NetEase (NTES) Reaches New 52-Week High and Low at $251.83

Shares of NetEase (NASDAQ:NTES) hit a new 52-week high and low during trading on Tuesday . The stock traded as low as $251.83 and last traded at $254.08, with a volume of 1358240 shares. The stock had previously closed at $260.78.

NTES has been the topic of several research analyst reports. Vetr upgraded shares of NetEase from a “hold” rating to a “buy” rating and set a $363.82 price target on the stock in a research note on Monday, January 1st. 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. Barclays set a $315.00 price target on shares of NetEase and gave the stock 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 upgraded shares of NetEase from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 17th. Five analysts have rated the stock with a sell rating, five have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. NetEase currently has an average rating of “Hold” and an average price target of $334.94.

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The stock has a market cap of $33,566.86, a PE ratio of 20.44, a PEG ratio of 1.60 and a beta of 0.87.

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

A number of large investors have recently modified their holdings of NTES. Schwab Charles Investment Management Inc. bought a new position in NetEase during the 3rd quarter valued at about $4,644,000. Ladenburg Thalmann Financial Services Inc. grew its holdings in NetEase by 117.6% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 494 shares of the technology company’s stock valued at $131,000 after purchasing an additional 267 shares during the last quarter. Aurora Investment Counsel bought a new position in NetEase during the 4th quarter valued at about $3,805,000. Daiwa SB Investments Ltd. grew its holdings in NetEase by 9.6% during the 4th quarter. Daiwa SB Investments Ltd. now owns 9,100 shares of the technology company’s stock valued at $3,140,000 after purchasing an additional 800 shares during the last quarter. Finally, Hikari Power Ltd bought a new position in NetEase during the 4th quarter valued at about $242,000. Institutional investors own 51.17% of the company’s stock.

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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.

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