NetEase Inc (NASDAQ:NTES) has received an average rating of “Hold” from the twenty brokerages that are currently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell rating, five have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $327.92.

A number of research firms have recently commented on NTES. BidaskClub cut shares of NetEase from a “sell” rating to a “strong sell” rating in a report on Friday. Barclays cut their price target on shares of NetEase from $275.00 to $260.00 and set a “hold” rating on the stock in a report on Thursday, August 30th. Zacks Investment Research upgraded shares of NetEase from a “sell” rating to a “hold” rating in a report on Tuesday, August 14th. TheStreet upgraded shares of NetEase from a “c+” rating to a “b” rating in a report on Friday, August 10th. Finally, ValuEngine cut shares of NetEase from a “sell” rating to a “strong sell” rating in a report on Friday, August 10th.

A number of institutional investors have recently modified their holdings of the business. Banco de Sabadell S.A bought a new stake in shares of NetEase in the 1st quarter valued at about $100,000. Tower Research Capital LLC TRC bought a new stake in shares of NetEase in the 2nd quarter valued at about $108,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of NetEase by 96.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 462 shares of the technology company’s stock valued at $117,000 after buying an additional 227 shares in the last quarter. Flagship Harbor Advisors LLC bought a new stake in shares of NetEase in the 2nd quarter valued at about $167,000. Finally, Verition Fund Management LLC bought a new stake in shares of NetEase in the 1st quarter valued at about $279,000. Institutional investors own 45.78% of the company’s stock.

Shares of NASDAQ NTES traded up $2.16 during mid-day trading on Friday, reaching $193.35. The company had a trading volume of 635,835 shares, compared to its average volume of 1,150,894. The stock has a market cap of $24.92 billion, a PE ratio of 15.46, a PEG ratio of 1.64 and a beta of 0.80. NetEase has a 52 week low of $188.72 and a 52 week high of $377.64.

NetEase (NASDAQ:NTES) last posted its quarterly earnings results on Wednesday, August 8th. The technology company reported $2.44 EPS for the quarter, topping the Zacks’ consensus estimate of $1.62 by $0.82. The firm had revenue of $2.46 billion for the quarter, compared to analysts’ expectations of $2.61 billion. NetEase had a net margin of 11.49% and a return on equity of 14.57%. research analysts forecast that NetEase will post 7.01 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, August 31st. Shareholders of record on Friday, August 24th were issued a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 1.26%. This is a boost from NetEase’s previous quarterly dividend of $0.23. The ex-dividend date was Thursday, August 23rd. NetEase’s dividend payout ratio is presently 19.58%.

NetEase Company Profile

NetEase, Inc operates an interactive online community in the People's Republic of China. The company operates through Online Game Services; E-Commerce; Advertising Services; and Email and Others segments. It offers various games in a range of genres through mobile devices and PCs, including role playing games, MMORPGs, battle arena games, simulation games, collectible card games, first-person shooter games, sandbox games, and other types of games to the Chinese market.

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Analyst Recommendations for NetEase (NASDAQ:NTES)

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