NetEase (NASDAQ:NTES) Stock Price Expected to Rise, Barclays Analyst Says

NetEase (NASDAQ:NTES) had its target price boosted by Barclays from $82.00 to $104.00 in a research note released on Monday morning,Benzinga reports. The brokerage currently has an equal weight rating on the technology company’s stock.

Other equities research analysts have also issued research reports about the stock. Benchmark upped their target price on shares of NetEase from $105.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Citigroup upped their price objective on shares of NetEase from $108.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Morgan Stanley lifted their target price on shares of NetEase from $108.00 to $117.00 and gave the company an “overweight” rating in a research note on Wednesday, February 12th. StockNews.com lowered NetEase from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 6th. Finally, Bank of America raised their price target on NetEase from $120.00 to $122.00 and gave the company a “buy” rating in a report on Wednesday, January 15th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $114.57.

NetEase Trading Up 1.7 %

NASDAQ NTES opened at $101.27 on Monday. NetEase has a 1-year low of $75.85 and a 1-year high of $114.50. The company has a market capitalization of $65.03 billion, a price-to-earnings ratio of 15.90, a PEG ratio of 3.37 and a beta of 0.58. The stock’s 50 day moving average is $98.20 and its two-hundred day moving average is $89.99.

NetEase (NASDAQ:NTES) last announced its quarterly earnings results on Thursday, February 20th. The technology company reported $1.87 EPS for the quarter, beating the consensus estimate of $1.73 by $0.14. NetEase had a return on equity of 22.12% and a net margin of 28.17%. The business had revenue of $3.66 billion for the quarter, compared to analyst estimates of $27.16 billion. On average, analysts predict that NetEase will post 6.91 earnings per share for the current year.

NetEase Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be given a $0.435 dividend. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $1.74 dividend on an annualized basis and a yield of 1.72%. NetEase’s payout ratio is 76.45%.

Institutional Investors Weigh In On NetEase

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Toronto Dominion Bank bought a new position in NetEase in the fourth quarter valued at about $145,000. GF Fund Management CO. LTD. acquired a new position in NetEase during the 4th quarter valued at about $1,362,000. Public Employees Retirement System of Ohio boosted its stake in shares of NetEase by 3.1% in the 4th quarter. Public Employees Retirement System of Ohio now owns 128,316 shares of the technology company’s stock valued at $11,447,000 after purchasing an additional 3,883 shares during the last quarter. GTS Securities LLC acquired a new stake in shares of NetEase during the 4th quarter worth approximately $210,000. Finally, Vise Technologies Inc. bought a new stake in shares of NetEase during the fourth quarter worth approximately $412,000. Institutional investors own 11.07% of the company’s stock.

About NetEase

NetEase, Inc engages in online games, music streaming, online intelligent learning services, and internet content services businesses in China and internationally . The company operates through Games and Related Value-Added Services, Youdao, Cloud Music, and Innovative Businesses and Others segments.