NetEase, Inc. (NASDAQ:NTES) Given Average Rating of “Moderate Buy” by Brokerages

NetEase, Inc. (NASDAQ:NTES) has received an average rating of “Moderate Buy” from the eleven research firms that are covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $152.3333.

A number of equities research analysts recently issued reports on the stock. Wall Street Zen downgraded shares of NetEase from a “buy” rating to a “hold” rating in a research note on Sunday, November 23rd. Citigroup restated a “buy” rating on shares of NetEase in a report on Friday, November 21st. JPMorgan Chase & Co. upgraded shares of NetEase from a “neutral” rating to an “overweight” rating and upped their target price for the company from $138.00 to $190.00 in a research report on Friday, October 10th. Morgan Stanley reaffirmed an “overweight” rating and issued a $170.00 price target on shares of NetEase in a report on Wednesday, October 8th. Finally, Barclays set a $135.00 price objective on NetEase and gave the stock an “equal weight” rating in a research note on Friday, November 21st.

NetEase Price Performance

NASDAQ:NTES opened at $136.76 on Wednesday. NetEase has a 1 year low of $87.67 and a 1 year high of $159.55. The stock’s 50 day simple moving average is $143.24 and its two-hundred day simple moving average is $137.93. The company has a market cap of $86.65 billion, a price-to-earnings ratio of 17.47, a PEG ratio of 1.64 and a beta of 0.68.

NetEase Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 19th. Stockholders of record on Friday, December 5th will be given a dividend of $0.57 per share. The ex-dividend date of this dividend is Friday, December 5th. This represents a $2.28 annualized dividend and a dividend yield of 1.7%. NetEase’s payout ratio is currently 28.99%.

Institutional Trading of NetEase

A number of institutional investors have recently bought and sold shares of the stock. NewSquare Capital LLC increased its position in NetEase by 137.2% during the second quarter. NewSquare Capital LLC now owns 185 shares of the technology company’s stock valued at $25,000 after acquiring an additional 107 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC purchased a new position in shares of NetEase during the 1st quarter worth about $26,000. Private Trust Co. NA grew its holdings in NetEase by 266.0% during the 2nd quarter. Private Trust Co. NA now owns 194 shares of the technology company’s stock valued at $26,000 after purchasing an additional 141 shares during the last quarter. USA Financial Formulas purchased a new stake in NetEase in the 2nd quarter worth about $30,000. Finally, Reyes Financial Architecture Inc. raised its position in NetEase by 1,189.5% in the 2nd quarter. Reyes Financial Architecture Inc. now owns 245 shares of the technology company’s stock worth $33,000 after purchasing an additional 226 shares during the period. 11.07% of the stock is currently owned by institutional investors.

NetEase Company Profile

NetEase, Inc engages in online games, music streaming, online intelligent learning services, and internet content services businesses in China and internationally . The company operates through Games and Related Value-Added Services, Youdao, Cloud Music, and Innovative Businesses and Others segments.