Traders Sell NetEase Inc. (NTES) on Strength (NTES)
Investors sold shares of NetEase Inc. (NASDAQ:NTES) on strength during trading hours on Friday. $68.14 million flowed into the stock on the tick-up and $84.70 million flowed out of the stock on the tick-down, for a money net flow of $16.56 million out of the stock. Of all stocks tracked, NetEase had the 0th highest net out-flow for the day. NetEase traded up $2.12 for the day and closed at $209.74
A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research raised shares of NetEase from a “hold” rating to a “strong-buy” rating and set a $186.00 target price for the company in a research report on Tuesday, May 17th. Brean Capital assumed coverage on shares of NetEase in a research report on Monday, July 18th. They issued a “buy” rating and a $235.00 target price for the company. Deutsche Bank AG boosted their target price on shares of NetEase from $190.00 to $207.00 and gave the company a “buy” rating in a research report on Friday, June 24th. Nomura raised shares of NetEase from a “neutral” rating to a “buy” rating and boosted their target price for the company from $174.00 to $194.00 in a research report on Thursday, May 12th. Finally, Vetr cut shares of NetEase from a “buy” rating to a “hold” rating and set a $212.23 target price for the company. in a research report on Monday, August 15th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the company. NetEase currently has an average rating of “Buy” and a consensus price target of $192.30.
The firm has a market capitalization of $27.50 billion and a PE ratio of 20.00. The company has a 50-day moving average of $199.57 and a 200 day moving average of $163.38.
NetEase (NASDAQ:NTES) last released its quarterly earnings results on Wednesday, August 17th. The company reported $3.67 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.61 by $1.06. On average, analysts forecast that NetEase Inc. will post $11.89 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 9th. Shareholders of record on Wednesday, August 31st will be issued a $0.78 dividend. This is an increase from NetEase’s previous quarterly dividend of $0.73. This represents a $3.12 annualized dividend and a yield of 1.49%.
A number of large investors recently added to or reduced their stakes in NTES. Connor Clark & Lunn Investment Management Ltd. bought a new stake in NetEase during the fourth quarter valued at approximately $5,981,000. Airain ltd increased its stake in NetEase by 394.0% in the fourth quarter. Airain ltd now owns 15,535 shares of the company’s stock valued at $2,816,000 after buying an additional 12,390 shares during the period. BNP Paribas Arbitrage SA increased its stake in NetEase by 533.9% in the fourth quarter. BNP Paribas Arbitrage SA now owns 83,128 shares of the company’s stock valued at $15,066,000 after buying an additional 70,015 shares during the period. Trexquant Investment LP increased its stake in NetEase by 92.8% in the fourth quarter. Trexquant Investment LP now owns 10,410 shares of the company’s stock valued at $1,887,000 after buying an additional 5,010 shares during the period. Finally, Principal Financial Group Inc. bought a new stake in NetEase during the fourth quarter valued at approximately $21,656,000.
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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