NetEase Inc. (NTES) Stock Rating Lowered by Vetr Inc.
NetEase Inc. (NASDAQ:NTES) was downgraded by investment analysts at Vetr from a “sell” rating to a “strong sell” rating in a research report issued on Monday. They presently have a $210.98 price objective on the stock. Vetr‘s price objective indicates a potential downside of 13.58% from the stock’s current price.
Other analysts have also issued research reports about the company. Credit Suisse Group AG assumed coverage on NetEase in a report on Friday, August 19th. They issued a “neutral” rating and a $230.00 target price for the company. Zacks Investment Research raised NetEase from a “hold” rating to a “strong-buy” rating and set a $244.00 target price for the company in a report on Tuesday, August 23rd. Brean Capital reissued a “buy” rating on shares of NetEase in a report on Wednesday, August 31st. Finally, Deutsche Bank AG lifted their target price on NetEase from $190.00 to $207.00 and gave the stock a “buy” rating in a report on Friday, June 24th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $197.54.
Shares of NetEase (NASDAQ:NTES) opened at 244.14 on Monday. NetEase has a one year low of $110.65 and a one year high of $252.97. The company’s 50-day moving average price is $215.15 and its 200-day moving average price is $175.46. The stock has a market cap of $32.01 billion, a PE ratio of 23.38 and a beta of 1.29.
NetEase (NASDAQ:NTES) last announced its quarterly earnings data on Wednesday, August 17th. The company reported $3.67 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.61 by $1.06. NetEase had a return on equity of 31.47% and a net margin of 29.34%. Equities research analysts anticipate that NetEase will post $12.14 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 9th. Investors of record on Wednesday, August 31st were given a dividend of $0.78 per share. The ex-dividend date of this dividend was Monday, August 29th. This is an increase from NetEase’s previous quarterly dividend of $0.73. This represents a $3.12 annualized dividend and a yield of 1.28%. NetEase’s payout ratio is 25.14%.
Institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its position in NetEase by 20.1% in the first quarter. BlackRock Inc. now owns 330,505 shares of the company’s stock valued at $47,454,000 after buying an additional 55,375 shares during the period. Franklin Resources Inc. increased its position in NetEase by 138.2% in the first quarter. Franklin Resources Inc. now owns 566,006 shares of the company’s stock valued at $81,267,000 after buying an additional 328,400 shares during the period. Mckinley Capital Management LLC Delaware bought a new position in NetEase during the first quarter valued at $19,356,000. Cabot Wealth Management Inc. bought a new position in NetEase during the first quarter valued at $3,908,000. Finally, Pacad Investment Ltd. bought a new position in NetEase during the first quarter valued at $4,394,000. Institutional investors own 60.15% of the company’s stock.
NetEase Company Profile
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.
To view Vetr’s full report, visit Vetr’s official website.
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