NetEase (NASDAQ:NTES) Hits New 1-Year High – Time to Buy?

NetEase, Inc. (NASDAQ:NTES)’s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as $130.70 and last traded at $130.19, with a volume of 891101 shares trading hands. The stock had previously closed at $127.02.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on NTES shares. Barclays increased their target price on NetEase from $104.00 to $118.00 and gave the company an “equal weight” rating in a report on Friday, May 16th. Deutsche Bank Aktiengesellschaft started coverage on NetEase in a report on Monday, May 12th. They set a “buy” rating and a $130.00 target price on the stock. Wall Street Zen raised NetEase from a “buy” rating to a “strong-buy” rating in a research note on Thursday, May 22nd. JPMorgan Chase & Co. increased their price target on NetEase from $120.00 to $135.00 and gave the stock an “overweight” rating in a research note on Monday, May 19th. Finally, Benchmark increased their price target on NetEase from $105.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $119.38.

NetEase Trading Up 1.2%

The company has a market cap of $84.25 billion, a PE ratio of 20.87, a price-to-earnings-growth ratio of 3.37 and a beta of 0.67. The business has a 50 day simple moving average of $110.75 and a two-hundred day simple moving average of $102.36.

NetEase Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be given a $0.675 dividend. This represents a $2.70 annualized dividend and a dividend yield of 2.03%. The ex-dividend date of this dividend is Friday, May 30th. NetEase’s dividend payout ratio (DPR) is currently 38.71%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Kayne Anderson Rudnick Investment Management LLC purchased a new position in shares of NetEase in the 1st quarter worth $26,000. Farther Finance Advisors LLC raised its position in shares of NetEase by 81.7% in the 4th quarter. Farther Finance Advisors LLC now owns 338 shares of the technology company’s stock worth $30,000 after buying an additional 152 shares during the period. Mather Group LLC. raised its position in shares of NetEase by 1,415.0% in the 1st quarter. Mather Group LLC. now owns 303 shares of the technology company’s stock worth $31,000 after buying an additional 283 shares during the period. Live Oak Investment Partners purchased a new position in shares of NetEase in the 4th quarter worth $62,000. Finally, Strs Ohio purchased a new position in shares of NetEase in the 1st quarter worth $63,000. 11.07% of the stock is owned by hedge funds and other institutional investors.

NetEase Company Profile

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.