Credit Agricole SA Comments on NetEase Inc.’s FY2016 Earnings (NTES)
NetEase Inc. (NASDAQ:NTES) – Analysts at Credit Agricole SA issued their FY2016 earnings per share estimates for NetEase in a research note issued on Monday. Credit Agricole SA analyst M. Lam forecasts that the firm will post earnings of $10.57 per share for the year. Credit Agricole SA has a “Outperform” rating and a $272.00 price objective on the stock.
NetEase (NASDAQ:NTES) last posted its quarterly 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 return on equity of 31.47% and a net margin of 29.34%.
NTES has been the subject of a number of other research reports. Zacks Investment Research raised NetEase from a “hold” rating to a “buy” rating and set a $232.00 price objective for the company in a research report on Thursday, July 28th. Vetr downgraded NetEase from a “sell” rating to a “strong sell” rating and set a $210.98 price objective for the company. in a research report on Monday, September 19th. Brean Capital reaffirmed a “buy” rating on shares of NetEase in a research report on Tuesday, August 2nd. Finally, Macquarie lifted their price objective on NetEase from $256.00 to $280.00 and gave the company an “outperform” rating in a research report on Wednesday, September 28th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $221.08.
NetEase (NASDAQ:NTES) traded up 2.714% on Thursday, hitting $254.865. The stock had a trading volume of 698,739 shares. The firm has a market cap of $33.42 billion, a PE ratio of 24.382 and a beta of 1.04. The company’s 50 day moving average is $228.69 and its 200 day moving average is $183.24. NetEase has a 12-month low of $126.62 and a 12-month high of $256.74.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Aviva PLC boosted its position in NetEase by 7.3% in the first quarter. Aviva PLC now owns 5,900 shares of the company’s stock valued at $847,000 after buying an additional 400 shares during the period. ING Groep NV acquired a new position in NetEase during the first quarter valued at approximately $1,553,000. NN Investment Partners Holdings N.V. acquired a new position in NetEase during the first quarter valued at approximately $398,000. JPMorgan Chase & Co. boosted its position in NetEase by 3.2% in the first quarter. JPMorgan Chase & Co. now owns 617,550 shares of the company’s stock valued at $88,668,000 after buying an additional 19,169 shares during the period. Finally, BlackRock Japan Co. Ltd boosted its position in 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. Institutional investors and hedge funds own 59.71% of the company’s stock.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 9th. Investors of record on Wednesday, August 31st were paid a $0.78 dividend. This is a boost from NetEase’s previous quarterly dividend of $0.73. The ex-dividend date of this dividend was Monday, August 29th. This represents a $3.12 annualized dividend and a dividend yield of 1.26%. NetEase’s payout ratio is 25.14%.
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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