Several other research firms have also recently weighed in on NTES. Benchmark reiterated a buy rating and issued a $305.00 price objective (up previously from $295.00) on shares of NetEase in a report on Thursday, May 16th. Jefferies Financial Group began coverage on NetEase in a report on Monday. They issued a buy rating and a $274.60 price objective for the company. TH Capital increased their price objective on NetEase from $270.00 to $310.00 and gave the stock a buy rating in a report on Monday, May 13th. Barclays increased their price objective on NetEase from $300.00 to $320.00 and gave the stock an overweight rating in a report on Monday, May 20th. Finally, China Renaissance Securities upgraded NetEase from a hold rating to a buy rating in a report on Thursday, May 16th. One analyst has rated the stock with a sell rating, one has given a hold rating and twelve have issued a buy rating to the company. The stock currently has a consensus rating of Buy and a consensus price target of $276.11.
NTES stock traded up $2.52 during trading on Tuesday, hitting $240.54. 460,789 shares of the company traded hands, compared to its average volume of 562,140. The firm has a market capitalization of $27.93 billion, a price-to-earnings ratio of 35.01, a PEG ratio of 1.67 and a beta of 0.87. NetEase has a 1 year low of $184.60 and a 1 year high of $289.68. The stock has a 50-day moving average of $248.33.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Friday, August 23rd will be given a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date of this dividend is Thursday, August 22nd. This is a positive change from NetEase’s previous quarterly dividend of $0.69. NetEase’s dividend payout ratio (DPR) is 40.03%.
Institutional investors have recently bought and sold shares of the business. Huntington National Bank increased its holdings in shares of NetEase by 101.0% in the 2nd quarter. Huntington National Bank now owns 209 shares of the technology company’s stock worth $53,000 after purchasing an additional 105 shares in the last quarter. Close Asset Management Ltd increased its holdings in shares of NetEase by 233.3% in the 1st quarter. Close Asset Management Ltd now owns 500 shares of the technology company’s stock worth $121,000 after purchasing an additional 350 shares in the last quarter. Marshall Wace LLP increased its holdings in shares of NetEase by 151.2% in the 1st quarter. Marshall Wace LLP now owns 638 shares of the technology company’s stock worth $154,000 after purchasing an additional 384 shares in the last quarter. Atlas Capital Advisors LLC bought a new stake in shares of NetEase in the 2nd quarter worth $160,000. Finally, Checchi Capital Advisers LLC bought a new stake in shares of NetEase in the 1st quarter worth $200,000. 45.88% of the stock is owned by institutional investors and hedge funds.
NetEase, Inc operates an interactive online community in the People's Republic of China. The company operates in four segments: Online Games Services, E-Commerce, Advertising Services, and Innovative Businesses and Other Services. 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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