NetEase Inc. (NTES) Downgraded by Vetr Inc.
Vetr lowered shares of NetEase Inc. (NASDAQ:NTES) from a sell rating to a strong sell rating in a research report report published on Monday morning. They currently have $210.98 price target on the stock.
Several other equities analysts also recently commented on NTES. Brean Capital reiterated a buy rating on shares of NetEase in a research report on Wednesday, August 31st. Zacks Investment Research upgraded NetEase from a hold rating to a strong-buy rating and set a $244.00 target price for the company in a research report on Tuesday, August 23rd. Credit Suisse Group AG assumed coverage on NetEase in a research report on Friday, August 19th. They issued a neutral rating and a $230.00 target price for the company. Finally, Deutsche Bank AG increased their target price on NetEase from $190.00 to $207.00 and gave the company a buy rating in a research report on Friday, June 24th. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of Buy and an average price target of $197.54.
NetEase (NASDAQ:NTES) opened at 249.54 on Monday. The stock’s 50 day moving average price is $216.56 and its 200 day moving average price is $176.00. The firm has a market capitalization of $32.72 billion, a price-to-earnings ratio of 23.90 and a beta of 1.29. NetEase has a 52-week low of $110.65 and a 52-week high of $252.97.
NetEase (NASDAQ:NTES) last announced its quarterly earnings data on Wednesday, August 17th. The company reported $3.67 earnings per share for the quarter, topping the consensus estimate of $2.61 by $1.06. NetEase had a return on equity of 31.47% and a net margin of 29.34%. On average, equities analysts anticipate that NetEase will post $12.14 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 9th. Investors of record on Wednesday, August 31st were paid a dividend of $0.78 per share. The ex-dividend date was Monday, August 29th. This represents a $3.12 annualized dividend and a yield of 1.25%. This is a boost from NetEase’s previous quarterly dividend of $0.73. NetEase’s dividend payout ratio (DPR) is currently 25.14%.
Large investors have recently added to or reduced their stakes in the company. AXA boosted its stake in NetEase by 60.0% in the second quarter. AXA now owns 800 shares of the company’s stock valued at $155,000 after buying an additional 300 shares in the last quarter. Advisor Group Inc. purchased a new stake in shares of NetEase during the second quarter worth approximately $200,000. Oasis Management Co Ltd. purchased a new stake in shares of NetEase during the first quarter worth approximately $201,000. HBK Sorce Advisory LLC purchased a new stake in shares of NetEase during the second quarter worth approximately $232,000. Finally, Janney Montgomery Scott LLC purchased a new stake in shares of NetEase during the second quarter worth approximately $236,000. 59.71% of the stock is owned by institutional investors and hedge funds.
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.
To view Vetr’s full report, visit Vetr’s official website.
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