NetEase, Inc. (NASDAQ:NTES) Receives $126.00 Consensus Price Target from Brokerages

NetEase, Inc. (NASDAQ:NTESGet 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

Several large investors have recently added to or reduced their stakes in NTES. Private Trust Co. NA boosted its holdings in NetEase by 418.9% in the fourth quarter. Private Trust Co. NA now owns 275 shares of the technology company’s stock valued at $26,000 after acquiring an additional 222 shares during the last quarter. Chilton Capital Management LLC acquired a new position in NetEase during the 4th quarter valued at about $37,000. USA Financial Formulas boosted its stake in shares of NetEase by 1,153.1% in the 4th quarter. USA Financial Formulas now owns 401 shares of the technology company’s stock valued at $37,000 after purchasing an additional 369 shares during the last quarter. Pinpoint Asset Management Ltd acquired a new stake in shares of NetEase during the 1st quarter worth approximately $42,000. Finally, First Capital Advisors Group LLC. bought a new stake in shares of NetEase during the second quarter worth approximately $47,000. 11.78% of the stock is owned by institutional investors.

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

(Get Free Report

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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Analyst Recommendations for NetEase (NASDAQ:NTES)

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