NetEase (NASDAQ:NTES) Shares Gap Up – What’s Next?

Shares of NetEase, Inc. (NASDAQ:NTES) gapped up prior to trading on Tuesday . The stock had previously closed at $102.92, but opened at $105.48. NetEase shares last traded at $105.48, with a volume of 311,646 shares.

Wall Street Analyst Weigh In

NTES has been the subject of several research reports. StockNews.com lowered NetEase from a “strong-buy” rating to a “buy” rating in a report on Friday, December 6th. Morgan Stanley boosted their target price on shares of NetEase from $108.00 to $117.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 12th. Bank of America raised their price target on shares of NetEase from $120.00 to $122.00 and gave the company a “buy” rating in a report on Wednesday, January 15th. Benchmark upped their price objective on shares of NetEase from $105.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Finally, Barclays raised their target price on NetEase from $82.00 to $104.00 and gave the company an “equal weight” rating in a report on Monday, February 24th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $114.57.

NetEase Price Performance

The company has a market capitalization of $68.33 billion, a P/E ratio of 16.70, a PEG ratio of 3.37 and a beta of 0.61. The stock’s fifty day simple moving average is $102.36 and its 200-day simple moving average is $93.27.

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

NetEase Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were given a dividend of $0.435 per share. This represents a $1.74 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date of this dividend was Thursday, March 6th. NetEase’s dividend payout ratio (DPR) is currently 76.45%.

Institutional Trading of NetEase

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Farther Finance Advisors LLC grew its position in NetEase by 81.7% during the fourth quarter. Farther Finance Advisors LLC now owns 338 shares of the technology company’s stock worth $30,000 after buying an additional 152 shares in the last quarter. Brooklyn Investment Group acquired a new position in shares of NetEase in the fourth quarter valued at $34,000. UMB Bank n.a. lifted its position in NetEase by 33.3% in the fourth quarter. UMB Bank n.a. now owns 444 shares of the technology company’s stock worth $40,000 after purchasing an additional 111 shares during the period. Live Oak Investment Partners acquired a new stake in NetEase during the fourth quarter worth $62,000. Finally, Avior Wealth Management LLC increased its holdings in NetEase by 148.9% in the 4th quarter. Avior Wealth Management LLC now owns 993 shares of the technology company’s stock valued at $89,000 after buying an additional 594 shares during the period. 11.07% of the stock is currently owned by institutional investors and hedge funds.

NetEase Company Profile

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.