Shares of NetEase, Inc. (NASDAQ:NTES) have been assigned a consensus rating of “Buy” from the twenty research firms that are currently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation, eleven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $298.42.
Several equities research analysts have issued reports on NTES shares. Benchmark Co. started coverage on shares of NetEase in a research report on Tuesday, April 18th. They set a “buy” rating and a $325.00 price objective for the company. Jefferies Group LLC restated a “buy” rating and set a $300.00 price objective on shares of NetEase in a research report on Wednesday, April 26th. BidaskClub downgraded shares of NetEase from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 16th. Nomura restated a “hold” rating and set a $297.00 price objective (down from $305.00) on shares of NetEase in a research report on Thursday, May 11th. Finally, Deutsche Bank AG restated a “buy” rating and set a $343.00 price objective (up from $300.00) on shares of NetEase in a research report on Tuesday, July 25th.
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A number of hedge funds and other institutional investors have recently made changes to their positions in NTES. Assetmark Inc. boosted its position in shares of NetEase by 51.0% in the first quarter. Assetmark Inc. now owns 367 shares of the technology company’s stock worth $104,000 after buying an additional 124 shares during the period. IFP Advisors Inc boosted its position in shares of NetEase by 21.4% in the second quarter. IFP Advisors Inc now owns 391 shares of the technology company’s stock worth $118,000 after buying an additional 69 shares during the period. PNC Financial Services Group Inc. boosted its position in shares of NetEase by 22.4% in the second quarter. PNC Financial Services Group Inc. now owns 536 shares of the technology company’s stock worth $161,000 after buying an additional 98 shares during the period. Howe & Rusling Inc. boosted its position in shares of NetEase by 7.2% in the first quarter. Howe & Rusling Inc. now owns 715 shares of the technology company’s stock worth $203,000 after buying an additional 48 shares during the period. Finally, Mariner Wealth Advisors LLC purchased a new position in shares of NetEase during the second quarter worth about $203,000. 55.53% of the stock is currently owned by institutional investors and hedge funds.
Shares of NetEase (NTES) traded down 1.16% during trading on Friday, reaching $280.96. The company had a trading volume of 2,908,752 shares. NetEase has a 12 month low of $199.13 and a 12 month high of $337.55. The firm has a 50 day moving average price of $306.42 and a 200 day moving average price of $287.91.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Friday, August 25th will be paid a $0.83 dividend. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $3.32 dividend on an annualized basis and a yield of 1.18%. NetEase’s dividend payout ratio (DPR) is 24.73%.
NetEase Company Profile
NetEase, Inc (NetEase) is a technology company. The Company operates an interactive online community in China and is a provider of Chinese language content and services through its online games, Internet media, e-mail, e-commerce and other businesses. The Company operates through three segments: Online Game Services; Advertising Services, and E-mail, E-commerce and Others.
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