NetEase Inc. (NTES) Upgraded to Outperform at Credit Agricole SA
Credit Agricole SA upgraded shares of NetEase Inc. (NASDAQ:NTES) from an underperform rating to an outperform rating in a report published on Monday morning. Credit Agricole SA currently has $272.00 price objective on the stock.
A number of other equities research analysts also recently issued reports on NTES. Jefferies Group began coverage on shares of NetEase in a research report on Thursday, September 29th. They issued a hold rating and a $245.00 target price for the company. Brean Capital assumed coverage on shares of NetEase in a report on Monday, July 18th. They set a buy rating and a $235.00 price target on the stock. Vetr upgraded shares of NetEase from a strong sell rating to a sell rating and set a $218.71 price target on the stock in a report on Monday, September 26th. Macquarie raised their price target on shares of NetEase from $256.00 to $280.00 and gave the company an outperform rating in a report on Wednesday, September 28th. Finally, Zacks Investment Research downgraded shares of NetEase from a strong-buy rating to a hold rating in a report on Wednesday, July 27th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of Buy and a consensus price target of $221.08.
Shares of NetEase (NASDAQ:NTES) traded up 1.6785% during trading on Monday, hitting $248.9699. 381,198 shares of the stock traded hands. The company has a market cap of $32.64 billion, a PE ratio of 23.8180 and a beta of 1.03. The firm has a 50 day moving average price of $226.63 and a 200-day moving average price of $182.04. NetEase has a one year low of $124.87 and a one year high of $254.48.
NetEase (NASDAQ:NTES) last released its earnings results on Wednesday, August 17th. The company reported $3.67 earnings per share (EPS) for the quarter, topping 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%. Analysts anticipate that NetEase will post $12.52 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 9th. Shareholders of record on Wednesday, August 31st were given a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 1.27%. This is a positive change from NetEase’s previous quarterly dividend of $0.73. The ex-dividend date was Monday, August 29th. NetEase’s dividend payout ratio (DPR) is currently 25.14%.
Hedge funds have recently bought and sold shares of the company. Bank of Montreal Can bought a new stake in NetEase during the second quarter valued at about $36,500,000. Handelsbanken Fonder AB raised its stake in shares of NetEase by 46.2% in the second quarter. Handelsbanken Fonder AB now owns 530,619 shares of the company’s stock valued at $102,526,000 after buying an additional 167,600 shares during the period. BlackRock Japan Co. Ltd raised its stake in shares of NetEase by 13.4% in the first quarter. BlackRock Japan Co. Ltd now owns 71,514 shares of the company’s stock valued at $10,268,000 after buying an additional 8,461 shares during the period. Orbis Allan Gray Ltd acquired a new stake in shares of NetEase during the first quarter valued at $1,449,733,000. Finally, Origin Asset Management LLP raised its stake in shares of NetEase by 29.8% in the first quarter. Origin Asset Management LLP now owns 486,724 shares of the company’s stock valued at $69,884,000 after buying an additional 111,833 shares during the period. Institutional investors own 59.71% of the company’s stock.
NetEase Company Profile
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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