NetEase Inc. (NTES) Sets New 1-Year High at $218.77
NetEase Inc. (NASDAQ:NTES) shares reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $218.77 and last traded at $217.71, with a volume of 795,840 shares traded. The stock had previously closed at $208.49.
NTES has been the topic of several research reports. Credit Suisse Group AG initiated coverage on NetEase in a report on Friday, August 19th. They set a “neutral” rating and a $230.00 price objective on the stock. Zacks Investment Research raised NetEase from a “hold” rating to a “strong-buy” rating and set a $186.00 price objective on the stock in a report on Tuesday, May 17th. Deutsche Bank AG upped 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. Vetr downgraded NetEase from a “buy” rating to a “hold” rating and set a $212.23 price objective on the stock. in a report on Monday, August 15th. Finally, Brean Capital initiated coverage on NetEase in a report on Monday, July 18th. They set a “buy” rating and a $235.00 price objective on the stock. Two analysts have rated the stock with a sell rating, three have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $193.16.
The stock has a market capitalization of $28.49 billion and a price-to-earnings ratio of 20.61. The company’s 50 day moving average price is $202.02 and its 200-day moving average price is $165.17.
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 analysts’ consensus estimates of $2.61 by $1.06. On average, equities analysts expect that NetEase Inc. will post $12.02 earnings per share 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 paid a dividend of $0.78 per share. The ex-dividend date is Monday, August 29th. This is a positive change from NetEase’s previous quarterly dividend of $0.73. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.50%.
A hedge fund recently raised its stake in NetEase stock. BNP Paribas Arbitrage SA increased its position in NetEase Inc. (NASDAQ:NTES) by 533.9% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 83,128 shares of the company’s stock after buying an additional 70,015 shares during the period. BNP Paribas Arbitrage SA owned about 0.06% of NetEase worth $15,066,000 as of its most recent SEC filing.
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.