NetEase Inc. (NTES) Now Covered by Jefferies Group
Equities research analysts at Jefferies Group assumed coverage on shares of NetEase Inc. (NASDAQ:NTES) in a research report issued to clients and investors on Thursday. The firm set a “hold” rating and a $245.00 price target on the stock. Jefferies Group’s target price indicates a potential upside of 1.75% from the company’s current price.
NTES has been the subject of a number of other research reports. Zacks Investment Research raised NetEase from a “hold” rating to a “buy” rating and set a $232.00 target price for the company in a report on Thursday, July 28th. Vetr lowered NetEase from a “sell” rating to a “strong sell” rating and set a $210.98 target price for the company. in a report on Monday, September 19th. Brean Capital reissued a “buy” rating on shares of NetEase in a report on Tuesday, August 2nd. Macquarie boosted their price objective on NetEase from $256.00 to $280.00 and gave the stock an “outperform” rating in a report on Wednesday, September 28th. Finally, Deutsche Bank AG boosted their price objective on NetEase from $190.00 to $207.00 and gave the stock a “buy” rating in a report on Friday, June 24th. Three analysts have rated the stock with a sell rating, three have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $213.52.
NetEase (NASDAQ:NTES) opened at 240.78 on Thursday. The company has a market capitalization of $31.57 billion, a P/E ratio of 23.03 and a beta of 1.03. The company’s 50-day moving average is $225.52 and its 200 day moving average is $180.89. NetEase has a one year low of $121.02 and a one year high of $254.48.
NetEase (NASDAQ:NTES) last posted its earnings results on Wednesday, August 17th. The company reported $3.67 earnings per share 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%. Analysts predict that NetEase will post $12.52 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 9th. Shareholders of record on Wednesday, August 31st were given a $0.78 dividend. The ex-dividend date was Monday, August 29th. This represents a $3.12 annualized dividend and a yield of 1.30%. This is an increase from NetEase’s previous quarterly dividend of $0.73. NetEase’s payout ratio is presently 25.14%.
A number of hedge funds have recently made changes to their positions in the stock. 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. Aperio Group LLC increased its stake in shares of NetEase by 10.5% in the first quarter. Aperio Group LLC now owns 33,927 shares of the company’s stock valued at $4,871,000 after buying an additional 3,211 shares during the last quarter. Virginia Retirement System bought a new stake in shares of NetEase during the first quarter valued at $1,450,000. CIBC World Markets Inc. bought a new stake in shares of NetEase during the first quarter valued at $316,000. Finally, Cabot Wealth Management Inc. bought a new stake in shares of NetEase during the first quarter valued at $3,908,000. Hedge funds and other institutional investors own 59.71% of the company’s stock.
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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