In the last trading session, 6.57 million shares of the NetEase Inc. (NASDAQ:NTES) were traded, and its beta was 0.52. Most recently the company’s share price was $96.32, and it changed around $0.26 or 0.27% from the last close, which brings the market valuation of the company to $64.45B. NTES currently trades at a discount to its 52-week high of $134.33, offering almost -39.46% off that amount. The share price’s 52-week low was $77.97, which indicates that the current value has risen by an impressive 19.05% since then. We note from NetEase Inc.’s average daily trading volume that its 3-month average coming to 4.04 million.
NetEase Inc. stock received a consensus recommendation rating of a Buy, based on a mean score of 1.70. If we narrow it down even further, the data shows that 0 out of 34 analysts rate the stock as a Sell; another 3 rate it as Overweight. Among the rest, 2 recommended NTES as a Hold, whereas 29 deemed it a Buy, and 0 rated it as Underweight. NetEase Inc. is expected to report earnings per share of $0 for the current quarter.
NetEase Inc. (NASDAQ:NTES) trade information
Instantly NTES has showed a green trend with a performance of 0.27% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 97.36 on Friday, 10/08/21 increased the stock’s daily price by 1.07%. The company’s shares are currently up 0.57% year-to-date, but still up 14.94% over the last five days. On the other hand, NetEase Inc. (NASDAQ:NTES) is 8.33% up in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $810.84, which translates to bulls needing to increase their stock price by 88.12% from its current value. Analyst projections state that NTES is forecast to be at a low of $626.93 and a high of $937.16. In order for the stock price to hit the forecast high, the stock would need to plunge -872.97% from its current level, while the stock would need to crash -550.88% from its current level to reach the projected low.
NetEase Inc. (NTES) estimates and forecasts
NetEase Inc. share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -8.05 percent over the past six months and at a 21.74% annual growth rate that is well above the industry average of 17.60%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 11.40%. NetEase Inc. earnings are expected to increase by -11.80% in 2021, but the outlook is positive 3.21% per year for the next five years.
NetEase Inc.’s next quarterly earnings report is expected to be released around November 17 and November 22. The annual dividend yield of the stock is 0.83 percent and its annual dividend per share was 0.80. It is important to note, however, that the 0.83% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.
NetEase Inc. (NASDAQ:NTES)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 1.32% of NetEase Inc. shares, and 38.08% of them are in the hands of institutional investors. The stock currently has a share float of 38.59%. NetEase Inc. stock is held by 861 institutions, with Blackrock Inc. being the largest institutional investor. By Jun 29, 2021, it held 3.66% of the shares, which is about 24.53 million shares worth $2.83 billion.
Orbis Allan Gray Ltd, with 2.75% or 18.47 million shares worth $2.13 billion as of Jun 29, 2021, holds the second largest percentage of outstanding shares.
Invesco Developing Markets Fund and Vanguard International Stock Index-Emerging Markets Stk were the top two Mutual Funds as of Jul 30, 2021. The former held 9.02 million shares worth $921.5 million, making up 1.34% of all outstanding shares. On the other hand, Vanguard International Stock Index-Emerging Markets Stk held roughly 3.99 million shares worth around $407.89 million, which represents about 0.59% of the total shares outstanding.