NetEase (NTES) Given a $347.00 Price Target at Deutsche Bank

Deutsche Bank set a $347.00 price target on NetEase (NASDAQ:NTES) in a research note published on Thursday. The brokerage currently has a buy rating on the technology company’s stock.

Several other equities research analysts have also commented on the stock. Goldman Sachs restated a buy rating and issued a $432.00 price target (up previously from $340.00) on shares of NetEase in a report on Thursday, January 18th. They noted that the move was a valuation call. Vetr upgraded shares of NetEase from a buy rating to a strong-buy rating and set a $363.00 price target for the company in a report on Tuesday, January 30th. BidaskClub lowered shares of NetEase from a sell rating to a strong sell rating in a report on Tuesday, January 23rd. Zacks Investment Research upgraded shares of NetEase from a strong sell rating to a hold rating in a report on Wednesday, January 17th. Finally, CLSA upgraded shares of NetEase from a sell rating to an underperform rating in a report on Thursday, February 8th. Six research analysts have rated the stock with a sell rating, four have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of Hold and an average price target of $340.73.

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NetEase stock opened at $272.74 on Thursday. NetEase has a 1 year low of $253.20 and a 1 year high of $377.64. The stock has a market capitalization of $36,029.23, a price-to-earnings ratio of 21.98, a P/E/G ratio of 1.66 and a beta of 0.87.

NetEase (NASDAQ:NTES) last posted its quarterly earnings results on Wednesday, February 7th. The technology company reported $1.49 EPS for the quarter, missing the consensus estimate of $1.52 by ($0.03). NetEase had a net margin of 19.64% and a return on equity of 24.93%. The business had revenue of $2.25 billion during the quarter, compared to the consensus estimate of $2.27 billion. equities research analysts anticipate that NetEase will post 12.47 earnings per share for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of NTES. Raymond James Financial Services Advisors Inc. grew its position in NetEase by 133.6% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 1,691 shares of the technology company’s stock worth $446,000 after purchasing an additional 967 shares during the last quarter. Commonwealth Bank of Australia grew its position in NetEase by 400.0% during the 3rd quarter. Commonwealth Bank of Australia now owns 1,000 shares of the technology company’s stock worth $262,000 after purchasing an additional 800 shares during the last quarter. Schwab Charles Investment Management Inc. purchased a new stake in NetEase during the 3rd quarter worth approximately $4,644,000. Brown Advisory Inc. grew its position in NetEase by 64.4% during the 3rd quarter. Brown Advisory Inc. now owns 2,215 shares of the technology company’s stock worth $584,000 after purchasing an additional 868 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in NetEase by 0.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 429,555 shares of the technology company’s stock worth $113,230,000 after purchasing 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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