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NetEase Inc. (NTES) Analysis & Forecast for 2021

NetEase Inc. (NASDAQ: NTES) is 19.32% higher on its value in year-to-date trading and has touched a low of $64.88 and a high of $134.33 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The NTES stock was last observed hovering at around $111.70 in the last trading session, with the day’s gains setting it 2.57% off its average median price target of $878.13 for the next 12 months. It is also 88.98% off the consensus price target high of $1037.14 offered by 41 analysts, but current levels are 80.5% higher than the price target low of $586.04 for the same period.

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Currently trading at $114.27, the stock is 6.85% and 4.69% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.72 million and changing 2.30% at the moment leaves the stock 14.49% off its SMA200. NTES registered 61.69% gain for a year compared to 6-month gain of 31.78%. The firm has a 50-day simple moving average (SMA 50) of $106.66 and a 200-day simple moving average (SMA200) of $102.58.

The stock witnessed a 10.84% loss in the last 1 month and extending the period to 3 months gives it a -4.05%, and is 4.90% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.40% over the week and 2.57% over the month.

NetEase Inc. (NTES) has around 20797 employees, a market worth around $78.07B and $11.35B in sales. Current P/E ratio is 40.90 and Fwd P/E is 23.38. Profit margin for the company is 32.40%. Distance from 52-week low is 76.11% and -14.93% from its 52-week high. The company has generated returns on investments over the last 12 months (13.90%).

NetEase Inc. (NTES) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for NetEase Inc. (NTES) is a “Buy”. 41 analysts offering their recommendations for the stock have an average rating of 1.80, where 3 rate it as a Hold and 3 think it is a “Overweight”. 33 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.

NetEase Inc. is expected to release its quarterly report on 08/11/2021 and quarterly earnings per share for the current quarter are estimated at $0.96 with sales reaching $3.1B over the same period.The EPS is expected to grow by 60.30% this year, but quarterly earnings will post 21.30% year-over-year. Quarterly sales are estimated to grow 39.00% in year-over-year returns.

NetEase Inc. (NTES) Top Institutional Holders

849 institutions hold shares in NetEase Inc. (NTES), with 8.63M shares held by insiders accounting for 1.28% while institutional investors hold 37.56% of the company’s shares. The shares outstanding are 676.81M, and float is at 390.07M with Short Float at 1.66%. Institutions hold 37.08% of the Float.

The top institutional shareholder in the company is Blackrock Inc. with over 22.48 million shares valued at $2.15 billion. The investor’s holdings represent 3.25% of the NTES Shares outstanding. As of Dec 30, 2020, the second largest holder is Orbis Allan Gray Ltd with 20.35 million shares valued at $1.95 billion to account for 2.94% of the shares outstanding. The other top investors are Ubs Asset Management Americas Inc which holds 13.96 million shares representing 2.02% and valued at over $1.34 billion, while Vanguard Group, Inc. (The) holds 1.96% of the shares totaling 13.56 million with a market value of $1.3 billion.

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NetEase Inc. (NTES): Who are the competitors?

The company’s main competitors (and peers) include Baidu Inc. (BIDU) that is trading 122.21% up over the past 12 months. Short interest in the company’s stock has risen 8.73% from the last report on Apr 14, 2021 to stand at a total of 6.48 million short shares sold with a short interest ratio of 3.37.

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