Credit Agricole SA Comments on NetEase Inc.’s FY2016 Earnings (NTES)
NetEase Inc. (NASDAQ:NTES) – Credit Agricole SA issued their FY2016 earnings per share (EPS) estimates for NetEase in a report issued on Monday. Credit Agricole SA analyst M. Lam expects that the brokerage will post earnings of $10.57 per share for the year. Credit Agricole SA currently has a “Outperform” rating and a $272.00 price target on the stock.
Several other equities analysts also recently weighed in on NTES. Vetr downgraded shares of NetEase from a “sell” rating to a “strong sell” rating and set a $210.98 target price for the company. in a research note on Monday, September 19th. Deutsche Bank AG lifted 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. Brean Capital reiterated a “buy” rating on shares of NetEase in a research note on Tuesday, August 2nd. Credit Suisse Group AG started coverage on shares of NetEase in a research note on Friday, August 19th. They issued a “neutral” rating and a $230.00 target price for the company. Finally, 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. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $221.08.
Shares of NetEase (NASDAQ:NTES) traded up 2.714% during trading on Thursday, reaching $254.865. 698,739 shares of the company traded hands. NetEase has a 12-month low of $126.62 and a 12-month high of $256.74. The firm’s 50-day moving average is $228.69 and its 200-day moving average is $183.24. The stock has a market capitalization of $33.42 billion, a PE ratio of 24.382 and a beta of 1.04.
NetEase (NASDAQ:NTES) last issued its quarterly earnings data on Wednesday, August 17th. The company reported $3.67 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.61 by $1.06. NetEase had a net margin of 29.34% and a return on equity of 31.47%.
The business also recently declared a quarterly dividend, which was paid on Friday, September 9th. Shareholders of record on Wednesday, August 31st were paid a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date was Monday, August 29th. This is a boost from NetEase’s previous quarterly dividend of $0.73. NetEase’s payout ratio is currently 25.14%.
A number of institutional investors have recently added to or reduced their stakes in the company. Orbis Allan Gray Ltd acquired a new stake in shares of NetEase during the first quarter worth $1,449,733,000. Lazard Asset Management LLC raised its stake in shares of NetEase by 0.4% in the first quarter. Lazard Asset Management LLC now owns 5,028,755 shares of the company’s stock worth $722,028,000 after buying an additional 21,375 shares during the last quarter. Comgest Global Investors S.A.S. raised its stake in shares of NetEase by 0.4% in the second quarter. Comgest Global Investors S.A.S. now owns 2,921,119 shares of the company’s stock worth $564,418,000 after buying an additional 12,423 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of NetEase by 9.6% in the first quarter. Renaissance Technologies LLC now owns 2,187,700 shares of the company’s stock worth $314,110,000 after buying an additional 191,600 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. raised its stake in shares of NetEase by 39.1% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 1,837,876 shares of the company’s stock worth $355,114,000 after buying an additional 516,959 shares during the last quarter. 59.71% of the stock is owned by institutional investors and hedge funds.
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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