Vetr downgraded shares of NetEase Inc. (NASDAQ:NTES) from a buy rating to a hold rating in a research report sent to investors on Monday morning. They currently have $266.16 target price on the stock.
Other equities research analysts also recently issued research reports about the company. Brean Capital reaffirmed a buy rating on shares of NetEase in a report on Wednesday, August 31st. Deutsche Bank AG increased their price target on NetEase from $190.00 to $207.00 and gave the company a buy rating in a research note on Friday, June 24th. Zacks Investment Research upgraded NetEase from a hold rating to a buy rating and set a $232.00 price target for the company in a research note on Thursday, July 28th. Jefferies Group assumed coverage on NetEase in a research note on Thursday, September 29th. They issued a hold rating and a $245.00 price target for the company. Finally, Credit Suisse Group AG assumed coverage on NetEase in a research note on Friday, August 19th. They issued a neutral rating and a $230.00 price target for the company. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. NetEase has an average rating of Buy and a consensus target price of $233.57.
NetEase (NASDAQ:NTES) opened at 261.98 on Monday. NetEase has a 1-year low of $129.60 and a 1-year high of $270.93. The firm has a 50-day moving average price of $236.70 and a 200-day moving average price of $187.44. The firm has a market capitalization of $34.35 billion, a PE ratio of 25.08 and a beta of 1.04.
NetEase (NASDAQ:NTES) last issued its earnings results on Wednesday, August 17th. The company reported $3.67 earnings per share for the quarter, beating the Zacks’ 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 expect that NetEase will post $12.55 earnings per share for the current fiscal year.
Several hedge funds have recently made changes to their positions in NTES. Rafferty Asset Management LLC purchased a new stake in shares of NetEase during the first quarter valued at approximately $756,000. Credit Agricole S A increased its stake in shares of NetEase by 176.2% in the first quarter. Credit Agricole S A now owns 214,432 shares of the company’s stock valued at $30,789,000 after buying an additional 136,806 shares during the last quarter. Alpine Partners VI LLC purchased a new stake in shares of NetEase during the first quarter valued at approximately $283,000. Aviva PLC increased its stake in shares of NetEase by 7.3% in the first quarter. Aviva PLC now owns 5,900 shares of the company’s stock valued at $847,000 after buying an additional 400 shares during the last quarter. Finally, ING Groep NV purchased a new stake in shares of NetEase during the first quarter valued at approximately $1,553,000. Hedge funds and other institutional investors own 59.57% of the company’s stock.
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.
To view Vetr’s full report, visit Vetr’s official website.
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