Jefferies Financial Group upgraded shares of NetEase (NASDAQ:NTES) from a hold rating to a buy rating in a research note released on Friday morning, MarketBeat.com reports.

Several other research analysts have also recently weighed in on NTES. BidaskClub cut shares of NetEase from a sell rating to a strong sell rating in a report on Saturday, May 26th. JPMorgan Chase & Co. raised shares of NetEase from an underweight rating to an overweight rating and set a $185.00 price target on the stock in a report on Tuesday, July 3rd. Barclays reissued a hold rating and issued a $275.00 price target (up from $255.00) on shares of NetEase in a report on Saturday, July 28th. Macquarie cut shares of NetEase from an outperform rating to a neutral rating in a report on Thursday, August 9th. Finally, Nomura lowered their price target on shares of NetEase from $386.00 to $352.00 and set a buy rating on the stock in a report on Friday, August 10th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. NetEase presently has a consensus rating of Buy and an average target price of $324.46.

NetEase stock opened at $214.75 on Friday. The stock has a market capitalization of $28.20 billion, a price-to-earnings ratio of 17.30, a P/E/G ratio of 1.86 and a beta of 0.80. NetEase has a twelve month low of $184.60 and a twelve month high of $377.64.

NetEase (NASDAQ:NTES) last released its quarterly earnings results on Wednesday, August 8th. The technology company reported $2.44 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.62 by $0.82. The firm had revenue of $2.46 billion for the quarter, compared to analysts’ expectations of $2.61 billion. NetEase had a net margin of 11.49% and a return on equity of 14.57%. equities research analysts anticipate that NetEase will post 7.01 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, August 31st. Stockholders of record on Friday, August 24th were issued a dividend of $0.61 per share. The ex-dividend date was Thursday, August 23rd. This is a boost from NetEase’s previous quarterly dividend of $0.23. This represents a $2.44 annualized dividend and a dividend yield of 1.14%. NetEase’s dividend payout ratio (DPR) is currently 19.58%.

Several institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. increased its holdings in shares of NetEase by 6.8% during the first quarter. BlackRock Inc. now owns 5,300,537 shares of the technology company’s stock worth $1,486,218,000 after purchasing an additional 337,387 shares during the period. Artisan Partners Limited Partnership increased its holdings in shares of NetEase by 0.6% during the second quarter. Artisan Partners Limited Partnership now owns 1,121,223 shares of the technology company’s stock worth $283,299,000 after purchasing an additional 6,926 shares during the period. Vontobel Asset Management Inc. bought a new position in shares of NetEase during the second quarter worth approximately $256,375,000. Krane Funds Advisors LLC increased its holdings in shares of NetEase by 64.7% during the second quarter. Krane Funds Advisors LLC now owns 463,651 shares of the technology company’s stock worth $117,151,000 after purchasing an additional 182,082 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in NetEase by 3.9% in the second quarter. Dimensional Fund Advisors LP now owns 450,820 shares of the technology company’s stock valued at $113,836,000 after acquiring an additional 16,789 shares during the last quarter. 45.79% of the stock is currently owned by institutional investors.

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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