NetEase, Inc. (NASDAQ:NTES) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of NetEase, Inc. (NASDAQ:NTES) have received an average rating of “Moderate Buy” from the twelve research firms that are covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $152.10.

Several analysts have issued reports on the stock. Barclays set a $135.00 target price on shares of NetEase and gave the company an “equal weight” rating in a research note on Friday, November 21st. Weiss Ratings reissued a “hold (c+)” rating on shares of NetEase in a research report on Monday. Arete Research raised NetEase to a “strong-buy” rating in a research note on Wednesday, September 3rd. Morgan Stanley restated an “overweight” rating and set a $170.00 price objective on shares of NetEase in a research report on Wednesday, October 8th. Finally, Wall Street Zen downgraded NetEase from a “buy” rating to a “hold” rating in a report on Sunday, November 23rd.

Institutional Investors Weigh In On NetEase

Several institutional investors and hedge funds have recently modified their holdings of the business. ABN Amro Investment Solutions acquired a new position in shares of NetEase during the 2nd quarter valued at about $2,056,000. Cubist Systematic Strategies LLC acquired a new stake in NetEase in the 1st quarter worth approximately $2,554,000. Edmond DE Rothschild Holding S.A. boosted its position in NetEase by 5.4% during the first quarter. Edmond DE Rothschild Holding S.A. now owns 41,100 shares of the technology company’s stock worth $4,230,000 after purchasing an additional 2,100 shares during the period. Royal Bank of Canada grew its holdings in NetEase by 125.0% during the first quarter. Royal Bank of Canada now owns 212,466 shares of the technology company’s stock valued at $21,866,000 after purchasing an additional 118,042 shares during the last quarter. Finally, Avantax Advisory Services Inc. acquired a new position in NetEase during the first quarter valued at approximately $207,000. Institutional investors and hedge funds own 11.07% of the company’s stock.

NetEase Stock Down 1.8%

Shares of NetEase stock opened at $142.30 on Wednesday. NetEase has a 12-month low of $87.67 and a 12-month high of $159.55. The firm has a market capitalization of $90.16 billion, a PE ratio of 19.26, a price-to-earnings-growth ratio of 1.91 and a beta of 0.68. The stock’s fifty day moving average is $144.39 and its 200-day moving average is $137.27.

NetEase Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 19th. Investors of record on Friday, December 5th will be issued a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Friday, December 5th. NetEase’s dividend payout ratio (DPR) is currently 28.99%.

NetEase Company Profile

NetEase, Inc engages in online games, music streaming, online intelligent learning services, and internet content services businesses in China and internationally . The company operates through Games and Related Value-Added Services, Youdao, Cloud Music, and Innovative Businesses and Others segments.