ValuEngine downgraded shares of NetEase, Inc. (NASDAQ:NTES) from a buy rating to a hold rating in a report published on Friday.

Other analysts have also recently issued reports about the company. BidaskClub cut NetEase from a buy rating to a hold rating in a report on Wednesday, August 16th. Zacks Investment Research cut NetEase from a hold rating to a strong sell rating in a report on Wednesday, August 16th. Vetr cut NetEase from a strong-buy rating to a buy rating and set a $318.49 price target for the company. in a report on Monday, May 22nd. Standpoint Research cut NetEase from a buy rating to a reduce rating and increased their price target for the stock from $345.00 to $360.00 in a report on Wednesday, June 7th. Finally, Jefferies Group LLC reiterated a buy rating and set a $330.00 price target on shares of NetEase in a report on Monday, May 22nd. Four equities research analysts have rated the stock with a sell rating, five have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. NetEase presently has a consensus rating of Hold and a consensus target price of $306.40.

Shares of NetEase (NASDAQ:NTES) opened at 269.89 on Friday. The company has a 50-day moving average price of $292.23 and a 200-day moving average price of $289.75. The company has a market capitalization of $35.57 billion, a P/E ratio of 17.89 and a beta of 0.96. NetEase has a 12 month low of $208.02 and a 12 month high of $337.55.

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The company also recently announced a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Friday, August 25th were paid a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 1.23%. The ex-dividend date of this dividend was Wednesday, August 23rd. NetEase’s payout ratio is 25.07%.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. lifted its stake in NetEase by 1,571.4% during the 1st quarter. BlackRock Inc. now owns 5,039,176 shares of the technology company’s stock worth $1,431,127,000 after acquiring an additional 4,737,686 shares in the last quarter. Credit Agricole S A lifted its stake in NetEase by 19.2% during the 1st quarter. Credit Agricole S A now owns 4,395,661 shares of the technology company’s stock worth $1,248,368,000 after acquiring an additional 709,148 shares in the last quarter. Renaissance Technologies LLC lifted its stake in NetEase by 20.1% during the 2nd quarter. Renaissance Technologies LLC now owns 2,726,000 shares of the technology company’s stock worth $819,517,000 after acquiring an additional 456,300 shares in the last quarter. Orbis Allan Gray Ltd lifted its stake in NetEase by 17.9% during the 2nd quarter. Orbis Allan Gray Ltd now owns 2,459,381 shares of the technology company’s stock worth $739,364,000 after acquiring an additional 372,510 shares in the last quarter. Finally, FMR LLC lifted its stake in NetEase by 63.3% during the 2nd quarter. FMR LLC now owns 2,170,611 shares of the technology company’s stock worth $652,551,000 after acquiring an additional 841,692 shares in the last quarter. 50.38% of the stock is currently owned by hedge funds and other institutional investors.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for NetEase (NASDAQ:NTES)

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