NetEase (NTES) Upgraded to “Buy” by BidaskClub

BidaskClub upgraded shares of NetEase (NASDAQ:NTES) from a hold rating to a buy rating in a research note issued to investors on Thursday.

A number of other research firms have also issued reports on NTES. Zacks Investment Research upgraded NetEase from a hold rating to a strong-buy rating and set a $289.00 target price for the company in a report on Wednesday, February 6th. ValuEngine downgraded NetEase from a buy rating to a hold rating in a report on Monday, February 4th. Sanford C. Bernstein assumed coverage on NetEase in a report on Monday, January 14th. They set a mkt perform rating and a $240.00 price target for the company. Deutsche Bank set a $319.00 price target on NetEase and gave the stock a buy rating in a report on Friday, January 11th. Finally, Barclays raised NetEase from an equal weight rating to an overweight rating and lifted their price target for the stock from $270.00 to $300.00 in a report on Monday, January 14th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the company. The company has an average rating of Buy and an average target price of $271.39.

NASDAQ:NTES opened at $242.35 on Thursday. The firm has a market capitalization of $31.83 billion, a P/E ratio of 35.28, a P/E/G ratio of 21.48 and a beta of 0.74. NetEase has a 12-month low of $184.60 and a 12-month high of $328.39.

NetEase (NASDAQ:NTES) last released its earnings results on Wednesday, February 20th. The technology company reported $1.92 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.51 by $0.41. The firm had revenue of $2.89 billion during the quarter, compared to analyst estimates of $2.91 billion. NetEase had a return on equity of 13.60% and a net margin of 9.12%. During the same period last year, the business posted $2.18 earnings per share. As a group, research analysts anticipate that NetEase will post 7.74 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 8th were issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 0.79%. This is an increase from NetEase’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Thursday, March 7th. NetEase’s payout ratio is 27.80%.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Lindbrook Capital LLC acquired a new stake in shares of NetEase during the fourth quarter worth about $31,000. Lavaca Capital LLC acquired a new stake in shares of NetEase during the fourth quarter worth about $62,000. Atlas Capital Advisors LLC acquired a new stake in shares of NetEase during the fourth quarter worth about $64,000. Stelac Advisory Services LLC acquired a new stake in shares of NetEase during the fourth quarter worth about $119,000. Finally, Quadrant Capital Group LLC increased its position in shares of NetEase by 775.9% during the fourth quarter. Quadrant Capital Group LLC now owns 508 shares of the technology company’s stock worth $116,000 after purchasing an additional 450 shares in the last quarter. 44.63% of the stock is owned by institutional investors.

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.

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Analyst Recommendations for NetEase (NASDAQ:NTES)

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