NetEase Inc. (NTES) Now Covered by Analysts at Jefferies Group
Equities researchers at Jefferies Group began coverage on shares of NetEase Inc. (NASDAQ:NTES) in a research report issued on Thursday. The brokerage set a “hold” rating on the stock.
NTES has been the subject of a number of other reports. Credit Suisse Group AG started coverage on shares of NetEase in a research report on Friday, August 19th. They set a “neutral” rating and a $230.00 price target for the company. Vetr lowered shares of NetEase from a “hold” rating to a “sell” rating and set a $215.78 price target for the company. in a research report on Monday, September 12th. Zacks Investment Research upgraded shares of NetEase from a “hold” rating to a “strong-buy” rating and set a $244.00 price target for the company in a research report on Tuesday, August 23rd. Brean Capital restated a “buy” rating on shares of NetEase in a research report on Wednesday, August 31st. Finally, Deutsche Bank AG boosted their price target on shares of NetEase from $190.00 to $207.00 and gave the company a “buy” rating in a research report on Friday, June 24th. Three research analysts have rated the stock with a sell rating, three have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $205.82.
NetEase (NASDAQ:NTES) opened at 243.49 on Thursday. The company has a market capitalization of $31.93 billion, a PE ratio of 23.30 and a beta of 1.29. NetEase has a 52 week low of $116.01 and a 52 week high of $254.48. The stock has a 50 day moving average price of $223.14 and a 200-day moving average price of $179.77.
NetEase (NASDAQ:NTES) last issued its earnings results on Wednesday, August 17th. The company reported $3.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.61 by $1.06. NetEase had a net margin of 29.34% and a return on equity of 31.47%. On average, equities analysts predict that NetEase will post $12.40 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 9th. Stockholders of record on Wednesday, August 31st were paid a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 1.28%. This is an increase from NetEase’s previous quarterly dividend of $0.73. The ex-dividend date was Monday, August 29th. NetEase’s dividend payout ratio is 25.14%.
Several institutional investors have recently modified their holdings of the stock. Orbis Allan Gray Ltd purchased a new position in shares of NetEase during the first quarter valued at approximately $1,449,733,000. Coronation Fund Managers Ltd. purchased a new position in shares of NetEase during the second quarter valued at approximately $137,565,000. State Street Corp increased its position in shares of NetEase by 59.4% in the second quarter. State Street Corp now owns 1,416,543 shares of the company’s stock valued at $273,701,000 after buying an additional 527,760 shares during the period. BlackRock Institutional Trust Company N.A. increased its position in shares of NetEase by 39.1% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 1,837,876 shares of the company’s stock valued at $355,114,000 after buying an additional 516,959 shares during the period. Finally, BlackRock Fund Advisors increased its position in shares of NetEase by 75.8% in the second quarter. BlackRock Fund Advisors now owns 1,042,761 shares of the company’s stock valued at $201,482,000 after buying an additional 449,610 shares during the period. 59.71% of the stock is owned by hedge funds and other institutional investors.
NetEase, Inc (NetEase) is a technology company. The Company operates an interactive online community in China and is a provider of Chinese language content and services through its online games, Internet media, e-mail, e-commerce and other businesses. The Company operates through three segments: Online Game Services; Advertising Services, and E-mail, E-commerce and Others.
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