Shares of NetEase Inc (NASDAQ:NTES) have been assigned an average recommendation of “Hold” from the eighteen brokerages that are covering the stock, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a sell recommendation, four have given a hold recommendation, seven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $344.77.
A number of research analysts have commented on NTES shares. Benchmark raised their price target on shares of NetEase to $355.00 and gave the stock a “buy” rating in a research note on Tuesday, February 6th. Vetr cut shares of NetEase from a “strong-buy” rating to a “buy” rating and set a $355.00 price target for the company. in a research note on Monday, January 22nd. Goldman Sachs restated a “buy” rating and set a $432.00 price target (up previously from $340.00) on shares of NetEase in a research note on Thursday, January 18th. They noted that the move was a valuation call. Deutsche Bank set a $380.00 price target on shares of NetEase and gave the stock a “buy” rating in a research note on Tuesday, January 2nd. Finally, Nomura cut their price target on shares of NetEase to $399.00 and set a “buy” rating for the company in a research note on Thursday, March 29th.
Shares of NTES opened at $272.74 on Wednesday. The stock has a market cap of $36,733.32, a price-to-earnings ratio of 22.25, a price-to-earnings-growth ratio of 1.69 and a beta of 0.87. NetEase has a 12 month low of $253.20 and a 12 month high of $377.64.
NetEase (NASDAQ:NTES) last announced its quarterly earnings results on Wednesday, February 7th. The technology company reported $1.49 EPS for the quarter, missing analysts’ consensus estimates of $1.52 by ($0.03). The business had revenue of $2.25 billion for the quarter, compared to the consensus estimate of $2.27 billion. NetEase had a return on equity of 24.93% and a net margin of 19.64%. equities analysts expect that NetEase will post 12.47 EPS for the current year.
Several large investors have recently bought and sold shares of NTES. Raymond James Financial Services Advisors Inc. raised its stake in shares of NetEase by 133.6% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 1,691 shares of the technology company’s stock valued at $446,000 after acquiring an additional 967 shares during the last quarter. Great West Life Assurance Co. Can increased its holdings in shares of NetEase by 2.0% in the third quarter. Great West Life Assurance Co. Can now owns 40,131 shares of the technology company’s stock valued at $10,340,000 after purchasing an additional 772 shares in the last quarter. Commonwealth Bank of Australia increased its holdings in shares of NetEase by 400.0% in the third quarter. Commonwealth Bank of Australia now owns 1,000 shares of the technology company’s stock valued at $262,000 after purchasing an additional 800 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its holdings in shares of NetEase by 1.3% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 132,570 shares of the technology company’s stock valued at $34,973,000 after purchasing an additional 1,638 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. acquired a new stake in shares of NetEase in the third quarter valued at approximately $4,644,000. Institutional investors own 51.27% of the company’s stock.
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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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