NetEase’s (NTES) “Buy” Rating Reiterated at Jefferies Group LLC
NetEase, Inc. (NASDAQ:NTES)‘s stock had its “buy” rating reissued by analysts at Jefferies Group LLC in a report issued on Friday. They presently have a $330.00 price target on the technology company’s stock. Jefferies Group LLC’s price objective would suggest a potential upside of 11.12% from the company’s previous close.
Several other brokerages also recently weighed in on NTES. BidaskClub downgraded shares of NetEase from a “strong-buy” rating to a “buy” rating in a research note on Friday. Vetr downgraded shares of NetEase from a “strong-buy” rating to a “buy” rating and set a $318.49 target price on the stock. in a research note on Monday, May 22nd. Deutsche Bank AG set a $298.00 target price on shares of NetEase and gave the stock a “buy” rating in a research note on Thursday, February 16th. Mizuho raised shares of NetEase from an “underperform” rating to a “neutral” rating in a research note on Thursday, February 16th. Finally, Standpoint Research reiterated a “buy” rating and set a $340.00 price target (up previously from $295.00) on shares of NetEase in a report on Thursday, February 23rd. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $295.84.
Shares of NetEase (NASDAQ NTES) opened at 296.97 on Friday. NetEase has a 52-week low of $163.63 and a 52-week high of $323.10. The stock has a market capitalization of $39.06 billion, a price-to-earnings ratio of 20.61 and a beta of 0.85. The company has a 50-day moving average of $286.52 and a 200-day moving average of $265.74.
The company also recently declared a quarterly dividend, which was paid on Friday, June 2nd. Shareholders of record on Friday, May 26th were paid a dividend of $1.08 per share. The ex-dividend date was Wednesday, May 24th. This represents a $4.32 annualized dividend and a dividend yield of 1.45%. NetEase’s dividend payout ratio is currently 25.09%.
Several large investors have recently added to or reduced their stakes in the company. Reynolds Capital Management boosted its stake in NetEase by 76.2% in the fourth quarter. Reynolds Capital Management now owns 3,700 shares of the technology company’s stock valued at $671,000 after buying an additional 1,600 shares in the last quarter. Vontobel Asset Management boosted its stake in NetEase by 1.6% in the fourth quarter. Vontobel Asset Management now owns 2,981,327 shares of the technology company’s stock valued at $547,405,000 after buying an additional 48,113 shares in the last quarter. Acadian Asset Management boosted its stake in NetEase by 37.4% in the fourth quarter. Acadian Asset Management now owns 1,965,549 shares of the technology company’s stock valued at $356,238,000 after buying an additional 534,781 shares in the last quarter. DNB Asset Management boosted its stake in NetEase by 2.5% in the fourth quarter. DNB Asset Management now owns 20,900 shares of the technology company’s stock valued at $3,787,916 after buying an additional 500 shares in the last quarter. Finally, Nordea Investment Management AB boosted its stake in NetEase by 11.1% in the fourth quarter. Nordea Investment Management AB now owns 515,091 shares of the technology company’s stock valued at $93,355,000 after buying an additional 51,535 shares in the last quarter. 54.57% of the stock is currently owned by institutional investors.
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.
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