NetEase, Inc. (NASDAQ:NTES) announced a dividend on Thursday, November 16th, NASDAQ reports. Investors of record on Friday, December 1st will be paid a dividend of 0.717 per share by the technology company on Friday, December 8th. The ex-dividend date is Thursday, November 30th.

NetEase (NASDAQ:NTES) opened at $347.68 on Friday. The firm has a market capitalization of $39,956.59, a PE ratio of 20.14, a price-to-earnings-growth ratio of 1.28 and a beta of 0.91. NetEase has a 52-week low of $211.11 and a 52-week high of $337.55.

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NetEase declared that its board has authorized a stock repurchase plan on Wednesday, November 15th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the technology company to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

NTES has been the subject of several research reports. Deutsche Bank AG reaffirmed a “buy” rating and issued a $343.00 target price (up from $300.00) on shares of NetEase in a research report on Tuesday, July 25th. BidaskClub downgraded NetEase from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. Zacks Investment Research downgraded NetEase from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. CLSA downgraded NetEase from an “outperform” rating to an “underperform” rating in a research report on Thursday, August 10th. Finally, ValuEngine cut NetEase from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the stock. NetEase presently has a consensus rating of “Hold” and a consensus price target of $308.12.

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.

Dividend History for NetEase (NASDAQ:NTES)

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