NetEase (NTES) Raised to “Outperform” at CLSA

NetEase (NASDAQ:NTES) was upgraded by investment analysts at CLSA from an “underperform” rating to an “outperform” rating in a report issued on Wednesday, The Fly reports.

A number of other analysts have also recently weighed in on the stock. Goldman Sachs reaffirmed a “buy” rating and set a $432.00 price target (up from $340.00) on shares of NetEase in a research report on Thursday, January 18th. They noted that the move was a valuation call. Vetr raised shares of NetEase from a “buy” rating to a “strong-buy” rating and set a $363.00 price target for the company in a research report on Tuesday, January 30th. BidaskClub cut shares of NetEase from a “sell” rating to a “strong sell” rating in a research report on Tuesday, January 23rd. Zacks Investment Research raised shares of NetEase from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 17th. Finally, Deutsche Bank set a $380.00 price target on shares of NetEase and gave the stock a “buy” rating in a research report on Tuesday, January 2nd. Five investment analysts have rated the stock with a sell rating, five have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. NetEase currently has a consensus rating of “Hold” and a consensus price target of $334.94.

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Shares of NASDAQ NTES opened at $257.00 on Wednesday. NetEase has a 52-week low of $251.83 and a 52-week high of $377.64. The firm has a market cap of $34,449.30, a PE ratio of 20.71, a P/E/G ratio of 1.65 and a beta of 0.87.

NetEase (NASDAQ:NTES) last announced its quarterly earnings results 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). 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 analysts’ expectations of $2.27 billion. sell-side analysts predict that NetEase will post 12 earnings per share for the current fiscal year.

Large investors have recently bought and sold shares of the business. Alkeon Capital Management LLC boosted its position 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 buying an additional 200,594 shares during the last quarter. AXA boosted its position in NetEase by 17.6% in the 4th quarter. AXA now owns 38,152 shares of the technology company’s stock valued at $13,165,000 after buying an additional 5,721 shares during the last quarter. Polaris Greystone Financial Group LLC boosted its position in NetEase by 9.8% in the 4th quarter. Polaris Greystone Financial Group LLC now owns 28,574 shares of the technology company’s stock valued at $9,860,000 after buying an additional 2,541 shares during the last quarter. Flossbach Von Storch AG boosted its position in NetEase by 116.7% in the 4th quarter. Flossbach Von Storch AG now owns 3,250 shares of the technology company’s stock valued at $1,121,000 after buying an additional 1,750 shares during the last quarter. Finally, BlackRock Inc. boosted its position in NetEase by 5.2% in the 4th quarter. BlackRock Inc. now owns 4,963,150 shares of the technology company’s stock valued at $1,712,636,000 after buying an additional 243,978 shares during the last quarter. 51.17% of the stock is owned by 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.

The Fly

Analyst Recommendations for NetEase (NASDAQ:NTES)

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