Somewhat Favorable News Coverage Somewhat Unlikely to Affect NetEase (NTES) Share Price

News coverage about NetEase (NASDAQ:NTES) has trended somewhat positive on Thursday, Accern reports. Accern scores the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. NetEase earned a news sentiment score of 0.17 on Accern’s scale. Accern also gave news headlines about the technology company an impact score of 45.8655549418425 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

These are some of the news headlines that may have impacted Accern Sentiment’s rankings:

Shares of NetEase (NTES) traded up $2.07 during trading on Thursday, reaching $320.35. 1,125,060 shares of the company’s stock were exchanged, compared to its average volume of 1,297,916. The stock has a market cap of $42,320.00, a P/E ratio of 21.17, a P/E/G ratio of 1.78 and a beta of 0.95. NetEase has a fifty-two week low of $211.11 and a fifty-two week high of $375.10.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, December 1st will be given a dividend of $0.717 per share. This represents a $2.87 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date of this dividend is Thursday, November 30th. NetEase’s payout ratio is currently 24.30%.

NetEase declared that its Board of Directors has initiated a share buyback plan on Wednesday, November 15th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the technology company to purchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.

Several research analysts recently commented on NTES shares. CLSA downgraded shares of NetEase from an “outperform” rating to an “underperform” rating in a research note on Thursday, August 10th. BidaskClub raised shares of NetEase from a “hold” rating to a “buy” rating in a research note on Thursday, August 10th. Zacks Investment Research downgraded shares of NetEase from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 16th. ValuEngine downgraded shares of NetEase from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Finally, Vetr downgraded shares of NetEase from a “strong-buy” rating to a “buy” rating and set a $327.04 target price on the stock. in a research note on Monday, September 18th. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $326.95.

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NetEase Company Profile

NetEase, Inc (NetEase) is a technology company. The Company operates an interactive online community in China and is a provider of Chinese language content and services through its online games, Internet media, e-mail, e-commerce and other businesses. The Company operates through three segments: Online Game Services; Advertising Services, and E-mail, E-commerce and Others.

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