NetEase, Inc. (NASDAQ:NTES) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

NetEase, Inc. (NASDAQ:NTES) has earned an average recommendation of “Moderate Buy” from the ten ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $157.3750.

NTES has been the topic of several analyst reports. Benchmark reiterated a “buy” rating on shares of NetEase in a research report on Friday, May 22nd. Zacks Research upgraded shares of NetEase from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 8th. Morgan Stanley reiterated an “overweight” rating and set a $158.00 price target on shares of NetEase in a research report on Tuesday, May 26th. Finally, Wall Street Zen lowered shares of NetEase from a “buy” rating to a “hold” rating in a research report on Saturday.

Institutional Trading of NetEase

A number of hedge funds have recently added to or reduced their stakes in NTES. Main Street Research LLC grew its stake in NetEase by 2.1% in the 3rd quarter. Main Street Research LLC now owns 4,085 shares of the technology company’s stock worth $621,000 after buying an additional 85 shares in the last quarter. Allworth Financial LP grew its stake in NetEase by 15.2% in the 3rd quarter. Allworth Financial LP now owns 718 shares of the technology company’s stock worth $109,000 after buying an additional 95 shares in the last quarter. Arkadios Wealth Advisors grew its stake in NetEase by 5.9% in the 4th quarter. Arkadios Wealth Advisors now owns 1,859 shares of the technology company’s stock worth $256,000 after buying an additional 103 shares in the last quarter. Spire Wealth Management grew its stake in NetEase by 31.3% in the 4th quarter. Spire Wealth Management now owns 436 shares of the technology company’s stock worth $60,000 after buying an additional 104 shares in the last quarter. Finally, Cookson Peirce & Co. Inc. grew its stake in NetEase by 2.2% in the 4th quarter. Cookson Peirce & Co. Inc. now owns 4,961 shares of the technology company’s stock worth $683,000 after buying an additional 106 shares in the last quarter. Institutional investors and hedge funds own 11.07% of the company’s stock.

NetEase Stock Performance

NASDAQ NTES opened at $121.33 on Friday. The firm has a market capitalization of $77.46 billion, a price-to-earnings ratio of 16.11, a P/E/G ratio of 1.57 and a beta of 0.72. The firm’s 50 day simple moving average is $118.04 and its 200 day simple moving average is $123.94. NetEase has a 1 year low of $106.06 and a 1 year high of $159.55.

NetEase Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Friday, June 5th were given a $0.72 dividend. The ex-dividend date was Friday, June 5th. This represents a $2.88 dividend on an annualized basis and a yield of 2.4%. NetEase’s dividend payout ratio (DPR) is currently 38.11%.

NetEase Company Profile

NetEase, Inc (NASDAQ: NTES) is a Chinese technology company headquartered in Hangzhou that develops and operates Internet services and products. Founded in 1997 by William Ding (Ding Lei), the company has grown from an early web portal and e-mail provider into a diversified online services group. William Ding has served as the company’s founder and long-time leader, guiding its expansion into games, digital content and consumer services.

The company’s primary business is interactive entertainment: NetEase Games designs, develops and publishes PC and mobile games for domestic and international audiences, offering a mix of self-developed franchises and titles published under licensing and strategic partnerships.