NetEase (NASDAQ:NTES) had its price objective raised by Citigroup from $301.00 to $326.00 in a research report sent to investors on Friday, BenzingaRatingsTable reports. They currently have a buy rating on the technology company’s stock.

Several other equities analysts also recently commented on the company. BidaskClub raised NetEase from a strong sell rating to a sell rating in a research report on Monday, August 12th. Barclays lifted their price target on NetEase from $300.00 to $320.00 and gave the stock an overweight rating in a report on Monday, May 20th. Zacks Investment Research upgraded NetEase from a hold rating to a buy rating and set a $238.00 price target for the company in a research note on Thursday, August 8th. China Renaissance Securities raised NetEase from a hold rating to a buy rating in a report on Thursday, May 16th. Finally, Goldman Sachs Group cut NetEase from a buy rating to a neutral rating in a research report on Sunday, August 11th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have issued a buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus target price of $287.21.

Shares of NTES opened at $280.34 on Friday. NetEase has a 52 week low of $184.60 and a 52 week high of $289.68. The firm has a market cap of $36.82 billion, a P/E ratio of 40.81, a price-to-earnings-growth ratio of 0.83 and a beta of 0.83. The firm’s 50-day simple moving average is $247.43 and its 200 day simple moving average is $253.44.

NetEase (NASDAQ:NTES) last issued its quarterly earnings data on Wednesday, August 7th. The technology company reported $3.44 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.29 by $1.15. NetEase had a net margin of 11.86% and a return on equity of 18.39%. The firm had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.73 billion. Analysts anticipate that NetEase will post 10.28 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 23rd were given a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a dividend yield of 1.48%. This is an increase from NetEase’s previous quarterly dividend of $0.69. The ex-dividend date of this dividend was Thursday, August 22nd. NetEase’s payout ratio is presently 60.41%.

Several hedge funds have recently modified their holdings of NTES. Coatue Management LLC bought a new position in NetEase during the 2nd quarter worth $209,549,000. Genesis Asset Managers LLP acquired a new stake in shares of NetEase during the 2nd quarter worth $194,253,000. Lazard Asset Management LLC increased its position in shares of NetEase by 15.1% in the first quarter. Lazard Asset Management LLC now owns 3,958,410 shares of the technology company’s stock worth $955,757,000 after purchasing an additional 518,036 shares during the period. Acadian Asset Management LLC increased its position in shares of NetEase by 350.3% in the second quarter. Acadian Asset Management LLC now owns 457,940 shares of the technology company’s stock worth $117,127,000 after purchasing an additional 356,243 shares during the period. Finally, UBS Asset Management Americas Inc. increased its position in shares of NetEase by 14.0% in the second quarter. UBS Asset Management Americas Inc. now owns 1,884,467 shares of the technology company’s stock worth $481,990,000 after purchasing an additional 231,581 shares during the period. Institutional investors and hedge funds own 45.70% of the company’s stock.

About NetEase

NetEase, Inc operates an interactive online community in the People's Republic of China. The company operates in four segments: Online Games Services, E-Commerce, Advertising Services, and Innovative Businesses and Other Services. It offers various games in a range of genres through mobile devices and PCs, including role-playing games, MMORPGs, battle arena games, simulation games, collectible card games, first-person shooter games, sandbox games, and other types of games to the Chinese market.

See Also: Trading on Margin

Analyst Recommendations for NetEase (NASDAQ:NTES)

Receive News & Ratings for NetEase Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NetEase and related companies with MarketBeat.com's FREE daily email newsletter.