NetEase Inc. (NTES) Shares Down 2.7%
NetEase Inc. (NASDAQ:NTES) dropped 2.7% during trading on Tuesday . The stock traded as low as $241.10 and last traded at $242.39, with a volume of 945,541 shares changing hands. The stock had previously closed at $248.99.
NTES has been the topic of several recent research reports. Credit Suisse Group AG initiated coverage on shares of NetEase in a report on Friday, August 19th. They issued a “neutral” rating and a $230.00 price target on the stock. Vetr lowered shares of NetEase from a “hold” rating to a “sell” rating and set a $215.78 price target on the stock. in a report on Monday, September 12th. Zacks Investment Research raised shares of NetEase from a “hold” rating to a “strong-buy” rating and set a $244.00 price target on the stock in a report on Tuesday, August 23rd. Brean Capital reaffirmed a “buy” rating on shares of NetEase in a report on Wednesday, August 31st. Finally, Deutsche Bank AG upped their price target on shares of NetEase from $190.00 to $207.00 and gave the company a “buy” rating in a report on Friday, June 24th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $197.54.
The company has a market capitalization of $32.01 billion, a PE ratio of 23.38 and a beta of 1.29. The firm has a 50-day moving average of $213.97 and a 200-day moving average of $174.72.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/20/netease-inc-ntes-shares-down-2-7.html
NetEase (NASDAQ:NTES) last announced its quarterly earnings results on Wednesday, August 17th. The company reported $3.67 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.61 by $1.06. NetEase had a net margin of 29.34% and a return on equity of 31.47%. Analysts forecast that NetEase Inc. will post $12.14 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 9th. Shareholders of record on Wednesday, August 31st were paid a $0.78 dividend. The ex-dividend date of this dividend was Monday, August 29th. This is a positive change from NetEase’s previous quarterly dividend of $0.73. This represents a $3.12 dividend on an annualized basis and a yield of 1.28%. NetEase’s payout ratio is currently 25.14%.
A number of hedge funds and other institutional investors have recently bought and sold shares of NTES. 1st Global Advisors Inc. raised its position in NetEase by 2.6% in the second quarter. 1st Global Advisors Inc. now owns 1,950 shares of the company’s stock worth $377,000 after buying an additional 49 shares in the last quarter. OLD National Bancorp IN raised its position in NetEase by 4.6% in the first quarter. OLD National Bancorp IN now owns 1,918 shares of the company’s stock worth $275,000 after buying an additional 85 shares in the last quarter. Fulton Bank N.A. raised its position in NetEase by 4.7% in the second quarter. Fulton Bank N.A. now owns 2,852 shares of the company’s stock worth $551,000 after buying an additional 129 shares in the last quarter. Norinchukin Bank The raised its position in NetEase by 9.1% in the second quarter. Norinchukin Bank The now owns 2,400 shares of the company’s stock worth $464,000 after buying an additional 200 shares in the last quarter. Finally, Cardan Capital Partners LLC raised its position in NetEase by 1.4% in the second quarter. Cardan Capital Partners LLC now owns 20,576 shares of the company’s stock worth $3,976,000 after buying an additional 278 shares in the last quarter. Institutional investors own 60.15% of the company’s stock.
NetEase Company Profile
NetEase, Inc (NetEase) is a technology company. The Company operates an interactive online community in China and is a provider of Chinese language content and services through its online games, Internet media, e-mail, e-commerce and other businesses. The Company operates through three segments: Online Game Services; Advertising Services, and E-mail, E-commerce and Others.
Receive News & Ratings for NetEase Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NetEase Inc. and related companies with MarketBeat.com's FREE daily email newsletter.