Shares of NetEase Inc (NASDAQ:NTES) fell 5% on Tuesday . The stock traded as low as $248.91 and last traded at $249.11, 775,491 shares traded hands during mid-day trading. An increase of 5% from the average session volume of 735,629 shares. The stock had previously closed at $262.25.

Several research firms have weighed in on NTES. Benchmark reissued a “buy” rating and issued a $305.00 price objective (up previously from $295.00) on shares of NetEase in a research report on Thursday, May 16th. TH Capital upped their price target on NetEase from $270.00 to $310.00 and gave the company a “buy” rating in a research report on Monday, May 13th. Goldman Sachs Group cut NetEase from a “buy” rating to a “neutral” rating in a research report on Sunday, August 11th. China Renaissance Securities raised NetEase from a “hold” rating to a “buy” rating in a research report on Thursday, May 16th. Finally, Barclays upped their price target on NetEase from $300.00 to $320.00 and gave the company an “overweight” rating in a research report on Monday, May 20th. One analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have assigned a buy rating to the company. NetEase presently has a consensus rating of “Buy” and a consensus target price of $277.34.

The business has a 50-day moving average price of $246.48 and a 200 day moving average price of $251.45. The stock has a market cap of $33.95 billion, a PE ratio of 36.26, a PEG ratio of 0.79 and a beta of 0.87.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Friday, August 23rd will be paid a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a dividend yield of 1.67%. This is a positive change from NetEase’s previous quarterly dividend of $0.69. The ex-dividend date of this dividend is Thursday, August 22nd. NetEase’s payout ratio is presently 40.03%.

Large investors have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC bought a new stake in shares of NetEase during the 2nd quarter valued at $47,000. Quantamental Technologies LLC bought a new stake in shares of NetEase during the 2nd quarter valued at $49,000. Huntington National Bank raised its stake in shares of NetEase by 101.0% during the 2nd quarter. Huntington National Bank now owns 209 shares of the technology company’s stock valued at $53,000 after purchasing an additional 105 shares during the period. Oppenheimer Asset Management Inc. bought a new stake in shares of NetEase during the 2nd quarter valued at $107,000. Finally, Close Asset Management Ltd raised its stake in shares of NetEase by 233.3% during the 1st quarter. Close Asset Management Ltd now owns 500 shares of the technology company’s stock valued at $121,000 after purchasing an additional 350 shares during the period. Institutional investors own 45.19% of the company’s stock.

NetEase Company Profile (NASDAQ:NTES)

NetEase, Inc operates an interactive online community in the People's Republic of China. The company operates in four segments: Online Games Services, E-Commerce, Advertising Services, and Innovative Businesses and Other Services. It offers various games in a range of genres through mobile devices and PCs, including role-playing games, MMORPGs, battle arena games, simulation games, collectible card games, first-person shooter games, sandbox games, and other types of games to the Chinese market.

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