NetEase, Inc (ADR) (NTES) Announces Quarterly Dividend of $0.37
NetEase, Inc (NASDAQ:NTES) declared a quarterly dividend on Wednesday, August 20th, Analyst Ratings Net reports. Investors of record on Friday, August 29th will be given a dividend of 0.37 per share on Friday, September 5th. This represents a $1.48 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date of this dividend is Wednesday, August 27th.
NTES has been the subject of a number of recent research reports. Analysts at T.H. Capital upgraded shares of NetEase, Inc to a “buy” rating in a research note on Friday, August 15th. They now have a $95.00 price target on the stock. On a related note, analysts at Oppenheimer raised their price target on shares of NetEase, Inc from $80.00 to $95.00 in a research note on Friday, August 15th. They now have an “outperform” rating on the stock. Finally, analysts at Macquarie raised their price target on shares of NetEase, Inc from $84.00 to $100.00 in a research note on Thursday, August 14th. They now have an “outperform” rating on the stock. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $82.70.
Shares of NetEase, Inc (NASDAQ:NTES) traded down 0.54% during mid-day trading on Wednesday, hitting $88.10. 190,461 shares of the company’s stock traded hands. NetEase, Inc has a 52 week low of $62.88 and a 52 week high of $89.67. The stock has a 50-day moving average of $82.2 and a 200-day moving average of $73.44. The company has a market cap of $11.511 billion and a P/E ratio of 15.57.
NetEase, Inc (NASDAQ:NTES) last issued its quarterly earnings data on Thursday, August 14th. The company reported $1.48 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.46 by $0.02. Analysts expect that NetEase, Inc will post $6.06 EPS for the current fiscal year.
NetEase, Inc is a holding company. The Company is an Internet technology company. The Company operates in three segments: Online Game Services, Advertising Services and E-mail, Wireless Value-added Services and Others.
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