Shares of NetEase Inc. (NASDAQ:NTES) have earned a consensus rating of “Buy” from the sixteen research firms that are presently covering the stock. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, ten have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $220.01.
Several brokerages recently commented on NTES. Vetr downgraded NetEase from a “buy” rating to a “hold” rating and set a $266.16 price objective on the stock. in a research note on Monday. Credit Agricole SA raised NetEase from an “underperform” rating to an “outperform” rating and set a $272.00 price objective on the stock in a research note on Monday, October 3rd. Jefferies Group began coverage on NetEase in a research note on Thursday, September 29th. They set a “hold” rating and a $245.00 price objective on the stock. Macquarie raised their price objective on NetEase from $256.00 to $280.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 28th. Finally, Brean Capital reaffirmed a “buy” rating on shares of NetEase in a research note on Wednesday, August 31st.
A number of institutional investors have recently bought and sold shares of NTES. AXA boosted its position in NetEase by 60.0% in the second quarter. AXA now owns 800 shares of the company’s stock worth $155,000 after buying an additional 300 shares during the last quarter. Advisor Group Inc. acquired a new position in NetEase during the second quarter worth approximately $200,000. HBK Sorce Advisory LLC acquired a new position in NetEase during the second quarter worth approximately $232,000. Janney Montgomery Scott LLC acquired a new position in NetEase during the second quarter worth approximately $236,000. Finally, Ameritas Investment Partners Inc. acquired a new position in NetEase during the second quarter worth approximately $260,000. Institutional investors and hedge funds own 59.57% of the company’s stock.
NetEase (NASDAQ:NTES) traded up 3.67% during mid-day trading on Monday, hitting $262.23. The stock had a trading volume of 659,929 shares. The company has a market capitalization of $34.38 billion, a P/E ratio of 25.11 and a beta of 1.03. NetEase has a 52 week low of $128.81 and a 52 week high of $262.30. The stock’s 50-day moving average is $231.21 and its 200 day moving average is $184.50.
NetEase (NASDAQ:NTES) last issued its quarterly earnings data on Wednesday, August 17th. The company reported $3.67 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.61 by $1.06. NetEase had a return on equity of 31.47% and a net margin of 29.34%. Equities analysts forecast that NetEase will post $12.55 earnings per share for the current fiscal year.
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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