Press coverage about NetEase (NASDAQ:NTES) has been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. NetEase earned a news impact score of 0.10 on Accern’s scale. Accern also assigned media headlines about the technology company an impact score of 46.0728672613394 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:
- Innovative Zombie Mode & 50vs50 Group Battle Going Online Simultaneously (gamasutra.com)
- NetEase, Inc. (NASDAQ:NTES) – Analysts’ Suggestions to Watch – Nasdaq Journal (press release) (nasdaqjournal.com)
- Eye-Catching Shares: NetEase Inc (NASDAQ: NTES) – Alpha Beta Stock (alphabetastock.com)
- NetEase, Inc. (NASDAQ:NTES) – Hot Stock’s Watch List – Nasdaq Journal (press release) (nasdaqjournal.com)
- Comparing Liquidity Services (LQDT) and NetEase (NTES) (americanbankingnews.com)
Shares of NetEase (NASDAQ:NTES) opened at $345.07 on Friday. NetEase has a 12 month low of $214.75 and a 12 month high of $377.64. The firm has a market capitalization of $46,230.00, a P/E ratio of 22.72, a price-to-earnings-growth ratio of 1.95 and a beta of 0.95.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 8th. Shareholders of record on Friday, December 1st were paid a dividend of $0.717 per share. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $2.87 dividend on an annualized basis and a yield of 0.83%. NetEase’s dividend payout ratio (DPR) is presently 23.90%.
NetEase declared that its Board of Directors has approved a stock repurchase program on Wednesday, November 15th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the technology company to buy shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its shares are undervalued.
Several analysts have weighed in on NTES shares. Jefferies Group downgraded NetEase from a “buy” rating to a “hold” rating and reduced their price objective for the company from $330.00 to $290.00 in a research report on Tuesday, October 3rd. Vetr upgraded NetEase from a “buy” rating to a “strong-buy” rating and set a $320.50 price objective on the stock in a research report on Wednesday, September 20th. Benchmark reduced their target price on NetEase from $360.00 to $340.00 and set a “buy” rating on the stock in a research report on Thursday, November 16th. Deutsche Bank set a $334.00 target price on NetEase and gave the stock a “buy” rating in a research report on Thursday, November 16th. Finally, Citigroup reiterated a “buy” rating and set a $351.00 target price on shares of NetEase in a research report on Thursday, November 16th. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the company’s stock. NetEase currently has an average rating of “Hold” and an average price target of $327.05.
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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