Barclays set a $270.00 target price on NetEase (NASDAQ:NTES) in a research report released on Friday morning, MarketBeat.com reports. The firm currently has a hold rating on the technology company’s stock.

Several other analysts have also recently issued reports on the company. Jefferies Financial Group raised NetEase from a hold rating to a buy rating in a research note on Friday, September 21st. Macquarie cut NetEase from an outperform rating to a neutral rating in a research note on Thursday, August 9th. Nomura cut their target price on NetEase from $386.00 to $352.00 and set a buy rating on the stock in a research note on Friday, August 10th. BidaskClub cut NetEase from a hold rating to a sell rating in a research note on Tuesday, August 14th. Finally, Zacks Investment Research raised NetEase from a sell rating to a hold rating in a research note on Tuesday, August 14th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. The company presently has a consensus rating of Buy and a consensus target price of $303.70.

NTES opened at $233.41 on Friday. The stock has a market capitalization of $30.65 billion, a PE ratio of 18.81, a P/E/G ratio of 1.52 and a beta of 0.96. NetEase has a 12 month low of $184.60 and a 12 month high of $377.64.

NetEase (NASDAQ:NTES) last posted its earnings results on Wednesday, November 14th. The technology company reported $1.80 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.10 by ($0.30). The business had revenue of $2.45 billion during the quarter, compared to the consensus estimate of $2.42 billion. NetEase had a return on equity of 12.66% and a net margin of 9.22%. The firm’s revenue for the quarter was up 30.9% compared to the same quarter last year. During the same period in the previous year, the business earned $3.43 earnings per share. As a group, research analysts expect that NetEase will post 7.29 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 7th. Shareholders of record on Friday, November 30th will be given a dividend of $0.45 per share. The ex-dividend date is Thursday, November 29th. This represents a $1.80 annualized dividend and a yield of 0.77%. NetEase’s payout ratio is 19.58%.

Institutional investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC bought a new stake in NetEase during the 2nd quarter valued at approximately $108,000. Northwestern Mutual Wealth Management Co. boosted its position in NetEase by 96.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 462 shares of the technology company’s stock valued at $117,000 after acquiring an additional 227 shares in the last quarter. Cornerstone Wealth Management LLC boosted its position in NetEase by 286.3% during the 3rd quarter. Cornerstone Wealth Management LLC now owns 41,639 shares of the technology company’s stock valued at $151,000 after acquiring an additional 30,861 shares in the last quarter. Flagship Harbor Advisors LLC bought a new stake in NetEase during the 2nd quarter valued at approximately $167,000. Finally, Guinness Asset Management Ltd boosted its position in NetEase by 59.1% during the 3rd quarter. Guinness Asset Management Ltd now owns 861 shares of the technology company’s stock valued at $196,000 after acquiring an additional 320 shares in the last quarter. 43.64% of the stock is currently owned by institutional investors and hedge funds.

About NetEase

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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