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.

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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.

5 Day Chart for NASDAQ:NTES

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