BidaskClub lowered shares of NetEase (NASDAQ:NTES) from a hold rating to a sell rating in a research note released on Tuesday morning.

Several other brokerages also recently issued reports on NTES. ValuEngine downgraded shares of NetEase from a sell rating to a strong sell rating in a report on Friday, August 10th. Nomura lowered their price target on shares of NetEase from $386.00 to $352.00 and set a buy rating for the company in a report on Friday, August 10th. Barclays reiterated a hold rating and set a $280.00 price target on shares of NetEase in a report on Wednesday, May 16th. Benchmark lowered their price target on shares of NetEase from $355.00 to $340.00 and set a buy rating for the company in a report on Thursday, May 17th. Finally, Deutsche Bank set a $301.00 price target on shares of NetEase and gave the stock a buy rating in a report on Friday, May 18th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. NetEase presently has a consensus rating of Hold and an average price target of $325.62.

Shares of NASDAQ:NTES opened at $206.63 on Tuesday. The firm has a market cap of $29.51 billion, a PE ratio of 16.61, a P/E/G ratio of 1.97 and a beta of 0.83. NetEase has a 52-week low of $195.37 and a 52-week high of $377.64.

NetEase (NASDAQ:NTES) last announced its quarterly earnings results on Wednesday, May 16th. The technology company reported $0.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.99 by ($1.08). The company had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.27 billion. NetEase had a return on equity of 14.57% and a net margin of 11.49%. research analysts predict that NetEase will post 6.92 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 31st. Investors of record on Friday, August 24th will be issued a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 1.18%. This is an increase from NetEase’s previous quarterly dividend of $0.23. The ex-dividend date is Thursday, August 23rd. NetEase’s dividend payout ratio is presently 7.33%.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Nomura Asset Management Co. Ltd. increased its holdings in NetEase by 1.4% in the first quarter. Nomura Asset Management Co. Ltd. now owns 16,426 shares of the technology company’s stock valued at $4,605,000 after purchasing an additional 220 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in NetEase by 96.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 462 shares of the technology company’s stock valued at $117,000 after purchasing an additional 227 shares during the period. LPL Financial LLC increased its holdings in NetEase by 3.2% in the first quarter. LPL Financial LLC now owns 7,624 shares of the technology company’s stock valued at $2,138,000 after purchasing an additional 235 shares during the period. CIBC Asset Management Inc increased its holdings in NetEase by 4.0% in the second quarter. CIBC Asset Management Inc now owns 6,187 shares of the technology company’s stock valued at $1,563,000 after purchasing an additional 237 shares during the period. Finally, Banque Pictet & Cie SA increased its holdings in NetEase by 18.8% in the second quarter. Banque Pictet & Cie SA now owns 1,854 shares of the technology company’s stock valued at $468,000 after purchasing an additional 294 shares during the period. Institutional investors and hedge funds own 45.67% of the company’s stock.

About NetEase

NetEase, Inc operates an interactive online community in the People's Republic of China. The company operates through Online Game Services; E-Commerce; Advertising Services; and Email and Others segments. 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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Analyst Recommendations for NetEase (NASDAQ:NTES)

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