NetEase’s (NTES) Buy Rating Reiterated at Benchmark

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Benchmark reissued their buy rating on shares of NetEase (NASDAQ:NTES) in a research report report published on Thursday, Briefing.com Automated Import reports. The firm currently has a $305.00 target price on the technology company’s stock, up from their previous target price of $295.00.

Other equities analysts have also issued research reports about the stock. ValuEngine upgraded shares of NetEase from a hold rating to a buy rating in a research report on Thursday, April 4th. Zacks Investment Research upgraded shares of NetEase from a sell rating to a hold rating and set a $311.00 target price for the company in a research report on Wednesday, April 24th. BidaskClub upgraded shares of NetEase from a buy rating to a strong-buy rating in a research report on Friday, April 5th. Jefferies Financial Group lowered shares of NetEase from a buy rating to a hold rating and set a $245.00 target price for the company. in a research report on Thursday, February 21st. Finally, Barclays increased their target price on shares of NetEase from $275.00 to $300.00 and gave the company an overweight rating in a research report on Tuesday. They noted that the move was a valuation call. Three analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of Buy and a consensus price target of $278.45.

NTES traded down $13.84 on Thursday, reaching $265.27. The company had a trading volume of 45,225 shares, compared to its average volume of 723,871. The firm has a market capitalization of $34.41 billion, a PE ratio of 38.74, a P/E/G ratio of 25.62 and a beta of 0.81. NetEase has a one year low of $184.60 and a one year high of $289.68.

NetEase (NASDAQ:NTES) last announced its earnings results on Wednesday, May 15th. The technology company reported $2.75 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.86 by $0.89. The firm had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.73 billion. NetEase had a net margin of 10.94% and a return on equity of 17.46%. NetEase’s revenue was up 23.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.59 EPS. As a group, research analysts anticipate that NetEase will post 7.31 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 31st will be issued a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a yield of 1.04%. This is an increase from NetEase’s previous quarterly dividend of $0.48. The ex-dividend date is Thursday, May 30th. NetEase’s dividend payout ratio is presently 27.80%.

Hedge funds and other institutional investors have recently modified their holdings of the business. Lindbrook Capital LLC acquired a new stake in NetEase in the 4th quarter valued at about $31,000. Lavaca Capital LLC acquired a new stake in NetEase in the 4th quarter valued at about $62,000. Atlas Capital Advisors LLC purchased a new stake in NetEase during the fourth quarter valued at about $64,000. Quadrant Capital Group LLC lifted its stake in NetEase by 775.9% during the fourth quarter. Quadrant Capital Group LLC now owns 508 shares of the technology company’s stock valued at $116,000 after buying an additional 450 shares in the last quarter. Finally, Stelac Advisory Services LLC purchased a new stake in NetEase during the fourth quarter valued at about $119,000. 44.96% of the stock is owned by institutional investors.

About NetEase

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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Analyst Recommendations for NetEase (NASDAQ:NTES)

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