Brokerages Set NetEase, Inc. (NASDAQ:NTES) PT at $153.89

Shares of NetEase, Inc. (NASDAQ:NTES) have earned an average rating of “Moderate Buy” from the eleven ratings firms that are covering the company, Marketbeat reports. Three analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $153.8889.

NTES has been the topic of several recent analyst reports. Citigroup restated a “buy” rating on shares of NetEase in a research report on Wednesday, February 11th. Nomura reduced their price target on shares of NetEase from $160.00 to $155.00 and set a “buy” rating for the company in a research report on Friday, February 13th. Wall Street Zen lowered NetEase from a “buy” rating to a “hold” rating in a research note on Sunday, November 23rd. Sanford C. Bernstein set a $155.00 price target on NetEase in a report on Friday, November 21st. Finally, Benchmark reaffirmed a “buy” rating on shares of NetEase in a research note on Thursday, February 12th.

NetEase Stock Down 0.6%

NASDAQ:NTES opened at $118.87 on Friday. NetEase has a fifty-two week low of $88.54 and a fifty-two week high of $159.55. The stock has a market cap of $75.31 billion, a PE ratio of 16.19, a price-to-earnings-growth ratio of 1.52 and a beta of 0.74. The firm’s fifty day simple moving average is $125.23 and its 200-day simple moving average is $136.91.

NetEase Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Monday, March 16th will be issued a $1.16 dividend. This represents a $4.64 annualized dividend and a yield of 3.9%. This is a positive change from NetEase’s previous quarterly dividend of $0.57. The ex-dividend date of this dividend is Monday, March 16th. NetEase’s dividend payout ratio is currently 63.08%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Cornerstone Planning Group LLC purchased a new stake in shares of NetEase in the 3rd quarter worth about $33,000. Steigerwald Gordon & Koch Inc. purchased a new position in NetEase during the 3rd quarter valued at about $38,000. First Horizon Corp acquired a new position in NetEase during the third quarter worth about $45,000. Mather Group LLC. acquired a new position in NetEase during the third quarter worth about $46,000. Finally, Atlas Capital Advisors Inc. purchased a new stake in shares of NetEase in the fourth quarter valued at about $47,000. Institutional investors and hedge funds own 11.07% of the company’s stock.

NetEase Company Profile

NetEase, Inc (NASDAQ: NTES) is a Chinese technology company headquartered in Hangzhou that develops and operates Internet services and products. Founded in 1997 by William Ding (Ding Lei), the company has grown from an early web portal and e-mail provider into a diversified online services group. William Ding has served as the company’s founder and long-time leader, guiding its expansion into games, digital content and consumer services.

The company’s primary business is interactive entertainment: NetEase Games designs, develops and publishes PC and mobile games for domestic and international audiences, offering a mix of self-developed franchises and titles published under licensing and strategic partnerships.