NetEase Inc. (NASDAQ:NTES) – Equities research analysts at Credit Agricole SA issued their FY2016 earnings per share (EPS) estimates for NetEase in a report released on Monday. Credit Agricole SA analyst M. Lam forecasts that the brokerage will earn $10.57 per share for the year. Credit Agricole SA has a “Outperform” rating and a $272.00 price target on the stock.
NetEase (NASDAQ:NTES) last issued its quarterly earnings data on Wednesday, August 17th. The company reported $3.67 EPS for the quarter, topping analysts’ consensus estimates of $2.61 by $1.06. NetEase had a return on equity of 31.47% and a net margin of 29.34%.
Several other research firms have also recently issued reports on NTES. Brean Capital reissued a “buy” rating on shares of NetEase in a research note on Tuesday, August 2nd. Zacks Investment Research cut NetEase from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 27th. Vetr cut NetEase from a “buy” rating to a “hold” rating and set a $212.23 target price on the stock. in a research note on Monday, August 15th. Deutsche Bank AG raised their target price on NetEase from $190.00 to $207.00 and gave the stock a “buy” rating in a research note on Friday, June 24th. Finally, Macquarie raised their target price on NetEase from $256.00 to $280.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 28th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. NetEase currently has an average rating of “Buy” and a consensus price target of $221.08.
Shares of NetEase (NASDAQ:NTES) opened at 255.98 on Thursday. NetEase has a one year low of $128.77 and a one year high of $256.74. The company has a market capitalization of $33.56 billion, a price-to-earnings ratio of 24.49 and a beta of 1.04. The firm’s 50-day moving average price is $229.91 and its 200-day moving average price is $183.76.
Institutional investors have recently added to or reduced their stakes in the stock. AXA raised its position in shares of NetEase by 60.0% in the second quarter. AXA now owns 800 shares of the company’s stock worth $155,000 after buying an additional 300 shares during the last quarter. Advisor Group Inc. purchased a new position in shares of NetEase during the second quarter worth $200,000. Oasis Management Co Ltd. purchased a new position in shares of NetEase during the first quarter worth $201,000. HBK Sorce Advisory LLC purchased a new position in shares of NetEase during the second quarter worth $232,000. Finally, Janney Montgomery Scott LLC purchased a new position in shares of NetEase during the second quarter worth $236,000. Hedge funds and other institutional investors own 59.71% of the company’s stock.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 9th. Stockholders of record on Wednesday, August 31st were issued a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 1.22%. This is a positive change from NetEase’s previous quarterly dividend of $0.73. The ex-dividend date was Monday, August 29th. NetEase’s dividend payout ratio (DPR) is presently 25.14%.
NetEase Company Profile