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 Price Performance

Shares of NASDAQ:NTES traded up $0.36 during trading on Friday, hitting $91.88. 1,121,980 shares of the stock were exchanged, compared to its average volume of 1,718,547. NetEase has a 12-month low of $68.62 and a 12-month high of $118.19. The company has a market cap of $60.16 billion, a PE ratio of 23.38, a P/E/G ratio of 1.58 and a beta of 0.42. The company has a fifty day moving average price of $93.78 and a two-hundred day moving average price of $93.83. The company has a current ratio of 2.30, a quick ratio of 2.28 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 EPS for the quarter, topping analysts' consensus estimates of $0.98 by $0.07. NetEase had a return on equity of 18.02% and a net margin of 18.56%. The company had revenue of $23.56 billion for the quarter, compared to the consensus estimate of $23.12 billion. During the same period in the previous year, the business earned $1.00 earnings per share. NetEase's quarterly revenue was up 14.8% compared to the same quarter last year. On average, analysts forecast that NetEase will post 3.95 EPS for the current year.

NetEase Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 23rd. Shareholders of record on Wednesday, June 8th were given a dividend of $0.322 per share. This represents a $1.29 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date was Tuesday, June 7th. NetEase's payout ratio is currently 32.57%.

Wall Street Analysts Forecast Growth

NTES has been the topic of a number of analyst reports. StockNews.com lowered shares of NetEase from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 16th. Macquarie began coverage on shares of NetEase in a report on Tuesday, July 5th. They set an "outperform" rating and a $129.00 price target for the company. HSBC reduced their price objective 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. Finally, JPMorgan Chase & Co. upgraded 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. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $128.50.