BidaskClub Downgrades NetEase (NTES) to Strong Sell

NetEase (NASDAQ:NTES) was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Friday.

NTES has been the subject of a number of other research reports. ValuEngine downgraded shares of NetEase from a “hold” rating to a “sell” rating in a research report on Thursday, March 29th. Barclays set a $315.00 price objective on shares of NetEase and gave the stock an “equal weight” rating in a research report on Tuesday, January 2nd. Vetr downgraded shares of NetEase from a “strong-buy” rating to a “buy” rating and set a $363.82 price objective for the company. in a research report on Monday, December 11th. Benchmark upped their price target on shares of NetEase to $355.00 and gave the stock a “buy” rating in a research report on Tuesday, February 6th. Finally, Sanford C. Bernstein set a $285.00 price target on shares of NetEase and gave the stock a “sell” rating in a research report on Tuesday, February 27th. Six analysts have rated the stock with a sell rating, four have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. NetEase presently has a consensus rating of “Hold” and a consensus target price of $340.73.

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Shares of NetEase stock opened at $272.74 on Friday. The stock has a market capitalization of $36,029.23, a price-to-earnings ratio of 21.98, a PEG ratio of 1.66 and a beta of 0.87. NetEase has a fifty-two week low of $253.20 and a fifty-two week high of $377.64.

NetEase (NASDAQ:NTES) last issued its quarterly earnings data on Wednesday, February 7th. The technology company reported $1.49 earnings per share for the quarter, missing analysts’ consensus estimates of $1.52 by ($0.03). The firm had revenue of $2.25 billion during the quarter, compared to analyst estimates of $2.27 billion. NetEase had a return on equity of 24.93% and a net margin of 19.64%. sell-side analysts expect that NetEase will post 12.47 EPS for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in NTES. TT International acquired a new stake in NetEase in the 3rd quarter valued at about $17,715,000. Alkeon Capital Management LLC raised its holdings in NetEase by 100.5% in the 4th quarter. Alkeon Capital Management LLC now owns 400,201 shares of the technology company’s stock valued at $138,097,000 after acquiring an additional 200,594 shares during the last quarter. AXA raised its holdings in NetEase by 5.9% in the 3rd quarter. AXA now owns 32,431 shares of the technology company’s stock valued at $8,555,000 after acquiring an additional 1,820 shares during the last quarter. Capital International Investors acquired a new stake in NetEase in the 3rd quarter valued at about $180,472,000. Finally, Dimensional Fund Advisors LP raised its holdings in NetEase by 0.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 429,555 shares of the technology company’s stock valued at $113,230,000 after acquiring an additional 1,894 shares during the last quarter. Hedge funds and other institutional investors own 51.27% of the company’s stock.

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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.

Analyst Recommendations for NetEase (NASDAQ:NTES)

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