Shares of NetEase, Inc. (NASDAQ:NTES - Get Free Report) reached a new 52-week high on Tuesday . The stock traded as high as $110.66 and last traded at $109.80, with a volume of 696846 shares. The stock had previously closed at $109.06.
Analyst Upgrades and Downgrades
Several research firms recently commented on NTES. Barclays increased their price objective on NetEase from $82.00 to $104.00 and gave the company an "equal weight" rating in a research report on Monday, February 24th. Morgan Stanley lifted their price target on shares of NetEase from $108.00 to $117.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 12th. Benchmark boosted their price objective on shares of NetEase from $105.00 to $115.00 and gave the company a "buy" rating in a report on Friday, February 21st. Finally, Bank of America raised their target price on shares of NetEase from $120.00 to $122.00 and gave the stock a "buy" rating in a report on Wednesday, January 15th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $112.67.
Check Out Our Latest Report on NTES
NetEase Stock Up 0.7 %
The business's fifty day moving average is $101.14 and its 200-day moving average is $95.49. The company has a market cap of $69.57 billion, a PE ratio of 17.24, a P/E/G ratio of 3.37 and a beta of 0.66.
NetEase (NASDAQ:NTES - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The technology company reported $1.87 earnings per share for the quarter, topping the consensus estimate of $1.73 by $0.14. The business had revenue of $3.66 billion for the quarter, compared to analysts' expectations of $27.16 billion. NetEase had a net margin of 28.17% and a return on equity of 22.12%. Analysts forecast that NetEase, Inc. will post 6.91 EPS for the current fiscal year.
NetEase Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th were paid a $0.435 dividend. This represents a $1.74 annualized dividend and a dividend yield of 1.58%. The ex-dividend date was Thursday, March 6th. NetEase's dividend payout ratio (DPR) is currently 76.45%.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in NTES. Mather Group LLC. lifted its holdings in NetEase by 1,415.0% during the first quarter. Mather Group LLC. now owns 303 shares of the technology company's stock valued at $31,000 after purchasing an additional 283 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in shares of NetEase by 81.7% during 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 in the last quarter. Brooklyn Investment Group bought a new position in NetEase in the 4th quarter worth $34,000. UMB Bank n.a. increased its stake in NetEase by 33.3% in the 4th quarter. UMB Bank n.a. now owns 444 shares of the technology company's stock worth $40,000 after buying an additional 111 shares in the last quarter. Finally, TD Private Client Wealth LLC bought a new stake in NetEase during the first quarter valued at about $65,000. 11.07% of the stock is currently owned by institutional investors.
About NetEase
(
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.
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