NetEase Inc. Expected to Post Q4 2016 Earnings of $4.01 Per Share (NTES)
NetEase Inc. (NASDAQ:NTES) – Stock analysts at Jefferies Group issued their Q4 2016 earnings per share estimates for shares of NetEase in a note issued to investors on Thursday. Jefferies Group analyst K. Chan expects that the firm will post earnings per share of $4.01 for the quarter. Jefferies Group currently has a “Hold” rating and a $245.00 price target on the stock. Jefferies Group also issued estimates for NetEase’s Q1 2017 earnings at $3.94 EPS, Q2 2017 earnings at $3.91 EPS, Q3 2017 earnings at $4.09 EPS and Q4 2017 earnings at $4.33 EPS.
NTES has been the topic of a number of other research reports. Zacks Investment Research raised shares of NetEase from a “hold” rating to a “buy” rating and set a $232.00 price objective on the stock in a report on Thursday, July 28th. Vetr lowered shares of NetEase from a “sell” rating to a “strong sell” rating and set a $210.98 price objective on the stock. in a report on Monday, September 19th. Morgan Stanley increased their price objective on shares of NetEase from $195.00 to $233.00 and gave the stock an “overweight” rating in a report on Thursday, November 10th. Brean Capital raised their target price on shares of NetEase from $235.00 to $310.00 and gave the company a “buy” rating in a research note on Thursday, November 10th. Finally, T.H. Capital reaffirmed a “buy” rating and issued a $297.00 target price (up previously from $227.00) on shares of NetEase in a research note on Thursday, October 13th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. NetEase presently has a consensus rating of “Buy” and a consensus target price of $247.53.
NetEase (NASDAQ:NTES) opened at 228.10 on Monday. NetEase has a 12 month low of $129.60 and a 12 month high of $272.58. The company’s 50-day moving average is $0.00 and its 200-day moving average is $0.00.
Hedge funds have recently made changes to their positions in the stock. Coronation Fund Managers Ltd. purchased a new stake in shares of NetEase during the second quarter worth $137,565,000. State Street Corp increased its stake 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 stake 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. BlackRock Fund Advisors increased its stake 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. Finally, BlackRock Group LTD increased its stake in shares of NetEase by 67.4% in the second quarter. BlackRock Group LTD now owns 999,199 shares of the company’s stock valued at $193,066,000 after buying an additional 402,171 shares during the period. Institutional investors and hedge funds own 59.29% of the company’s stock.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 2nd. Investors of record on Friday, November 25th will be given a $0.78 dividend. The ex-dividend date is Tuesday, November 22nd. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.37%. NetEase’s dividend payout ratio is 23.26%.
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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