Brokerages Set NetEase, Inc. (NASDAQ:NTES) PT at $114.57

Shares of NetEase, Inc. (NASDAQ:NTES) have been assigned an average rating of “Moderate Buy” from the seven research firms that are covering the company, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $114.57.

Several research analysts have recently weighed in on NTES shares. Bank of America increased their price objective on shares of NetEase from $120.00 to $122.00 and gave the stock a “buy” rating in a report on Wednesday, January 15th. Morgan Stanley lifted their price target on shares of NetEase from $108.00 to $117.00 and gave the company an “overweight” rating in a report on Wednesday, February 12th. Benchmark boosted their price objective on shares of NetEase from $105.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Barclays increased their target price on NetEase from $82.00 to $104.00 and gave the stock an “equal weight” rating in a research report on Monday, February 24th. Finally, StockNews.com downgraded NetEase from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 6th.

NetEase Stock Performance

Shares of NTES opened at $100.72 on Friday. NetEase has a fifty-two week low of $75.85 and a fifty-two week high of $110.15. The company has a market capitalization of $64.68 billion, a PE ratio of 15.81, a price-to-earnings-growth ratio of 3.37 and a beta of 0.61. The stock has a fifty day moving average of $102.05 and a two-hundred day moving average of $92.79.

NetEase (NASDAQ:NTES) last released its earnings results on Thursday, February 20th. The technology company reported $1.87 EPS for the quarter, beating the consensus estimate of $1.73 by $0.14. NetEase had a return on equity of 22.12% and a net margin of 28.17%. The firm had revenue of $3.66 billion during the quarter, compared to analyst estimates of $27.16 billion. As a group, equities research analysts forecast that NetEase will post 6.91 earnings per share for the current fiscal year.

NetEase Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th were given a $0.435 dividend. This represents a $1.74 annualized dividend and a yield of 1.73%. The ex-dividend date of this dividend was Thursday, March 6th. NetEase’s dividend payout ratio (DPR) is presently 76.45%.

Institutional Investors Weigh In On NetEase

Several institutional investors and hedge funds have recently modified their holdings of NTES. Citigroup Inc. raised its holdings in shares of NetEase by 6.9% during the 3rd quarter. Citigroup Inc. now owns 50,349 shares of the technology company’s stock valued at $4,708,000 after buying an additional 3,240 shares during the period. Cerity Partners LLC grew its position in NetEase by 21.4% in the third quarter. Cerity Partners LLC now owns 5,519 shares of the technology company’s stock valued at $516,000 after acquiring an additional 972 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its stake in shares of NetEase by 472.6% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 418,000 shares of the technology company’s stock valued at $39,087,000 after purchasing an additional 345,000 shares during the period. RPg Family Wealth Advisory LLC purchased a new stake in shares of NetEase during the third quarter valued at approximately $70,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of NetEase by 13,747.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,258,442 shares of the technology company’s stock worth $585,227,000 after purchasing an additional 6,213,248 shares in the last quarter. Hedge funds and other institutional investors own 11.07% of the company’s stock.

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.