BidaskClub upgraded shares of NetEase (NASDAQ:NTES) from a buy rating to a strong-buy rating in a report released on Friday, BidAskClub reports.
Other research analysts have also recently issued research reports about the company. Cfra upped their target price on NetEase from $380.00 to $440.00 and gave the company a buy rating in a research note on Wednesday, May 20th. Zacks Investment Research raised NetEase from a hold rating to a buy rating and set a $422.00 target price on the stock in a research note on Friday, May 29th. New Street Research upgraded NetEase from a neutral rating to a buy rating and set a $450.00 price target for the company in a report on Thursday, May 21st. Bank of America boosted their price target on NetEase from $366.00 to $415.00 and gave the company a buy rating in a report on Thursday, February 27th. Finally, ValuEngine upgraded NetEase from a sell rating to a hold rating in a report on Tuesday, June 23rd. Two research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. NetEase currently has a consensus rating of Buy and a consensus target price of $401.66.
NTES opened at $432.64 on Friday. The stock has a market cap of $55.13 billion, a price-to-earnings ratio of 17.80, a P/E/G ratio of 0.65 and a beta of 0.72. The stock’s 50 day moving average price is $399.20 and its 200-day moving average price is $346.07. NetEase has a one year low of $209.01 and a one year high of $441.87.
NetEase (NASDAQ:NTES) last released its earnings results on Tuesday, May 19th. The technology company reported $32.17 EPS for the quarter, beating analysts’ consensus estimates of $3.51 by $28.66. The firm had revenue of $2.41 billion for the quarter, compared to analysts’ expectations of $2.31 billion. NetEase had a return on equity of 37.00% and a net margin of 33.53%. As a group, sell-side analysts expect that NetEase will post 15.77 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, June 23rd. Shareholders of record on Friday, June 12th were issued a dividend of $1.16 per share. The ex-dividend date of this dividend was Thursday, June 11th. This represents a $4.64 dividend on an annualized basis and a yield of 1.07%. This is a positive change from NetEase’s previous quarterly dividend of $1.02. NetEase’s dividend payout ratio is currently 31.56%.
A number of institutional investors have recently bought and sold shares of NTES. Ovata Capital Management Ltd purchased a new stake in NetEase during the fourth quarter worth $28,000. Smithfield Trust Co. purchased a new stake in NetEase during the first quarter worth $37,000. Nkcfo LLC purchased a new stake in NetEase during the first quarter worth $39,000. Carroll Financial Associates Inc. lifted its holdings in NetEase by 533.3% during the first quarter. Carroll Financial Associates Inc. now owns 152 shares of the technology company’s stock worth $48,000 after buying an additional 128 shares during the period. Finally, American Beacon Advisors Inc. lifted its holdings in NetEase by 27.3% during the first quarter. American Beacon Advisors Inc. now owns 154 shares of the technology company’s stock worth $49,000 after buying an additional 33 shares during the period. Institutional investors own 46.94% of the company’s stock.
NetEase Company Profile
NetEase, Inc operates an interactive online community in the People's Republic of China. The company operates in four segments: Online Games Services, E-Commerce, Advertising Services, and Innovative Businesses and Other Services. It offers various games in a range of genres through mobile devices and PCs, including role-playing games, MMORPGs, battle arena games, simulation games, collectible card games, first-person shooter games, sandbox games, and other types of games to the Chinese market.
Further Reading: FinTech
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