft started coverage on shares of NetEase in a research note on Monday, May 12th. They issued a "buy" rating and a $130.00 price objective on the stock. Barclays boosted their price objective on shares of NetEase from $104.00 to $118.00 and gave the company an "equal weight" rating in a report on Friday. Morgan Stanley upped their price target on shares of NetEase from $108.00 to $117.00 and gave the stock an "overweight" rating in a report on Wednesday, February 12th. Finally, Benchmark upped their price objective on shares of NetEase from $105.00 to $115.00 and gave the company a "buy" rating in a research note on Friday, February 21st. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, NetEase presently has a consensus rating of "Moderate Buy" and a consensus target price of $119.38.
Check Out Our Latest Report on NTES
Hedge Funds Weigh In On NetEase
A number of institutional investors and hedge funds have recently added to or reduced their stakes in NTES. Bayforest Capital Ltd lifted its stake in NetEase by 94.7% in the first quarter. Bayforest Capital Ltd now owns 5,387 shares of the technology company's stock valued at $554,000 after buying an additional 2,620 shares during the last quarter. Everstar Asset Management LLC lifted its stake in shares of NetEase by 135.3% in the 1st quarter. Everstar Asset Management LLC now owns 12,841 shares of the technology company's stock valued at $1,322,000 after purchasing an additional 7,383 shares in the last quarter. Temasek Holdings Private Ltd boosted its position in NetEase by 26.7% during the 1st quarter. Temasek Holdings Private Ltd now owns 594,507 shares of the technology company's stock worth $61,187,000 after purchasing an additional 125,369 shares during the period. Royal Capital Wealth Management LLC acquired a new position in NetEase during the 1st quarter worth approximately $206,000. Finally, Edmond DE Rothschild Holding S.A. lifted its position in NetEase by 5.4% during the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 41,100 shares of the technology company's stock worth $4,230,000 after acquiring an additional 2,100 shares in the last quarter. 11.07% of the stock is owned by institutional investors and hedge funds.
NetEase Stock Performance
The firm has a fifty day simple moving average of $102.66 and a 200-day simple moving average of $97.32. The company has a market capitalization of $75.46 billion, a PE ratio of 18.70, a P/E/G ratio of 3.37 and a beta of 0.66.
NetEase (NASDAQ:NTES - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The technology company reported $1.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.73 by $0.14. NetEase had a net margin of 28.17% and a return on equity of 22.12%. The company had revenue of $3.66 billion for the quarter, compared to analysts' expectations of $27.16 billion. As a group, research analysts anticipate that NetEase, Inc. will post 6.91 EPS for the current fiscal year.
NetEase Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th were paid a $0.435 dividend. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $1.74 annualized dividend and a dividend yield of 1.46%. NetEase's dividend payout ratio (DPR) is currently 38.85%.
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 Articles
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
Which stocks are hedge funds and endowments buying in today's market? Enter your email address and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying now.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
