Shares of NetEase Inc (NASDAQ:NTES) have received a consensus recommendation of “Buy” from the seventeen brokerages that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and twelve have issued a buy recommendation on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $287.21.
NTES has been the topic of several analyst reports. Jefferies Financial Group initiated coverage on shares of NetEase in a report on Monday, August 5th. They issued a “buy” rating and a $274.60 target price on the stock. Tigress Financial initiated coverage on shares of NetEase in a report on Friday, August 16th. They issued a “buy” rating on the stock. Nomura lifted their target price on shares of NetEase from $288.00 to $317.00 and gave the company a “buy” rating in a report on Monday, September 9th. Goldman Sachs Group downgraded shares of NetEase from a “buy” rating to a “neutral” rating in a report on Sunday, August 11th. Finally, BidaskClub raised shares of NetEase from a “strong sell” rating to a “sell” rating in a report on Monday, August 12th.
Shares of NASDAQ:NTES traded up $7.55 during midday trading on Monday, hitting $276.34. The stock had a trading volume of 37,975 shares, compared to its average volume of 660,897. The company has a market capitalization of $33.14 billion, a PE ratio of 40.26, a P/E/G ratio of 0.75 and a beta of 0.82. The stock has a 50 day moving average price of $264.14 and a two-hundred day moving average price of $259.16. NetEase has a 1 year low of $188.05 and a 1 year high of $289.68.
NetEase (NASDAQ:NTES) last issued its earnings results on Wednesday, August 7th. The technology company reported $3.44 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.29 by $1.15. The business had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.73 billion. NetEase had a net margin of 11.86% and a return on equity of 18.39%. Equities analysts forecast that NetEase will post 10.81 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. UBS Asset Management Americas Inc. raised its position in NetEase by 14.0% during the second quarter. UBS Asset Management Americas Inc. now owns 1,884,467 shares of the technology company’s stock worth $481,990,000 after acquiring an additional 231,581 shares during the last quarter. William Blair Investment Management LLC raised its position in NetEase by 29.7% during the second quarter. William Blair Investment Management LLC now owns 896,349 shares of the technology company’s stock worth $229,233,000 after acquiring an additional 204,989 shares during the last quarter. Coatue Management LLC acquired a new position in NetEase during the second quarter worth about $209,549,000. Genesis Asset Managers LLP acquired a new position in NetEase during the second quarter worth about $194,253,000. Finally, Acadian Asset Management LLC raised its position in NetEase by 350.3% during the second quarter. Acadian Asset Management LLC now owns 457,940 shares of the technology company’s stock worth $117,127,000 after acquiring an additional 356,243 shares during the last quarter. Hedge funds and other institutional investors own 46.87% of the company’s stock.
NetEase Company Profile
NetEase, Inc operates an interactive online community in the People's Republic of China. The company operates in four segments: Online Games Services, E-Commerce, Advertising Services, and Innovative Businesses and Other Services. It offers various games in a range of genres through mobile devices and PCs, including role-playing games, MMORPGs, battle arena games, simulation games, collectible card games, first-person shooter games, sandbox games, and other types of games to the Chinese market.
Read More: Bond
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.