NetEase Inc. (NTES) Reaches New 52-Week High at $218.77
NetEase Inc. (NASDAQ:NTES) shares hit a new 52-week high on Friday . The company traded as high as $218.77 and last traded at $217.71, with a volume of 795,840 shares trading hands. The stock had previously closed at $208.49.
A number of research analysts recently weighed in on the stock. Brean Capital reaffirmed a “buy” rating on shares of NetEase in a research note on Tuesday, August 2nd. Vetr lowered shares of NetEase from a “buy” rating to a “hold” rating and set a $212.23 price target on the stock. in a research note on Monday, August 15th. Zacks Investment Research raised shares of NetEase from a “hold” rating to a “buy” rating and set a $232.00 price target on the stock in a research note on Thursday, July 28th. Nomura raised shares of NetEase from a “neutral” rating to a “buy” rating and raised their target price for the stock from $174.00 to $194.00 in a research note on Thursday, May 12th. Finally, Deutsche Bank AG raised their target price on shares of NetEase from $190.00 to $207.00 and gave the stock a “buy” rating in a research note on Friday, June 24th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $193.16.
The stock has a 50 day moving average price of $202.84 and a 200 day moving average price of $165.78. The stock has a market capitalization of $28.55 billion and a price-to-earnings ratio of 20.65.
NetEase (NASDAQ:NTES) last issued its earnings results on Wednesday, August 17th. The company reported $3.67 earnings per share for the quarter, topping the consensus estimate of $2.61 by $1.06. Analysts forecast that NetEase Inc. will post $12.11 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 9th. Shareholders of record on Wednesday, August 31st will be given a dividend of $0.78 per share. This is a positive change from NetEase’s previous quarterly dividend of $0.73. The ex-dividend date of this dividend is Monday, August 29th. This represents a $3.12 annualized dividend and a yield of 1.43%.
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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