NetEase, Inc. (NASDAQ:NTES) Receives $117.14 Average Price Target from Analysts

Shares of NetEase, Inc. (NASDAQ:NTES) have received an average recommendation of “Moderate Buy” from the eight analysts that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $119.38.

NTES has been the topic of a number of recent research reports. Benchmark lifted their price target on NetEase from $105.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, February 21st. JPMorgan Chase & Co. raised their price objective on shares of NetEase from $120.00 to $135.00 and gave the company an “overweight” rating in a report on Monday, May 19th. Wall Street Zen raised shares of NetEase from a “buy” rating to a “strong-buy” rating in a report on Thursday. Barclays upped their price target on shares of NetEase from $104.00 to $118.00 and gave the company an “equal weight” rating in a research report on Friday, May 16th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of NetEase in a report on Monday, May 12th. They set a “buy” rating and a $130.00 price target on the stock.

Institutional Investors Weigh In On NetEase

A number of institutional investors have recently modified their holdings of NTES. Kayne Anderson Rudnick Investment Management LLC acquired a new position in NetEase in the first quarter valued at $26,000. Mather Group LLC. raised its position in shares of NetEase by 1,415.0% in the 1st quarter. Mather Group LLC. now owns 303 shares of the technology company’s stock worth $31,000 after acquiring an additional 283 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in shares of NetEase by 81.7% in the 4th quarter. Farther Finance Advisors LLC now owns 338 shares of the technology company’s stock valued at $30,000 after purchasing an additional 152 shares during the period. Brooklyn Investment Group bought a new stake in shares of NetEase during the 4th quarter valued at about $34,000. Finally, UMB Bank n.a. boosted its position in shares of NetEase by 33.3% during the 4th quarter. UMB Bank n.a. now owns 444 shares of the technology company’s stock valued at $40,000 after purchasing an additional 111 shares in the last quarter. 11.07% of the stock is owned by institutional investors.

NetEase Stock Performance

Shares of NASDAQ:NTES opened at $119.75 on Friday. NetEase has a 52-week low of $75.85 and a 52-week high of $123.56. The company has a market capitalization of $75.87 billion, a PE ratio of 18.80, a price-to-earnings-growth ratio of 3.37 and a beta of 0.66. The company has a fifty day moving average of $104.37 and a 200-day moving average of $98.47.

NetEase (NASDAQ:NTES) last issued its quarterly earnings data on Thursday, February 20th. The technology company reported $1.87 earnings per share for the quarter, topping analysts’ consensus estimates of $1.73 by $0.14. NetEase had a return on equity of 22.12% and a net margin of 28.17%. The business had revenue of $3.66 billion for the quarter, compared to analyst estimates of $27.16 billion. On average, equities analysts forecast that NetEase will post 6.91 EPS for the current fiscal year.

NetEase Announces Dividend

The company also recently declared a dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be given a $0.675 dividend. The ex-dividend date of this dividend is Friday, May 30th. NetEase’s dividend payout ratio (DPR) is currently 38.85%.

NetEase Company Profile

NetEase, Inc engages in online games, music streaming, online intelligent learning services, and internet content services businesses in China and internationally . The company operates through Games and Related Value-Added Services, Youdao, Cloud Music, and Innovative Businesses and Others segments.