Brokerages Set NetEase, Inc. (NASDAQ:NTES) Target Price at $114.57

NetEase, Inc. (NASDAQ:NTES) has been given an average recommendation of “Moderate Buy” by the seven ratings firms that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $114.57.

Several research analysts have recently commented on NTES shares. Morgan Stanley lifted their target price on NetEase from $108.00 to $117.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 12th. Barclays lifted their price objective on shares of NetEase from $82.00 to $104.00 and gave the stock an “equal weight” rating in a research report on Monday, February 24th. StockNews.com lowered shares of NetEase from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 6th. Bank of America lifted 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. Finally, Benchmark upped their price target on shares of NetEase from $105.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, February 21st.

NetEase Price Performance

Shares of NTES opened at $106.35 on Friday. The company has a market cap of $68.29 billion, a PE ratio of 16.70, a price-to-earnings-growth ratio of 3.37 and a beta of 0.61. The firm has a 50-day moving average of $102.22 and a 200-day moving average of $93.18. NetEase has a one year low of $75.85 and a one year high of $110.15.

NetEase (NASDAQ:NTES) last issued its earnings results on Thursday, February 20th. The technology company reported $1.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.73 by $0.14. The business had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $27.16 billion. NetEase had a net margin of 28.17% and a return on equity of 22.12%. Analysts expect that NetEase will post 6.91 earnings per share for the current year.

NetEase Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were given a dividend of $0.435 per share. This represents a $1.74 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date was Thursday, March 6th. NetEase’s dividend payout ratio is 76.45%.

Institutional Trading of NetEase

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Farther Finance Advisors LLC increased its holdings in shares of NetEase by 81.7% during the fourth quarter. Farther Finance Advisors LLC now owns 338 shares of the technology company’s stock worth $30,000 after purchasing an additional 152 shares during the period. Brooklyn Investment Group acquired a new stake in NetEase during the fourth quarter worth approximately $34,000. UMB Bank n.a. grew its position in NetEase by 33.3% during the fourth 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. Live Oak Investment Partners bought a new position in NetEase during the 4th quarter worth $62,000. Finally, RPg Family Wealth Advisory LLC acquired a new position in NetEase in the 3rd quarter valued at $70,000. Institutional investors and hedge funds own 11.07% of the company’s stock.

NetEase Company Profile

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.