NetEase, Inc. (NASDAQ:NTES) Receives $152.33 Average PT from Brokerages

Shares of NetEase, Inc. (NASDAQ:NTES) have earned an average recommendation of “Moderate Buy” from the eleven ratings firms that are presently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $152.3333.

Several research analysts have issued reports on the company. Sanford C. Bernstein set a $155.00 target price on NetEase in a research report on Friday, November 21st. Wall Street Zen cut NetEase from a “buy” rating to a “hold” rating in a report on Sunday, November 23rd. Citigroup reiterated a “buy” rating on shares of NetEase in a research note on Friday, November 21st. JPMorgan Chase & Co. raised shares of NetEase from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $138.00 to $190.00 in a research note on Friday, October 10th. Finally, Benchmark raised their price target on shares of NetEase from $145.00 to $158.00 and gave the stock a “buy” rating in a research note on Friday, November 21st.

Institutional Trading of NetEase

A number of large investors have recently modified their holdings of the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in NetEase by 68,860.6% during the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 8,551,117 shares of the technology company’s stock valued at $1,299,684,000 after purchasing an additional 8,538,717 shares in the last quarter. Ninety One UK Ltd increased its stake in shares of NetEase by 0.5% during the third quarter. Ninety One UK Ltd now owns 6,296,150 shares of the technology company’s stock valued at $956,952,000 after buying an additional 28,381 shares during the period. Hhlr Advisors LTD. raised its holdings in shares of NetEase by 3.1% in the first quarter. Hhlr Advisors LTD. now owns 2,668,697 shares of the technology company’s stock valued at $274,662,000 after acquiring an additional 79,754 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in NetEase by 2.1% in the second quarter. Arrowstreet Capital Limited Partnership now owns 1,977,146 shares of the technology company’s stock worth $266,084,000 after acquiring an additional 40,871 shares during the period. Finally, Fisher Asset Management LLC grew its holdings in NetEase by 4.7% during the 3rd quarter. Fisher Asset Management LLC now owns 1,133,052 shares of the technology company’s stock worth $172,213,000 after acquiring an additional 50,861 shares in the last quarter. Hedge funds and other institutional investors own 11.07% of the company’s stock.

NetEase Trading Up 7.2%

NTES stock opened at $147.56 on Friday. The stock has a market cap of $93.49 billion, a PE ratio of 18.85, a P/E/G ratio of 1.65 and a beta of 0.67. NetEase has a 12 month low of $87.73 and a 12 month high of $159.55. The company has a 50-day moving average price of $139.06 and a 200 day moving average price of $139.21.

NetEase Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Friday, December 5th were given a dividend of $0.57 per share. The ex-dividend date of this dividend was Friday, December 5th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.5%. NetEase’s dividend payout ratio (DPR) is 28.99%.

NetEase Company Profile

NetEase, Inc (NASDAQ: NTES) is a Chinese technology company headquartered in Hangzhou that develops and operates Internet services and products. Founded in 1997 by William Ding (Ding Lei), the company has grown from an early web portal and e-mail provider into a diversified online services group. William Ding has served as the company’s founder and long-time leader, guiding its expansion into games, digital content and consumer services.

The company’s primary business is interactive entertainment: NetEase Games designs, develops and publishes PC and mobile games for domestic and international audiences, offering a mix of self-developed franchises and titles published under licensing and strategic partnerships.