NetEase Inc. (NTES) Shares Down 2.7%
NetEase Inc. (NASDAQ:NTES) shares fell 2.7% on Tuesday . The stock traded as low as $241.10 and last traded at $242.39, with a volume of 945,541 shares trading hands. The stock had previously closed at $248.99.
Several brokerages have recently weighed in on NTES. Zacks Investment Research upgraded shares of NetEase from a “hold” rating to a “buy” rating and set a $232.00 target price for the company in a research note on Thursday, July 28th. Vetr downgraded shares of NetEase from a “sell” rating to a “strong sell” rating and set a $210.98 price objective on the stock. in a research note on Monday. Brean Capital reiterated a “buy” rating on shares of NetEase in a research note on Tuesday, August 2nd. Deutsche Bank AG increased their price objective on shares of NetEase from $190.00 to $207.00 and gave the company a “buy” rating in a research note on Friday, June 24th. Finally, Credit Suisse Group AG started coverage on shares of NetEase in a research note on Friday, August 19th. They set a “neutral” rating and a $230.00 price objective on the stock. Three analysts have rated the stock with a sell rating, two have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $197.54.
The stock has a market cap of $33.17 billion, a price-to-earnings ratio of 24.23 and a beta of 1.29. The firm has a 50 day moving average price of $216.56 and a 200-day moving average price of $176.00.
NetEase (NASDAQ:NTES) last released its quarterly earnings results on Wednesday, August 17th. The company reported $3.67 EPS for the quarter, beating the Zacks’ consensus estimate of $2.61 by $1.06. NetEase had a net margin of 29.34% and a return on equity of 31.47%. Equities analysts expect that NetEase Inc. will post $12.14 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 9th. Stockholders of record on Wednesday, August 31st were 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 was Monday, August 29th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.25%. NetEase’s dividend payout ratio (DPR) is currently 25.14%.
Several institutional investors have recently added to or reduced their stakes in NTES. 1st Global Advisors Inc. increased its stake in shares of NetEase by 2.6% in the second quarter. 1st Global Advisors Inc. now owns 1,950 shares of the company’s stock valued at $377,000 after buying an additional 49 shares during the last quarter. OLD National Bancorp IN increased its stake in shares of NetEase by 4.6% in the first quarter. OLD National Bancorp IN now owns 1,918 shares of the company’s stock valued at $275,000 after buying an additional 85 shares during the last quarter. Fulton Bank N.A. increased its stake in shares of NetEase by 4.7% in the second quarter. Fulton Bank N.A. now owns 2,852 shares of the company’s stock valued at $551,000 after buying an additional 129 shares during the last quarter. Norinchukin Bank The increased its stake in shares of NetEase by 9.1% in the second quarter. Norinchukin Bank The now owns 2,400 shares of the company’s stock valued at $464,000 after buying an additional 200 shares during the last quarter. Finally, Cardan Capital Partners LLC increased its stake in shares of NetEase by 1.4% in the second quarter. Cardan Capital Partners LLC now owns 20,576 shares of the company’s stock valued at $3,976,000 after buying an additional 278 shares during the last quarter. 59.71% of the stock is currently owned by institutional investors.
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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