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

NASDAQ:NTES opened at $91.88 on Friday. The stock has a market cap of $60.16 billion, a price-to-earnings ratio of 23.38, a PEG ratio of 1.55 and a beta of 0.42. 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 has a 12 month low of $68.62 and a 12 month high of $118.19. The company's 50 day moving average is $93.99 and its two-hundred day moving average is $93.87.

NetEase (NASDAQ:NTES - Get Rating) last released its quarterly earnings data on Tuesday, May 24th. The technology company reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.07. The firm 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 company's revenue for the quarter was up 14.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.00 earnings per share. As a group, research analysts anticipate that NetEase will post 3.95 earnings per share for the current year.

NetEase Cuts Dividend

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

Analyst Ratings Changes

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