NetEase, Inc. (NASDAQ:NTES) gapped up prior to trading on Tuesday . The stock had previously closed at $309.10, but opened at $293.30. NetEase shares last traded at $288.84, with a volume of 1,149,307 shares changing hands.

Several research firms have recently commented on NTES. BidaskClub upgraded shares of NetEase from a “hold” rating to a “buy” rating in a report on Thursday, August 10th. Vetr lowered shares of NetEase from a “strong-buy” rating to a “buy” rating and set a $318.49 price target for the company. in a report on Monday, May 22nd. Deutsche Bank AG restated a “buy” rating and issued a $343.00 price target (up previously from $300.00) on shares of NetEase in a report on Tuesday, July 25th. Zacks Investment Research upgraded shares of NetEase from a “hold” rating to a “strong-buy” rating and set a $346.00 price target for the company in a report on Wednesday, July 12th. Finally, Standpoint Research lowered shares of NetEase from a “buy” rating to a “reduce” rating and boosted their price objective for the stock from $345.00 to $360.00 in a research note on Wednesday, June 7th. Four analysts have rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $304.19.

The firm has a 50 day moving average of $281.54 and a 200-day moving average of $288.34. The company has a market cap of $37.86 billion, a P/E ratio of 18.84 and a beta of 0.96. NetEase also saw unusually large options trading activity on Monday. Stock traders acquired 9,838 call options on the company. This is an increase of approximately 436% compared to the typical daily volume of 1,837 call options.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Friday, August 25th were issued a dividend of $0.83 per share. The ex-dividend date of this dividend was Wednesday, August 23rd. This represents a $3.32 dividend on an annualized basis and a yield of 1.13%. NetEase’s payout ratio is currently 25.07%.

A number of hedge funds have recently added to or reduced their stakes in the business. Dynamic Technology Lab Private Ltd raised its holdings in NetEase by 39.8% during the second quarter. Dynamic Technology Lab Private Ltd now owns 1,300 shares of the technology company’s stock worth $391,000 after purchasing an additional 370 shares in the last quarter. Mountain Capital Investment Advisors Inc acquired a new stake in NetEase during the second quarter worth approximately $253,000. National Asset Management Inc. raised its holdings in NetEase by 8.5% during the second quarter. National Asset Management Inc. now owns 1,742 shares of the technology company’s stock worth $524,000 after purchasing an additional 136 shares in the last quarter. Westwood Holdings Group Inc. raised its holdings in NetEase by 10.0% during the second quarter. Westwood Holdings Group Inc. now owns 245,589 shares of the technology company’s stock worth $73,831,000 after purchasing an additional 22,327 shares in the last quarter. Finally, Ameritas Investment Partners Inc. raised its holdings in NetEase by 1.3% during the second quarter. Ameritas Investment Partners Inc. now owns 1,366 shares of the technology company’s stock worth $411,000 after purchasing an additional 17 shares in the last quarter. 50.38% of the stock is currently owned by institutional investors.

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NetEase Company Profile

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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