NetEase (NTES) Downgraded by ValuEngine to “Hold”

ValuEngine lowered shares of NetEase (NASDAQ:NTES) from a buy rating to a hold rating in a research report sent to investors on Saturday morning.

A number of other research analysts have also recently issued reports on NTES. Vetr raised shares of NetEase from a hold rating to a buy rating and set a $363.82 price objective on the stock in a research note on Monday, January 1st. Deutsche Bank set a $380.00 price objective on shares of NetEase and gave the company a buy rating in a research note on Tuesday, January 2nd. Barclays set a $315.00 price objective on shares of NetEase and gave the company an equal weight rating in a research note on Tuesday, January 2nd. BidaskClub cut shares of NetEase from a hold rating to a sell rating in a research note on Thursday, January 11th. Finally, Zacks Investment Research raised shares of NetEase from a strong sell rating to a hold rating in a research note on Wednesday, January 17th. Six equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of $334.94.

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Shares of NTES opened at $266.30 on Friday. NetEase has a 12 month low of $253.20 and a 12 month high of $377.64. The company has a market cap of $35,178.49, a PE ratio of 21.30, a price-to-earnings-growth ratio of 1.68 and a beta of 0.87.

NetEase (NASDAQ:NTES) last announced its earnings results on Wednesday, February 7th. The technology company reported $1.49 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.52 by ($0.03). NetEase had a return on equity of 24.93% and a net margin of 19.64%. The business had revenue of $2.25 billion for the quarter, compared to the consensus estimate of $2.27 billion. research analysts predict that NetEase will post 12 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. grew its stake in shares of NetEase by 5.2% during the fourth quarter. BlackRock Inc. now owns 4,963,150 shares of the technology company’s stock worth $1,712,636,000 after buying an additional 243,978 shares during the last quarter. Orbis Allan Gray Ltd grew its stake in shares of NetEase by 32.1% during the fourth quarter. Orbis Allan Gray Ltd now owns 4,119,291 shares of the technology company’s stock worth $1,421,444,000 after buying an additional 1,000,970 shares during the last quarter. Cornerstone Capital Management Holdings LLC. grew its stake in shares of NetEase by 69.5% during the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 3,300,425 shares of the technology company’s stock worth $1,138,877,000 after buying an additional 1,352,700 shares during the last quarter. Comgest Global Investors S.A.S. grew its stake in shares of NetEase by 0.4% during the fourth quarter. Comgest Global Investors S.A.S. now owns 2,274,160 shares of the technology company’s stock worth $784,745,000 after buying an additional 8,377 shares during the last quarter. Finally, UBS Asset Management Americas Inc. grew its stake in shares of NetEase by 179.7% during the fourth quarter. UBS Asset Management Americas Inc. now owns 1,907,384 shares of the technology company’s stock worth $658,181,000 after buying an additional 1,225,421 shares during the last quarter. 51.26% of the stock is currently owned by hedge funds and other institutional investors.

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NetEase Company Profile

NetEase, Inc operates an interactive online community in the People's Republic of China. The company operates through Online Game Services; Advertising Services; and E-mail, E-commerce and Others segments. It offers PC-client massively multi-player online role-playing games and mobile games; and distributes its point cards to gamers.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for NetEase (NASDAQ:NTES)

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