NetEase (NASDAQ:NTES) Sets New 1-Year High After Analyst Upgrade

NetEase, Inc. (NASDAQ:NTES - Get Free Report)'s stock price reached a new 52-week high 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 changing hands. The stock had previously closed at $107.11.

Several other equities analysts have also recently commented on the company. Barclays upped their price target on NetEase from $104.00 to $118.00 and gave the company an "equal weight" rating in a report on Friday, May 16th. Morgan Stanley raised their target price on NetEase from $108.00 to $117.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 12th. Deutsche Bank Aktiengesellschaft started coverage on NetEase in a report on Monday, May 12th. They issued a "buy" rating and a $130.00 target price for the company. Finally, Benchmark increased their price objective on shares of NetEase from $105.00 to $115.00 and gave the stock a "buy" rating in a report on Friday, February 21st. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $119.38.

Institutional Trading of NetEase

A number of institutional investors have recently bought and sold shares of NTES. Kayne Anderson Rudnick Investment Management LLC acquired a new position in NetEase during the first quarter valued at approximately $26,000. Mather Group LLC. grew its position in shares of NetEase by 1,415.0% in the 1st quarter. Mather Group LLC. now owns 303 shares of the technology company's stock valued at $31,000 after purchasing an additional 283 shares during the period. Farther Finance Advisors LLC increased its stake in NetEase by 81.7% during the 4th quarter. Farther Finance Advisors LLC now owns 338 shares of the technology company's stock worth $30,000 after purchasing an additional 152 shares in the last quarter. UMB Bank n.a. lifted its stake in NetEase by 33.3% in the fourth quarter. UMB Bank n.a. now owns 444 shares of the technology company's stock valued at $40,000 after buying an additional 111 shares in the last quarter. Finally, TD Private Client Wealth LLC bought a new stake in shares of NetEase during the first quarter worth $65,000. Institutional investors and hedge funds own 11.07% of the company's stock.

NetEase Stock Performance

The stock has a fifty day simple moving average of $103.29 and a 200-day simple moving average of $97.77. The stock has a market cap of $76.54 billion, a P/E ratio of 18.96, a PEG ratio of 3.37 and a beta of 0.66.

NetEase (NASDAQ:NTES - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The technology company reported $1.87 earnings per share for the quarter, topping analysts' consensus estimates of $1.73 by $0.14. NetEase had a return on equity of 22.12% and a net margin of 28.17%. The firm had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $27.16 billion. On average, research analysts anticipate that NetEase, Inc. will post 6.91 earnings per share for the current year.

NetEase Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th were paid a dividend of $0.435 per share. This represents a $1.74 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date was Thursday, March 6th. NetEase's payout ratio is 38.85%.

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.