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.
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.
COPYRIGHT VIOLATION NOTICE: “NetEase (NTES) Reaches New 52-Week High and Low at $251.83” was first posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this report on another website, it was illegally stolen and reposted in violation of US & international copyright and trademark laws. The legal version of this report can be viewed at https://www.dispatchtribunal.com/2018/04/26/netease-ntes-reaches-new-52-week-high-and-low-at-251-83.html.
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.
Receive News & Ratings for NetEase Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NetEase and related companies with MarketBeat.com's FREE daily email newsletter.