NetEase - NTES Stock Forecast, Price & News

NetEase, Inc. provides online services focusing on diverse content, community, communication, and commerce in the Peoples' Republic of China and internationally. The company operates in three segments: Online Game Services, Youdao, Cloud Music, and Innovative Businesses and Others. It develops and operates PC and mobile games, as well as offers games licensed from other game developers. The company's products and services include Youdao Dictionary, an online knowledge tool; Youdao Translation, a tool specifically designed to support translation needs of business and leisure travelers; U-Dictionary, an online dictionary and translation app; Youdao Kids' Dictionary, a smart and fun tool; smart devices, such as Youdao Dictionary Pen, Youdao Listening Pod, Youdao Smart Lamp, Youdao Pocket Translator, and Youdao Super Dictionary; online courses; interactive learning apps; enterprise services, such as Youdao Smart Learning Terminal, a device that automates paper-based homework processing and provides learning diagnosis through artificial intelligence technology at schools; and Youdao Smart Cloud, a cloud-based platform that allows third-party app developers, smart device brands and manufacturers to access advanced optical character recognition capabilities and neural machine translation engine. Its products and services also include NetEase Cloud Music, a music streaming platform; Yanxuan, an e-commerce platform, which sells private label products, including consumer electronics, food, apparel, homeware, kitchenware, and other general merchandise; NetEase Media, an internet media platform; NetEase Mail, an email service; NetEase CC Live streaming, a live streaming platform with a focus on game broadcasting; and NetEase Pay, a payment platform. The company was formerly known as NetEase.com, Inc. and changed its name to NetEase, Inc. in March 2012. NetEase, Inc. was founded in 1997 and is headquartered in Hangzhou, the People's Republic of China.

NetEase Stock Performance

NASDAQ:NTES opened at $89.46 on Tuesday. The stock has a market cap of $58.58 billion, a P/E ratio of 22.76, a PEG ratio of 1.53 and a beta of 0.42. The company's 50-day simple moving average is $94.75 and its 200 day simple moving average is $93.96. NetEase has a twelve month low of $68.62 and a twelve month high of $118.19. The company has a quick ratio of 2.28, a current ratio of 2.30 and a debt-to-equity ratio of 0.03.

NetEase (NASDAQ:NTES - Get Rating) last posted its earnings results on Tuesday, May 24th. The technology company reported $1.05 earnings per share for the quarter, beating analysts' consensus estimates of $0.98 by $0.07. The business had revenue of $23.56 billion for the quarter, compared to analysts' expectations of $23.12 billion. NetEase had a net margin of 18.56% and a return on equity of 18.02%. The firm's revenue for the quarter was up 14.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.00 earnings per share. As a group, research analysts forecast that NetEase will post 3.95 earnings per share for the current fiscal year.

NetEase Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 23rd. Shareholders of record on Wednesday, June 8th were paid a dividend of $0.322 per share. The ex-dividend date of this dividend was Tuesday, June 7th. This represents a $1.29 annualized dividend and a yield of 1.44%. NetEase's dividend payout ratio is 32.57%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on NTES. Macquarie began coverage on shares of NetEase in a research report on Tuesday, July 5th. They set an "outperform" rating and a $129.00 target price for the company. HSBC cut their target price on shares of NetEase from $126.00 to $122.00 and set a "buy" rating for the company in a research report on Wednesday, May 25th. JPMorgan Chase & Co. raised shares of NetEase from an "underweight" rating to an "overweight" rating and boosted their target price for the stock from $60.00 to $120.00 in a research report on Monday, May 16th. Finally, StockNews.com downgraded shares of NetEase from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 16th. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $128.50.