NetEase Inc. (NASDAQ:NTES)‘s stock had its “hold” rating reiterated by analysts at Jefferies Group in a report issued on Thursday. They presently have a $245.00 price objective on the stock. Jefferies Group’s price target points to a potential downside of 2.72% from the stock’s current price.

The analysts wrote, “NetEase Inc Receives a Hold from Jefferies | Analyst Ratings

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Home » NetEase Inc Receives a Hold from Jefferies”

Other analysts also recently issued reports about the stock. Brean Capital reissued a “buy” rating on shares of NetEase in a research note on Tuesday, August 2nd. Zacks Investment Research downgraded shares of NetEase from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 27th. Vetr downgraded shares of NetEase from a “buy” rating to a “hold” rating and set a $212.23 price target on the stock. in a research note on Monday, August 15th. Finally, Macquarie upped their price target on shares of NetEase from $256.00 to $280.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 28th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $235.37.

Analyst Recommendations for NetEase (NASDAQ:NTES)

NetEase (NASDAQ:NTES) opened at 251.86 on Thursday. The company has a 50 day moving average price of $0.00 and a 200 day moving average price of $0.00. NetEase has a 1-year low of $129.60 and a 1-year high of $272.58.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 2nd. Investors of record on Friday, November 25th will be paid a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 1.24%. NetEase’s payout ratio is presently 25.14%.

Several large investors have recently added to or reduced their stakes in NTES. AXA boosted its stake in NetEase by 60.0% in the second quarter. AXA now owns 800 shares of the company’s stock valued at $155,000 after buying an additional 300 shares during the last quarter. Nippon Life Insurance Co. boosted its stake in NetEase by 8.9% in the third quarter. Nippon Life Insurance Co. now owns 783 shares of the company’s stock valued at $189,000 after buying an additional 64 shares during the last quarter. Advisor Group Inc. bought a new stake in NetEase during the second quarter valued at $200,000. Oasis Management Co Ltd. bought a new stake in NetEase during the first quarter valued at $201,000. Finally, GRATRY & Co LLC bought a new stake in NetEase during the third quarter valued at $203,000. Institutional investors and hedge funds own 59.38% 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.

5 Day Chart for NASDAQ:NTES

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