NetEase, Inc.: Leading the way in China’s booming Internet technology industry

NetEase, Inc.: Leading the way in China's booming Internet technology industry

NetEase, Inc.: A booming Internet technology company

NetEase, Inc. (NASDAQ:NTES) is China’s leading technology company providing premium online content, community, communication and commerce services. The company’s reputation precedes it as it has developed and operates some of the most popular mobile games in China, making it a household name in the country.

Raymond James & Associates recently sold 73.4% of NetEase’s shares during the fourth quarter, according to its latest Form 13F filed with the Securities & Exchange Commission. This shift in property positions suggests an opportunity for smart investors who are looking to profitably enter this burgeoning market.

In partnership with global game developers such as Blizzard Entertainment and Mojang AB (a subsidiary of Microsoft), NetEase also operates some of the most popular international online games in China. This is hardly surprising as gaming continues to be one of the fastest growing industries globally, allowing companies to collaborate or develop new offerings for their user communities with endless possibilities.

In addition, NetEase announced a quarterly dividend payment on June 26 that will reward its shareholders who are still on file by June 9 with a $0.465 per share payout due to a 36.93% payout ratio increase. With an annualized dividend rate now set at $1.86 and a yield of 2.17%, this move should work positively for both companies’ profitability while facilitating more growth.

As barriers continue to break down between China’s vast tech industry and the rest of the world through partnerships like these (and others), people could benefit from keeping an eye on NetEase stock price trends and upcoming company reports as they ponder whether whether or not they see potential value within their industry hierarchy.

The future is bright for companies in the internet technology space; growing worldwide demand for cloud computing capabilities and remote access to information means the opportunities are virtually limitless. As more people embrace digital transformation into every aspect of their daily routines, it is evident that NetEase’s growth potential could yet lead to more impressive milestones in the coming years.

NTES extension

Strong purchase

Updated on: 03/06/2023

Price target

Current $86.61

Consent $124.80


Bass $110.00

Median $123.00

High $140.00

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Social Feelings

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Analyst ratings

Analyst / company Assessment
citigroup Acquire

Esme Pau
Macquarie

Acquire
HSBC extension Acquire

Sophia Huang
CMB International Titles

Acquire

Julia Pan
UOB Kay Hian

Acquire

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Investors note the surge in NetEase’s stock performance and praise from analysts


NetEase, Inc., a China-based technology company, has recently attracted the attention of a number of institutional investors. Evidently, Mondrian Investment Partners LTD acquired $39,000 worth of NetEase shares during the fourth quarter of 2020, while Belpointe Asset Management LLC invested the same amount in the fourth quarter as well. FourThought Financial LLC increased its stake in NetEase by 86.6% to 698 shares valued at $53,000 after purchasing an additional 324 shares during the closing quarter of the third quarter. Hollencrest Capital Management made an investment of approximately $67,000 in NetEase’s stock during the fourth quarter of 2020. FNY Investment Advisers LLC increased its stake in the company by more than 105% to control 1,000 shares worth $72,000 after buying another 513 shares during the same quarter.

Currently trading on the NASDAQ:NTES at $85.78 a share (as of Friday), the company’s financial position remains impressive with a current ratio and a quick ratio of 2.33 and 2.31, respectively. Also, as seen in the stock performance history tracked from May last year to May this year, their lowest price point was recorded at $53.09 while their high hit $108.77. showing a spread that equates to more than double the price difference for investors.

Also, it is noteworthy that NetEase has seen an increase in rating from top analysts. For example, according to recent reports from StockNews.com and Morgan Stanley, NetEase received a “strong buy” rating with Morgan Stanley raising its price target from $115 to $120 respectively on Friday of last week.

Other firms such as Benchmark have raised price targets for NTES stock from $104 to reach as high as $118, and similar numbers have been noted among others such as UBS.

In summary: With a market capitalization value approaching approximately US$56.17 billion and growing confidence in its profitability established by investors showing interest in the company through share purchases accompanied by praise from analysts, it seems reasonable to keep an eye on NetEase and potentially consider investing in their stock.


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