NetEase, Inc. (NASDAQ:NTES) to Issue $0.83 Quarterly Dividend
NetEase, Inc. (NASDAQ:NTES) declared a quarterly dividend on Friday, August 11th, Wall Street Journal reports. Investors of record on Friday, August 25th will be paid a dividend of 0.83 per share by the technology company on Friday, September 1st. This represents a $3.32 annualized dividend and a dividend yield of 1.18%. The ex-dividend date is Wednesday, August 23rd.
Shares of NetEase (NASDAQ NTES) traded down 1.16% on Friday, hitting $280.96. 2,908,405 shares of the company traded hands. The company has a market capitalization of $37.03 billion, a PE ratio of 18.72 and a beta of 0.92. The stock’s 50-day moving average price is $307.68 and its 200-day moving average price is $287.67. NetEase has a 12 month low of $199.01 and a 12 month high of $337.55.
A number of analysts recently weighed in on the stock. BidaskClub upgraded shares of NetEase from a “hold” rating to a “buy” rating in a research note on Thursday. CLSA cut shares of NetEase from an “outperform” rating to an “underperform” rating in a research note on Thursday. Zacks Investment Research cut shares of NetEase from a “buy” rating to a “hold” rating in a research note on Tuesday. Deutsche Bank AG reiterated a “buy” rating and set a $343.00 price target (up previously from $300.00) on shares of NetEase in a research note on Tuesday, July 25th. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $330.00 price target on shares of NetEase in a research note on Friday, June 16th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. NetEase currently has an average rating of “Buy” and an average price target of $301.90.
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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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