NetEase Inc (NASDAQ:NTES) has earned an average rating of “Hold” from the eighteen analysts that are covering the firm, Marketbeat reports. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $354.92.
Several brokerages have recently issued reports on NTES. Vetr downgraded NetEase from a “buy” rating to a “hold” rating and set a $323.68 price objective on the stock. in a research report on Monday, November 20th. Nomura upgraded NetEase from a “neutral” rating to a “buy” rating and upped their price objective for the company from $297.00 to $428.00 in a research report on Friday, November 17th. Deutsche Bank set a $380.00 price objective on NetEase and gave the company a “buy” rating in a research report on Tuesday, January 2nd. Barclays set a $315.00 price objective on NetEase and gave the company an “equal weight” rating in a research report on Tuesday, January 2nd. Finally, Zacks Investment Research downgraded NetEase from a “hold” rating to a “sell” rating in a research report on Wednesday, November 22nd.
Institutional investors have recently added to or reduced their stakes in the company. TT International purchased a new position in shares of NetEase in the 3rd quarter worth about $17,715,000. AXA raised its holdings in shares of NetEase by 5.9% in the 3rd quarter. AXA now owns 32,431 shares of the technology company’s stock worth $8,555,000 after purchasing an additional 1,820 shares during the period. First Trust Advisors LP raised its holdings in shares of NetEase by 9.5% in the 3rd quarter. First Trust Advisors LP now owns 319,517 shares of the technology company’s stock worth $84,292,000 after purchasing an additional 27,771 shares during the period. Stifel Financial Corp raised its holdings in shares of NetEase by 25.9% in the 2nd quarter. Stifel Financial Corp now owns 3,032 shares of the technology company’s stock worth $919,000 after purchasing an additional 624 shares during the period. Finally, Fox Run Management L.L.C. raised its holdings in shares of NetEase by 228.6% in the 3rd quarter. Fox Run Management L.L.C. now owns 2,300 shares of the technology company’s stock worth $607,000 after purchasing an additional 1,600 shares during the period. Institutional investors own 48.15% of the company’s stock.
NetEase (NASDAQ:NTES) last issued its quarterly earnings data on Wednesday, November 15th. The technology company reported $2.86 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.66 by $0.20. NetEase had a return on equity of 24.93% and a net margin of 19.64%. The business had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.84 billion. research analysts predict that NetEase will post 13.3 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Investors of record on Friday, February 23rd will be given a dividend of $0.38 per share. The ex-dividend date is Thursday, February 22nd. This represents a $1.52 annualized dividend and a yield of 0.52%. NetEase’s dividend payout ratio (DPR) is presently 23.24%.
NetEase declared that its board has approved a share repurchase program on Wednesday, November 15th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the technology company to repurchase shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board of directors believes its stock is undervalued.
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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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