News coverage about NetEase (NASDAQ:NTES) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies positive and negative press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. NetEase earned a coverage optimism score of 0.25 on Accern’s scale. Accern also assigned news stories about the technology company an impact score of 0 out of 100, meaning that recent press coverage is extremely unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the media headlines that may have impacted Accern Sentiment’s analysis:
- The Symmetry Peak Management LLC Acquires Shares of 5000 NetEase, Inc. (NTES) (thewestcoastsportsblog.com)
- NetEase (NTES) Announces Zhaoxuan Yang as New CFO (streetinsider.com)
- NetEase Appoints New Chief Financial Officer (finance.yahoo.com)
- Crusaders of Light Brings 40-Person Raids to the App Store on July 13 and Google Play on July 20 (finance.yahoo.com)
- As Netease INC (NTES) Stock Declined, Holder Comgest Global Investors Sas Lowered Stake by $43.47 Million – KL Daily (kldaily.com)
Several analysts recently weighed in on NTES shares. Instinet cut shares of NetEase from a “buy” rating to a “neutral” rating and cut their price target for the company from $307.00 to $297.00 in a report on Thursday, May 11th. BidaskClub cut shares of NetEase from a “strong-buy” rating to a “buy” rating in a report on Friday, June 16th. Jefferies Group LLC restated a “buy” rating and set a $330.00 target price on shares of NetEase in a report on Friday, June 16th. Vetr upgraded shares of NetEase from a “buy” rating to a “strong-buy” rating and set a $334.49 target price on the stock in a report on Tuesday, March 14th. Finally, Standpoint Research cut shares of NetEase from a “buy” rating to a “reduce” rating and upped their price target for the stock from $345.00 to $360.00 in a research note on Wednesday, June 7th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $295.84.
Shares of NetEase (NASDAQ NTES) opened at 320.64 on Tuesday. NetEase has a 52-week low of $165.15 and a 52-week high of $337.55. The stock’s 50 day moving average is $289.21 and its 200 day moving average is $267.72. The stock has a market cap of $42.17 billion, a price-to-earnings ratio of 22.09 and a beta of 0.85.
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 2nd. Stockholders of record on Friday, May 26th were paid a $1.08 dividend. This represents a $4.32 annualized dividend and a dividend yield of 1.35%. The ex-dividend date was Wednesday, May 24th. NetEase’s payout ratio is 25.09%.
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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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