BidaskClub upgraded shares of NetEase (NASDAQ:NTES) from a strong sell rating to a sell rating in a research note published on Saturday.

A number of other brokerages have also issued reports on NTES. Barclays reissued a hold rating and issued a $275.00 price objective (up previously from $255.00) on shares of NetEase in a report on Saturday, July 28th. JPMorgan Chase & Co. raised shares of NetEase from an underweight rating to an overweight rating and set a $185.00 price objective for the company in a report on Tuesday, July 3rd. Deutsche Bank set a $301.00 price objective on shares of NetEase and gave the company a buy rating in a report on Friday, May 18th. TheStreet lowered shares of NetEase from a b rating to a c+ rating in a report on Friday, May 18th. Finally, ValuEngine lowered shares of NetEase from a sell rating to a strong sell rating in a report on Friday, August 10th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of Hold and an average target price of $324.46.

Shares of NTES opened at $198.37 on Friday. NetEase has a 12-month low of $184.60 and a 12-month high of $377.64. The stock has a market capitalization of $25.16 billion, a P/E ratio of 16.18, a PEG ratio of 1.66 and a beta of 0.80.

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

The business also recently announced a quarterly dividend, which was paid on Friday, August 31st. Shareholders of record on Friday, August 24th were paid a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 1.23%. The ex-dividend date of this dividend was Thursday, August 23rd. This is a positive change from NetEase’s previous quarterly dividend of $0.23. NetEase’s dividend payout ratio (DPR) is 19.58%.

A number of hedge funds have recently made changes to their positions in the business. BlackRock Inc. boosted its stake in NetEase by 6.8% during the first quarter. BlackRock Inc. now owns 5,300,537 shares of the technology company’s stock worth $1,486,218,000 after buying an additional 337,387 shares during the period. Baillie Gifford & Co. boosted its stake in shares of NetEase by 15.5% in the first quarter. Baillie Gifford & Co. now owns 3,084,294 shares of the technology company’s stock valued at $864,805,000 after purchasing an additional 413,855 shares during the period. Artisan Partners Limited Partnership boosted its stake in shares of NetEase by 0.6% in the second quarter. Artisan Partners Limited Partnership now owns 1,121,223 shares of the technology company’s stock valued at $283,299,000 after purchasing an additional 6,926 shares during the period. Vontobel Asset Management Inc. purchased a new position in shares of NetEase in the second quarter valued at approximately $256,375,000. Finally, Krane Funds Advisors LLC boosted its stake in shares of NetEase by 64.7% in the second quarter. Krane Funds Advisors LLC now owns 463,651 shares of the technology company’s stock valued at $117,151,000 after purchasing an additional 182,082 shares during the period. 45.80% of the stock is owned by institutional investors.

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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