NetEase, Inc. (NASDAQ:NTES).
On September 21 the stock rating was upgraded to “Buy” from “” in a report issued by Daiwa Capital. On July 18 analysts at Brean Capital initiated coverage on the stock giving it an initial rating of “Buy” and establishing a price target of $235.00.
On May 12 the company was upgraded from “Neutral” to “Buy” in an announcement from Nomura. On February 25 JP Morgan left the company rating at “Overweight” and raised the price expectation from $181.00 to $185.00.
January 27 investment analysts at Macquarie kept the company rating at “Outperform” and lowered the price target to $180.00 from $185.00.
The company is trading down by -0.58 percent from yesterday’s close. NetEase, Inc. recently announced a dividend for shareholders paid on Friday the 9th of September 2016. The dividend was $0.780 per share for the quarter or $3.12 on an annualized basis. The dividend yield was $1.26. The ex-dividend date was set for Monday the 29th of August 2016.
Shares are trading at $242.74 a tad above the 50 day moving average of $221.87 and which is marginally higher than the 200 day moving average of $179.31. The 50 day moving average was up $21.04 or +9.48% and the 200 day average went up by +35.47%.
The most current P/E ratio is 23.24 and market capitalization is 31.85B. As of the last earnings report the EPS was $10.45 and is projected to be $12.40 for the current year with 131,115,000 shares now outstanding. Next quarter’s EPS is estimated at $3.13 with next year’s EPS projected to be $14.44.
Short traders are feeling a little more bullish on the company if you put credence in the decrease in short interest. The stock experienced a fall in short interest of -0.05% as of September 15, 2016 from the last reporting period. Short shares decreased from 3,855,321 to 3,671,865 over that period. With short interest at 3,671,865 and short average daily volume at 1,560,624, the short-interest ratio is 2.4 and the percentage of shorted shares is 0.03% as of September 15.