NetEase (NASDAQ:NTES) Reaches New 52-Week High at $325.00

NetEase Inc (NASDAQ:NTES)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $325.00 and last traded at $321.24, with a volume of 226659 shares traded. The stock had previously closed at $317.32.

NTES has been the topic of a number of research reports. BidaskClub raised shares of NetEase from a “sell” rating to a “hold” rating in a research note on Saturday, November 30th. Macquarie began coverage on shares of NetEase in a research report on Thursday, November 21st. They set an “outperform” rating and a $363.00 target price for the company. Barclays upped their price target on shares of NetEase from $340.00 to $360.00 and gave the company an “overweight” rating in a report on Monday, November 25th. Benchmark upped their price target on shares of NetEase from $305.00 to $380.00 and gave the company a “positive” rating in a report on Thursday, November 21st. Finally, Citigroup increased their price target on shares of NetEase from $301.00 to $326.00 and gave the company a “buy” rating in a research report on Friday, September 6th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $312.59.

The company has a market capitalization of $40.35 billion, a PE ratio of 45.74, a price-to-earnings-growth ratio of 0.40 and a beta of 0.81. The stock’s fifty day simple moving average is $296.11 and its 200-day simple moving average is $266.64.

NetEase (NASDAQ:NTES) last issued its quarterly earnings results on Wednesday, November 20th. The technology company reported $13.85 EPS for the quarter, topping analysts’ consensus estimates of $2.38 by $11.47. The business had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.43 billion. NetEase had a net margin of 27.21% and a return on equity of 37.50%. Research analysts expect that NetEase Inc will post 18.68 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, December 6th will be paid a dividend of $4.14 per share. This is an increase from NetEase’s previous quarterly dividend of $1.04. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $16.56 annualized dividend and a dividend yield of 5.27%. NetEase’s dividend payout ratio is presently 60.41%.

A number of hedge funds and other institutional investors have recently made changes to their positions in NTES. Marshall Wace LLP lifted its stake in shares of NetEase by 151.2% during the 1st quarter. Marshall Wace LLP now owns 638 shares of the technology company’s stock worth $154,000 after purchasing an additional 384 shares during the period. Commonwealth Equity Services LLC acquired a new position in NetEase in the second quarter valued at $243,000. Wetherby Asset Management Inc. increased its stake in NetEase by 3.6% in the second quarter. Wetherby Asset Management Inc. now owns 1,827 shares of the technology company’s stock valued at $467,000 after purchasing an additional 63 shares during the last quarter. Atlas Capital Advisors LLC purchased a new position in NetEase during the second quarter worth about $160,000. Finally, BP PLC purchased a new position in NetEase during the second quarter worth about $3,325,000. Hedge funds and other institutional investors own 48.24% of the company’s stock.

About NetEase (NASDAQ:NTES)

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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