Traders Sell NetEase Inc. (NTES) on Strength (NTES)
Investors sold shares of NetEase Inc. (NASDAQ:NTES) on strength during trading on Friday. $68.14 million flowed into the stock on the tick-up and $84.70 million flowed out of the stock on the tick-down, for a money net flow of $16.56 million out of the stock. Of all companies tracked, NetEase had the 0th highest net out-flow for the day. NetEase traded up $2.12 for the day and closed at $209.74
Several brokerages have commented on NTES. Credit Suisse Group AG began coverage on NetEase in a report on Friday. They set a “neutral” rating and a $230.00 price target on the stock. Zacks Investment Research upgraded NetEase from a “hold” rating to a “buy” rating and set a $232.00 price target on the stock in a report on Thursday, July 28th. Vetr downgraded NetEase from a “buy” rating to a “hold” rating and set a $212.23 price target on the stock. in a report on Monday, August 15th. Brean Capital reiterated a “buy” rating on shares of NetEase in a report on Tuesday, August 2nd. Finally, Deutsche Bank AG increased their price target on NetEase from $190.00 to $207.00 and gave the company a “buy” rating in a report on Friday, June 24th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the stock. NetEase presently has an average rating of “Buy” and an average target price of $192.30.
The stock has a market capitalization of $27.60 billion and a PE ratio of 23.22. The company has a 50-day moving average of $199.57 and a 200 day moving average of $163.38.
NetEase (NASDAQ:NTES) last released its earnings results on Wednesday, August 17th. The company reported $3.67 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.61 by $1.06. Equities analysts predict that NetEase Inc. will post $11.50 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 9th. Shareholders of record on Wednesday, August 31st will be paid a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 1.49%. This is an increase from NetEase’s previous quarterly dividend of $0.73.
Several large investors recently made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of NetEase during the fourth quarter worth about $5,981,000. Airain ltd boosted its stake in shares of NetEase by 394.0% in the fourth quarter. Airain ltd now owns 15,535 shares of the company’s stock worth $2,816,000 after buying an additional 12,390 shares in the last quarter. BNP Paribas Arbitrage SA boosted its stake in shares of NetEase by 533.9% in the fourth quarter. BNP Paribas Arbitrage SA now owns 83,128 shares of the company’s stock worth $15,066,000 after buying an additional 70,015 shares in the last quarter. Trexquant Investment LP boosted its stake in shares of NetEase by 92.8% in the fourth quarter. Trexquant Investment LP now owns 10,410 shares of the company’s stock worth $1,887,000 after buying an additional 5,010 shares in the last quarter. Finally, Principal Financial Group Inc. bought a new stake in shares of NetEase during the fourth quarter worth about $21,656,000.
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.
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