NetEase (NASDAQ:NTES) Hits New 1-Year High - Should You Buy?

NetEase, Inc. (NASDAQ:NTES - Get Free Report) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $133.91 and last traded at $133.66, with a volume of 589206 shares traded. The stock had previously closed at $130.33.

Wall Street Analysts Forecast Growth

NTES has been the topic of several analyst reports. Barclays raised their target price on NetEase from $104.00 to $118.00 and gave the company an "equal weight" rating in a report on Friday, May 16th. JPMorgan Chase & Co. increased their price objective on shares of NetEase from $120.00 to $135.00 and gave the company an "overweight" rating in a research report on Monday, May 19th. Deutsche Bank Aktiengesellschaft started coverage on shares of NetEase in a research report on Monday, May 12th. They set a "buy" rating and a $130.00 target price on the stock. Finally, Wall Street Zen upgraded shares of NetEase from a "buy" rating to a "strong-buy" rating in a research note on Thursday, May 22nd. One equities research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $119.38.

NetEase Price Performance

The firm's fifty day moving average price is $118.54 and its 200-day moving average price is $105.50. The firm has a market capitalization of $84.05 billion, a P/E ratio of 19.09, a PEG ratio of 4.64 and a beta of 0.67.

NetEase Announces Dividend

The business 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. This represents a $2.70 annualized dividend and a yield of 2.04%. The ex-dividend date of this dividend was Friday, May 30th. NetEase's payout ratio is presently 38.71%.

Institutional Trading of NetEase

A number of institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC boosted its stake in shares of NetEase by 10,192.0% during the 1st quarter. GAMMA Investing LLC now owns 2,573 shares of the technology company's stock worth $265,000 after buying an additional 2,548 shares during the last quarter. Pine Haven Investment Counsel Inc bought a new position in shares of NetEase during the first quarter worth approximately $206,000. Farther Finance Advisors LLC lifted its holdings in NetEase by 191.7% during the 1st quarter. Farther Finance Advisors LLC now owns 986 shares of the technology company's stock worth $105,000 after purchasing an additional 648 shares during the last quarter. Moseley Investment Management Inc. acquired a new stake in shares of NetEase during the first quarter worth $206,000. Finally, Public Employees Retirement System of Ohio boosted its holdings in NetEase by 3.1% in the 4th quarter. Public Employees Retirement System of Ohio now owns 128,316 shares of the technology company's stock valued at $11,447,000 after purchasing an additional 3,883 shares during the period. Institutional investors and hedge funds own 11.07% of the company's stock.

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.