NetEase Inc. (NTES) Upgraded to Buy at Vetr Inc.
NetEase Inc. (NASDAQ:NTES) was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating in a research report issued on Monday. The brokerage currently has a $266.16 price objective on the stock. Vetr‘s price target would indicate a potential upside of 5.22% from the company’s current price.
Other research analysts also recently issued reports about the stock. Brean Capital reaffirmed a “buy” rating on shares of NetEase in a research note on Wednesday, August 31st. Deutsche Bank AG lifted their target price on shares of NetEase from $190.00 to $207.00 and gave the stock a “buy” rating in a research note on Friday, June 24th. Zacks Investment Research raised shares of NetEase from a “hold” rating to a “buy” rating and set a $232.00 target price on the stock in a research note on Thursday, July 28th. Jefferies Group started coverage on shares of NetEase in a research note on Thursday, September 29th. They issued a “hold” rating and a $245.00 target price on the stock. Finally, Credit Suisse Group AG started coverage on shares of NetEase in a research note on Friday, August 19th. They issued a “neutral” rating and a $230.00 target price on the stock. One analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $221.08.
NetEase (NASDAQ:NTES) traded down 1.18% during mid-day trading on Monday, reaching $252.95. 809,333 shares of the company’s stock were exchanged. The stock has a market cap of $33.17 billion, a price-to-earnings ratio of 24.22 and a beta of 1.04. NetEase has a 52-week low of $128.81 and a 52-week high of $257.56. The company has a 50-day moving average of $231.21 and a 200-day moving average of $184.50.
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NetEase (NASDAQ:NTES) last announced its quarterly earnings data on Wednesday, August 17th. The company reported $3.67 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.61 by $1.06. NetEase had a net margin of 29.34% and a return on equity of 31.47%. Equities research analysts anticipate that NetEase will post $12.55 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 9th. Stockholders of record on Wednesday, August 31st were issued a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date of this dividend was Monday, August 29th. This is a boost from NetEase’s previous quarterly dividend of $0.73. NetEase’s payout ratio is 25.14%.
Several hedge funds have recently made changes to their positions in NTES. AXA boosted its position in shares of NetEase by 60.0% in the second quarter. AXA now owns 800 shares of the company’s stock worth $155,000 after buying an additional 300 shares during the last quarter. Advisor Group Inc. purchased a new position in shares of NetEase during the second quarter worth about $200,000. Oasis Management Co Ltd. purchased a new position in shares of NetEase during the first quarter worth about $201,000. HBK Sorce Advisory LLC purchased a new position in shares of NetEase during the second quarter worth about $232,000. Finally, Janney Montgomery Scott LLC purchased a new position in shares of NetEase during the second quarter worth about $236,000. Hedge funds and other institutional investors own 59.71% 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.
To view Vetr’s full report, visit Vetr’s official website.
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