NetEase Inc. (NTES) Stock Price Up 2.3%
NetEase Inc. (NASDAQ:NTES)’s share price shot up 2.3% on Thursday . The stock traded as high as $217.08 and last traded at $216.87, with a volume of 830,676 shares. The stock had previously closed at $211.97.
A number of equities research analysts have issued reports on the stock. Brean Capital restated a “buy” rating on shares of NetEase in a report on Wednesday. Zacks Investment Research raised shares of NetEase from a “hold” rating to a “strong-buy” rating and set a $244.00 price target on the stock in a report on Tuesday, August 23rd. Credit Suisse Group AG assumed coverage on shares of NetEase in a report on Friday, August 19th. They set a “neutral” rating and a $230.00 price target on the stock. Vetr downgraded shares of NetEase from a “buy” rating to a “hold” rating and set a $212.23 target price on the stock. in a research report on Monday, August 15th. Finally, 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 report on Friday, June 24th. Two analysts have rated the stock with a sell rating, three have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $193.16.
The firm has a market cap of $28.18 billion and a P/E ratio of 20.53. The company has a 50-day moving average price of $205.59 and a 200-day moving average price of $168.27.
NetEase (NASDAQ:NTES) last released its quarterly earnings results on Wednesday, August 17th. The company reported $3.67 earnings per share for the quarter, topping analysts’ consensus estimates of $2.61 by $1.06. Equities analysts anticipate that NetEase Inc. will post $12.11 earnings per share for the current year.
The firm also recently declared 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. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.45%. This is an increase from NetEase’s previous quarterly dividend of $0.73. The ex-dividend date is Monday, August 29th.
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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