NetEase, Inc. (NASDAQ:NTES) has been assigned an average recommendation of “Hold” from the nineteen analysts that are covering the stock, Marketbeat reports. Four research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation, ten have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $303.31.

NTES has been the subject of several research analyst reports. Instinet reaffirmed a “buy” rating and issued a $307.00 price target on shares of NetEase in a research note on Tuesday, May 9th. Jefferies Group LLC reissued a “buy” rating and set a $300.00 target price on shares of NetEase in a research report on Wednesday, April 26th. Vetr downgraded shares of NetEase from a “strong-buy” rating to a “buy” rating and set a $318.49 target price for the company. in a research report on Monday, May 22nd. BidaskClub downgraded shares of NetEase from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 16th. Finally, Deutsche Bank AG reissued a “buy” rating and set a $343.00 target price (up from $300.00) on shares of NetEase in a research report on Tuesday, July 25th.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NTES. Wetherby Asset Management Inc. boosted its position in NetEase by 37.6% in the first quarter. Wetherby Asset Management Inc. now owns 1,380 shares of the technology company’s stock worth $392,000 after buying an additional 377 shares during the last quarter. KAMES CAPITAL plc boosted its position in NetEase by 38.9% in the first quarter. KAMES CAPITAL plc now owns 62,177 shares of the technology company’s stock worth $17,658,000 after buying an additional 17,400 shares during the last quarter. Russell Investments Group Ltd. boosted its position in NetEase by 19.9% in the first quarter. Russell Investments Group Ltd. now owns 350,824 shares of the technology company’s stock worth $99,631,000 after buying an additional 58,246 shares during the last quarter. Strs Ohio boosted its position in NetEase by 13.8% in the first quarter. Strs Ohio now owns 9,900 shares of the technology company’s stock worth $2,811,000 after buying an additional 1,200 shares during the last quarter. Finally, Shell Asset Management Co. boosted its position in NetEase by 1.5% in the first quarter. Shell Asset Management Co. now owns 37,011 shares of the technology company’s stock worth $10,511,000 after buying an additional 554 shares during the last quarter. Hedge funds and other institutional investors own 55.88% of the company’s stock.

NetEase (NASDAQ:NTES) traded up 0.82% during mid-day trading on Tuesday, hitting $277.00. 1,019,794 shares of the company were exchanged. NetEase has a 12-month low of $204.20 and a 12-month high of $337.55. The company has a market cap of $36.51 billion, a PE ratio of 18.34 and a beta of 0.92.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 25th will be paid a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date of this dividend is Wednesday, August 23rd. NetEase’s payout ratio is 24.73%.

About NetEase

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.

Analyst Recommendations for NetEase (NASDAQ:NTES)

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