Shares of NetEase Inc. (NASDAQ:NTES) have received an average rating of “Buy” from the sixteen analysts that are presently covering the firm. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $247.78.

A number of research firms have weighed in on NTES. Brean Capital lifted their price objective on shares of NetEase from $235.00 to $310.00 and gave the company a “buy” rating in a report on Thursday, November 10th. Credit Agricole SA raised shares of NetEase from an “underperform” rating to an “outperform” rating and set a $272.00 price objective for the company in a report on Monday, October 3rd. Morgan Stanley lifted their price objective on shares of NetEase from $195.00 to $233.00 and gave the company an “overweight” rating in a report on Thursday, November 10th. Jefferies Group began coverage on shares of NetEase in a report on Thursday, September 29th. They issued a “hold” rating and a $245.00 price objective for the company. Finally, Vetr raised shares of NetEase from a “strong sell” rating to a “sell” rating and set a $218.71 price objective for the company in a report on Monday, September 26th.

Several hedge funds have recently added to or reduced their stakes in the company. Handelsbanken Fonder AB boosted 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 in the last quarter. NN Investment Partners Holdings N.V. boosted its stake in shares of NetEase by 551.6% in the second quarter. NN Investment Partners Holdings N.V. now owns 18,074 shares of the company’s stock valued at $3,492,000 after buying an additional 15,300 shares in the last quarter. Creative Planning boosted its stake in shares of NetEase by 35.7% in the second quarter. Creative Planning now owns 7,986 shares of the company’s stock valued at $1,543,000 after buying an additional 2,100 shares in the last quarter. Svenska Handelsbanken AB publ boosted its stake in shares of NetEase by 21.0% in the second quarter. Svenska Handelsbanken AB publ now owns 7,500 shares of the company’s stock valued at $1,449,000 after buying an additional 1,300 shares in the last quarter. Finally, Gulf International Bank UK Ltd boosted its stake in shares of NetEase by 105.3% in the second quarter. Gulf International Bank UK Ltd now owns 19,500 shares of the company’s stock valued at $3,767,000 after buying an additional 10,000 shares in the last quarter. 59.29% of the stock is owned by institutional investors and hedge funds.

NetEase (NASDAQ:NTES) opened at 230.13 on Monday. NetEase has a one year low of $129.60 and a one year high of $272.58. The company has a 50 day moving average of $0.00 and a 200-day moving average of $0.00.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 2nd. Stockholders of record on Friday, November 25th will be paid a dividend of $0.78 per share. The ex-dividend date of this dividend is Tuesday, November 22nd. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.36%. NetEase’s dividend payout ratio is currently 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.

5 Day Chart for NASDAQ:NTES

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