NetEase, Inc. (NTES) Announces Dividend Increase - $1.01 Per Share

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NetEase, Inc. (NTES) Announces Dividend Increase - $1.01 Per Share

NetEase, Inc. stock trades in the range of $254.00 to $261.29 before the earnings release. The company has a total of 141.32 Million shares outstanding. Prudential PLC's holdings in NetEase were worth $7,839,000 at the end of the most recent reporting period. The company has reported foreign exchange gains of $21.1 million.

At the moment 22 analysts are watching NetEase, Inc. Investors might consider the stock as a long term growth candidate as the firm has yielded 24.30% earnings per share growth over the past 5 years and 32.90% revenue growth over that same time frame. Catalyst Capital Advisors LLC acquired a new position in NetEase during the third quarter valued at approximately $110,000. It has been recommended as "Buy Opinions" from 12 and 0 suggested "Sell Thoughts" for the stock. Harvard Management Co. Inc. now owns 39,754 shares of the company's stock worth $9,572,000 after buying an additional 2,276 shares in the last quarter.

Shares of NetEase, Inc. The company's stock had a trading volume of 1,461,065 shares. Shares of NetEase, Inc.'s (NTES) are trading -3.62% downward from the 52-week high mark and 102.44% above from the fifty two-week low mark. Yet few things changed about the average investor's views on the current state of the stock market, and several stocks climbed higher as earnings season begins to draw toward a close. The company has a 50 day moving average of $244.33 and a 200-day moving average of $234.60.

In addition to the big bottom-line gains, NetEase gave shareholders a almost 30% increase to its quarterly dividend, and CEO William Ding believes that the company is well positioned to keep taking advantage of favorable trends to drive not only its gaming empire but also ancillary businesses like e-commerce forward. The move reflects NetEase's ongoing policy to return about 25% of its net income each quarter in the form of a dividend.

The stock decreased 1.79% or $4.66 during the last trading session, hitting $260.88. NetEase's dividend payout ratio is now 25.15%. (NASDAQ:NTES). On 11-Jan-17 Bernstein Initiated NetEase, Inc. If you are viewing this news story on another publication, it was illegally stolen and reposted in violation of U.S. and global trademark & copyright legislation. The correct version of this piece of content can be read at This is based on the research brokerage reports taken into consideration by Thomson Reuters. CICC Research upgraded NetEase to a "buy" rating and set a $345.00 price target on the stock in a research report on Wednesday, October 12th. Finally, Goldman Sachs Group, Inc. The consensus price target (PT) of $278.34 means that the market expects Company shares to increase by 6.7% in the short run.

Thanks to its robust game pipeline and the cooperation with leading game companies worldwide such as Blizzard Entertainment and Mojang AB, NetEase achieved another year of excellent operational and financial results, winning the top developer award on App Store and Google Play. Net revenues from e-mail, e-commerce and others were RMB8.0 billion (US$1.2 billion) for 2016, up 117.5% year-over-year.

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