NetEase, Inc. (NASDAQ:NTES – Get Free Report) has earned an average rating of “Buy” from the five analysts that are presently covering the company, Marketbeat reports. Five equities research analysts have rated the stock with a buy rating. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $126.00.
Separately, StockNews.com downgraded shares of NetEase from a “strong-buy” rating to a “buy” rating in a report on Monday, March 18th.
View Our Latest Analysis on NTES
Institutional Trading of NetEase
NetEase Stock Performance
NASDAQ:NTES opened at $105.52 on Monday. The company has a market capitalization of $68.03 billion, a P/E ratio of 16.67, a P/E/G ratio of 0.93 and a beta of 0.59. The stock’s 50 day moving average price is $103.59 and its 200 day moving average price is $103.55. NetEase has a 52 week low of $80.79 and a 52 week high of $118.89.
NetEase Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 28th. Investors of record on Thursday, March 14th will be given a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a dividend yield of 4.09%. The ex-dividend date of this dividend is Wednesday, March 13th. This is an increase from NetEase’s previous quarterly dividend of $0.50. NetEase’s dividend payout ratio (DPR) is 68.09%.
About NetEase
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.
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