NetEase Inc (NTES) Given Consensus Rating of “Buy” by Brokerages

NetEase Inc (NASDAQ:NTES) has received a consensus recommendation of “Buy” from the sixteen ratings firms that are presently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, nine have issued a buy rating and two have issued a strong buy rating on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $303.56.

A number of equities research analysts have recently weighed in on the company. Zacks Investment Research raised NetEase from a “hold” rating to a “strong-buy” rating and set a $249.00 price objective for the company in a research note on Wednesday, October 10th. BidaskClub raised NetEase from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, November 7th. ValuEngine raised NetEase from a “hold” rating to a “buy” rating in a research note on Thursday, November 1st. Nomura dropped their price objective on NetEase from $352.00 to $265.00 in a research note on Monday, October 29th. Finally, Barclays set a $250.00 price objective on NetEase and gave the company a “hold” rating in a research note on Thursday, October 18th.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. grew its stake in NetEase by 96.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 462 shares of the technology company’s stock worth $117,000 after purchasing an additional 227 shares in the last quarter. CIBC Asset Management Inc grew its stake in NetEase by 4.0% during the 2nd quarter. CIBC Asset Management Inc now owns 6,187 shares of the technology company’s stock worth $1,563,000 after purchasing an additional 237 shares in the last quarter. Thomas White International Ltd. grew its stake in NetEase by 5.1% during the 3rd quarter. Thomas White International Ltd. now owns 5,190 shares of the technology company’s stock worth $1,185,000 after purchasing an additional 250 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its stake in NetEase by 3.4% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 8,790 shares of the technology company’s stock worth $2,006,000 after purchasing an additional 290 shares in the last quarter. Finally, Banque Pictet & Cie SA grew its stake in NetEase by 18.8% during the 2nd quarter. Banque Pictet & Cie SA now owns 1,854 shares of the technology company’s stock worth $468,000 after purchasing an additional 294 shares in the last quarter. 43.64% of the stock is owned by hedge funds and other institutional investors.

NTES stock traded down $7.94 during midday trading on Friday, hitting $225.64. 19,550 shares of the company’s stock were exchanged, compared to its average volume of 901,158. The stock has a market cap of $30.68 billion, a price-to-earnings ratio of 18.19, a price-to-earnings-growth ratio of 1.53 and a beta of 0.96. NetEase has a 1-year low of $184.60 and a 1-year 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 consensus estimate of $2.10 by ($0.30). The business had revenue of $2.45 billion for the quarter, compared to analyst estimates of $2.42 billion. NetEase had a return on equity of 12.66% and a net margin of 9.22%. NetEase’s revenue was up 30.9% compared to the same quarter last year. During the same period last year, the business earned $3.43 EPS. As a group, analysts predict that NetEase will post 7.27 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 7th. Stockholders of record on Friday, November 30th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.80%. NetEase’s payout ratio is presently 19.58%.

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.

See Also: Average Daily Trade Volume – What It Means In Stock Trading

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.

Leave a Reply