T.H. Capital reiterated their buy rating on shares of NetEase Inc. (NASDAQ:NTES) in a research note issued to investors on Thursday. They currently have a $297.00 price target on the stock, up from their prior price target of $227.00.
Other equities research analysts have also recently issued reports about the stock. Brean Capital reiterated a buy rating on shares of NetEase in a report on Tuesday, August 2nd. Zacks Investment Research cut shares of NetEase from a strong-buy rating to a hold rating in a report on Wednesday, July 27th. Vetr cut shares of NetEase from a buy rating to a hold rating and set a $212.23 price objective for the company. in a report on Monday, August 15th. Deutsche Bank AG upped their price objective on shares of NetEase from $190.00 to $207.00 and gave the stock a buy rating in a report on Friday, June 24th. Finally, Macquarie upped their price target on shares of NetEase from $256.00 to $280.00 and gave the company an outperform rating in a report on Wednesday, September 28th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. NetEase has a consensus rating of Buy and a consensus price target of $233.57.
Shares of NetEase (NASDAQ:NTES) traded down 0.46% during trading on Thursday, reaching $260.78. The company’s stock had a trading volume of 1,129,447 shares. The stock has a market capitalization of $34.19 billion, a price-to-earnings ratio of 24.97 and a beta of 1.04. The company’s 50-day moving average price is $236.70 and its 200 day moving average price is $187.44. NetEase has a 1-year low of $129.60 and a 1-year high of $272.58.
NetEase (NASDAQ:NTES) last issued its quarterly earnings data on Wednesday, August 17th. The company reported $3.67 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.61 by $1.06. NetEase had a net margin of 29.34% and a return on equity of 31.47%. Analysts anticipate that NetEase will post $12.55 EPS for the current year.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Orbis Allan Gray Ltd acquired a new position in NetEase during the first quarter valued at about $1,449,733,000. Lazard Asset Management LLC raised its position in NetEase by 0.4% in the first quarter. Lazard Asset Management LLC now owns 5,028,755 shares of the company’s stock valued at $722,028,000 after buying an additional 21,375 shares during the period. Comgest Global Investors S.A.S. raised its position in NetEase by 0.4% in the second quarter. Comgest Global Investors S.A.S. now owns 2,921,119 shares of the company’s stock valued at $564,418,000 after buying an additional 12,423 shares during the period. Renaissance Technologies LLC raised its position in NetEase by 9.6% in the first quarter. Renaissance Technologies LLC now owns 2,187,700 shares of the company’s stock valued at $314,110,000 after buying an additional 191,600 shares during the period. Finally, BlackRock Institutional Trust Company N.A. raised its position in NetEase by 39.1% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 1,837,876 shares of the company’s stock valued at $355,114,000 after buying an additional 516,959 shares during the period. 59.57% of the stock is owned by hedge funds and other institutional investors.
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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