Several other equities research analysts have also recently commented on the stock. Goldman Sachs reiterated a buy rating and set a $432.00 price target (up previously from $340.00) on shares of NetEase in a research report on Thursday, January 18th. They noted that the move was a valuation call. Vetr upgraded shares of NetEase from a buy rating to a strong-buy rating and set a $363.00 price target for the company in a research report on Tuesday, January 30th. JPMorgan Chase initiated coverage on shares of NetEase in a research report on Thursday, April 12th. They set an underweight rating and a $240.00 price target for the company. BidaskClub cut shares of NetEase from a sell rating to a strong sell rating in a research report on Tuesday, January 23rd. Finally, Zacks Investment Research upgraded shares of NetEase from a strong sell rating to a hold rating in a research report on Wednesday, January 17th. Six equities research analysts have rated the stock with a sell rating, three have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of $329.40.
Shares of NASDAQ:NTES opened at $246.33 on Thursday. NetEase has a one year low of $240.07 and a one year high of $377.64. The company has a market cap of $32.35 billion, a PE ratio of 27.01, a price-to-earnings-growth ratio of 1.56 and a beta of 0.89.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 8th. Investors of record on Friday, June 1st will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 0.37%. The ex-dividend date is Thursday, May 31st. NetEase’s dividend payout ratio is currently 24.17%.
A number of hedge funds and other institutional investors have recently modified their holdings of NTES. Bank of Montreal Can grew its holdings in NetEase by 3.1% during the fourth quarter. Bank of Montreal Can now owns 87,980 shares of the technology company’s stock valued at $30,359,000 after purchasing an additional 2,654 shares during the period. Schwab Charles Investment Management Inc. grew its holdings in NetEase by 103.3% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 35,777 shares of the technology company’s stock valued at $12,346,000 after purchasing an additional 18,175 shares during the period. Cibc Bank USA acquired a new position in NetEase during the fourth quarter valued at approximately $204,000. Beech Hill Advisors Inc. bought a new position in NetEase in the fourth quarter valued at approximately $302,000. Finally, Fisher Asset Management LLC lifted its stake in NetEase by 11.7% in the fourth quarter. Fisher Asset Management LLC now owns 936,893 shares of the technology company’s stock valued at $323,294,000 after buying an additional 97,840 shares in the last quarter. Hedge funds and other institutional investors own 51.55% of the company’s stock.
NetEase, Inc operates an interactive online community in the People's Republic of China. The company operates through Online Game Services; Advertising Services; and E-mail, E-commerce and Others segments. It offers PC-client massively multi-player online role-playing games and mobile games; and distributes its point cards to gamers.
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