A number of other analysts also recently weighed in on NTES. Vetr downgraded shares of NetEase from a buy rating to a hold rating and set a $266.16 target price on the stock. in a report on Monday. Credit Agricole SA upgraded shares of NetEase from an underperform rating to an outperform rating and set a $272.00 target price on the stock in a report on Monday, October 3rd. Jefferies Group started coverage on shares of NetEase in a report on Thursday, September 29th. They issued a hold rating and a $245.00 target price on the stock. Macquarie boosted their target price on shares of NetEase from $256.00 to $280.00 and gave the stock an outperform rating in a report on Wednesday, September 28th. Finally, Brean Capital restated a buy rating on shares of NetEase in a report on Wednesday, August 31st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of Buy and a consensus target price of $233.57.
NetEase (NASDAQ:NTES) traded down 2.51% during trading on Wednesday, reaching $254.85. 380,240 shares of the company were exchanged. The company’s 50-day moving average price is $235.25 and its 200-day moving average price is $186.91. The stock has a market capitalization of $33.41 billion, a P/E ratio of 24.40 and a beta of 1.04. NetEase has a 1-year low of $129.60 and a 1-year high of $270.93.
NetEase (NASDAQ:NTES) last announced its quarterly earnings results on Wednesday, August 17th. The company reported $3.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.61 by $1.06. NetEase had a net margin of 29.34% and a return on equity of 31.47%. On average, equities analysts forecast that NetEase will post $12.55 EPS for the current year.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of Montreal Can acquired a new stake in NetEase during the second quarter valued at approximately $36,500,000. Handelsbanken Fonder AB boosted its stake in NetEase by 46.2% in the second quarter. Handelsbanken Fonder AB now owns 530,619 shares of the company’s stock valued at $102,526,000 after buying an additional 167,600 shares during the last quarter. BlackRock Japan Co. Ltd boosted its stake in NetEase by 13.4% in the first quarter. BlackRock Japan Co. Ltd now owns 71,514 shares of the company’s stock valued at $10,268,000 after buying an additional 8,461 shares during the last quarter. Orbis Allan Gray Ltd purchased a new stake in NetEase during the first quarter valued at about $1,449,733,000. Finally, Origin Asset Management LLP boosted its stake in NetEase by 29.8% in the first quarter. Origin Asset Management LLP now owns 486,724 shares of the company’s stock valued at $69,884,000 after buying an additional 111,833 shares during the last quarter. Institutional investors and hedge funds own 59.57% of the company’s stock.
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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