Shares of NetEase, Inc. (NASDAQ:NTES) have received a consensus rating of “Hold” from the twenty ratings firms that are presently covering the firm, Marketbeat reports. Four research analysts have rated the stock with a sell recommendation, five have given a hold recommendation, ten have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $303.31.

A number of analysts have issued reports on the stock. BidaskClub raised shares of NetEase from a “hold” rating to a “buy” rating in a report on Thursday, August 10th. Vetr downgraded shares of NetEase from a “strong-buy” rating to a “buy” rating and set a $318.49 price objective for the company. in a report on Monday, May 22nd. Deutsche Bank AG reissued a “buy” rating and issued a $343.00 price objective (up previously from $300.00) on shares of NetEase in a report on Tuesday, July 25th. Zacks Investment Research raised shares of NetEase from a “hold” rating to a “strong-buy” rating and set a $346.00 price objective for the company in a report on Wednesday, July 12th. Finally, Standpoint Research downgraded shares of NetEase from a “buy” rating to a “reduce” rating and boosted their price objective for the company from $345.00 to $360.00 in a report on Wednesday, June 7th.

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NetEase (NASDAQ:NTES) traded up 0.96% during mid-day trading on Friday, hitting $271.07. 2,140,291 shares of the stock traded hands. NetEase has a 52 week low of $211.11 and a 52 week high of $337.55. The firm has a market cap of $35.73 billion, a P/E ratio of 17.78 and a beta of 0.96. The firm’s 50-day moving average price is $282.13 and its 200-day moving average price is $288.53.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Friday, August 25th were given a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date was Wednesday, August 23rd. NetEase’s dividend payout ratio is 25.07%.

Hedge funds have recently added to or reduced their stakes in the stock. Renaissance Group LLC increased its position in NetEase by 3.3% during the 2nd quarter. Renaissance Group LLC now owns 51,703 shares of the technology company’s stock worth $15,543,000 after purchasing an additional 1,656 shares in the last quarter. Geode Capital Management LLC increased its position in NetEase by 11.6% during the 1st quarter. Geode Capital Management LLC now owns 152,694 shares of the technology company’s stock worth $43,243,000 after purchasing an additional 15,931 shares in the last quarter. Morgan Stanley increased its position in NetEase by 14.4% during the 1st quarter. Morgan Stanley now owns 737,924 shares of the technology company’s stock worth $209,570,000 after purchasing an additional 93,057 shares in the last quarter. Invictus RG increased its position in NetEase by 64.2% during the 1st quarter. Invictus RG now owns 980 shares of the technology company’s stock worth $278,000 after purchasing an additional 383 shares in the last quarter. Finally, Canada Pension Plan Investment Board increased its position in NetEase by 13,818.2% during the 1st quarter. Canada Pension Plan Investment Board now owns 7,655 shares of the technology company’s stock worth $2,174,000 after purchasing an additional 7,600 shares in the last quarter. Institutional investors and hedge funds own 50.38% of the company’s stock.

About NetEase

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.

Analyst Recommendations for NetEase (NASDAQ:NTES)

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