NetEase, Inc. (NASDAQ:NTES) Receives Consensus Rating of “Buy” from Brokerages

NetEase, Inc. (NASDAQ:NTES) has been assigned a consensus rating of “Buy” from the five research firms that are presently covering the company, Marketbeat.com reports. Five investment analysts have rated the stock with a buy rating. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $126.00.

Separately, StockNews.com downgraded shares of NetEase from a “strong-buy” rating to a “buy” rating in a research report on Monday.

Hedge Funds Weigh In On NetEase

Several hedge funds and other institutional investors have recently bought and sold shares of NTES. Morgan Stanley lifted its stake in shares of NetEase by 3.1% in the 4th quarter. Morgan Stanley now owns 3,333,468 shares of the technology company’s stock worth $242,110,000 after purchasing an additional 98,751 shares during the period. Wellington Management Group LLP lifted its stake in shares of NetEase by 226.4% in the 4th quarter. Wellington Management Group LLP now owns 1,896,495 shares of the technology company’s stock worth $176,677,000 after purchasing an additional 1,315,410 shares during the period. Tairen Capital Ltd bought a new position in shares of NetEase in the 4th quarter worth approximately $164,307,000. FIL Ltd lifted its stake in shares of NetEase by 73.2% in the 4th quarter. FIL Ltd now owns 1,572,418 shares of the technology company’s stock worth $146,486,000 after purchasing an additional 664,577 shares during the period. Finally, Nuveen Asset Management LLC lifted its stake in shares of NetEase by 98.9% in the 2nd quarter. Nuveen Asset Management LLC now owns 1,484,772 shares of the technology company’s stock worth $143,563,000 after purchasing an additional 738,249 shares during the period. Institutional investors own 11.78% of the company’s stock.

NetEase Price Performance

NetEase stock traded down $1.17 during mid-day trading on Monday, reaching $105.76. 1,070,648 shares of the company traded hands, compared to its average volume of 1,896,162. The firm’s 50 day moving average price is $102.57 and its 200 day moving average price is $103.50. The firm has a market capitalization of $68.19 billion, a price-to-earnings ratio of 16.71, a P/E/G ratio of 0.93 and a beta of 0.59. NetEase has a 52-week low of $80.79 and a 52-week high of $118.89.

NetEase Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 28th. Investors of record on Thursday, March 14th will be paid a $1.08 dividend. This is a boost from NetEase’s previous quarterly dividend of $0.50. The ex-dividend date is Wednesday, March 13th. This represents a $4.32 dividend on an annualized basis and a yield of 4.08%. NetEase’s payout ratio is presently 68.09%.

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.