NetEase Inc. (NTES) Stock Price Down 1.4%
NetEase Inc. (NASDAQ:NTES)’s share price traded down 1.4% during trading on Monday . The company traded as low as $213.86 and last traded at $214.70, with a volume of 608,227 shares. The stock had previously closed at $217.71.
A number of equities analysts recently commented on the stock. Zacks Investment Research raised shares of NetEase from a “hold” rating to a “strong-buy” rating and set a $244.00 price target for the company in a research note on Tuesday, August 23rd. Credit Suisse Group AG assumed coverage on shares of NetEase in a research note on Friday, August 19th. They set a “neutral” rating and a $230.00 price target for the company. Vetr cut shares of NetEase from a “buy” rating to a “hold” rating and set a $212.23 price target for the company. in a research note on Monday, August 15th. Brean Capital reaffirmed a “buy” rating on shares of NetEase in a research note on Tuesday, August 2nd. Finally, Deutsche Bank AG lifted their price target 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 analysts have rated the stock with a sell rating, three have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $193.16.
The company has a market capitalization of $28.00 billion and a P/E ratio of 20.26. The stock’s 50 day moving average is $202.84 and its 200-day moving average is $165.78.
NetEase (NASDAQ:NTES) last issued its earnings results on Wednesday, August 17th. The company reported $3.67 EPS for the quarter, topping the consensus estimate of $2.61 by $1.06. Equities analysts anticipate that NetEase Inc. will post $12.11 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 9th. Investors of record on Wednesday, August 31st will be given a $0.78 dividend. 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 dividend yield of 1.46%.
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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