NetEase (NASDAQ:NTES) had its target price boosted by Nomura from $265.00 to $267.00 in a report issued on Friday morning. They currently have a buy rating on the technology company’s stock.

A number of other analysts have also issued reports on the company. Barclays set a $270.00 target price on NetEase and gave the company a hold rating in a research report on Friday. Zacks Investment Research lowered NetEase from a hold rating to a sell rating in a research report on Friday. Benchmark cut their target price on NetEase from $320.00 to $295.00 and set a buy rating on the stock in a research report on Thursday. BidaskClub raised NetEase from a buy rating to a strong-buy rating in a research report on Wednesday, November 7th. Finally, ValuEngine raised NetEase from a hold rating to a buy rating in a research report on Thursday, November 1st. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has an average rating of Buy and a consensus price target of $303.70.

NTES stock opened at $233.41 on Friday. The company has a market cap of $30.65 billion, a PE ratio of 18.81, a PEG ratio of 1.52 and a beta of 0.96. NetEase has a one year low of $184.60 and a one year high of $377.64.

NetEase (NASDAQ:NTES) last announced its earnings results on Wednesday, November 14th. The technology company reported $1.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.10 by ($0.30). The firm had revenue of $2.45 billion during the quarter, compared to analysts’ expectations of $2.42 billion. NetEase had a net margin of 9.22% and a return on equity of 12.66%. 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 firm earned $3.43 EPS. As a group, analysts forecast that NetEase will post 7.29 earnings per share for the current year.

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

Several large investors have recently bought and sold shares of the business. Nordea Investment Management AB acquired a new position in shares of NetEase in the third quarter worth $51,884,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp grew its stake in shares of NetEase by 4.9% in the third quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 140,498 shares of the technology company’s stock worth $32,069,000 after acquiring an additional 6,600 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of NetEase by 1.6% in the third quarter. AQR Capital Management LLC now owns 265,877 shares of the technology company’s stock worth $60,686,000 after acquiring an additional 4,105 shares in the last quarter. HRT Financial LLC acquired a new position in shares of NetEase in the third quarter worth $666,000. Finally, Advisors Asset Management Inc. grew its stake in shares of NetEase by 2.1% in the third quarter. Advisors Asset Management Inc. now owns 15,425 shares of the technology company’s stock worth $3,521,000 after acquiring an additional 324 shares in the last quarter. Institutional investors and hedge funds own 43.64% of the company’s stock.

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.

Featured Article: Risk Tolerance

Analyst Recommendations for NetEase (NASDAQ:NTES)

Receive News & Ratings for NetEase Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NetEase and related companies with MarketBeat.com's FREE daily email newsletter.