NetEase (NTES) Price Target Increased to $300.00 by Analysts at Barclays

NetEase (NASDAQ:NTES) had its target price lifted by investment analysts at Barclays from $275.00 to $300.00 in a report released on Tuesday, Marketbeat Ratings reports. The firm currently has an “overweight” rating on the technology company’s stock. Barclays‘s price target indicates a potential upside of 14.34% from the stock’s previous close. The analysts noted that the move was a valuation call.

A number of other research firms have also recently weighed in on NTES. Zacks Investment Research raised shares of NetEase from a “sell” rating to a “hold” rating and set a $311.00 price objective for the company in a research report on Wednesday, April 24th. BidaskClub raised shares of NetEase from a “buy” rating to a “strong-buy” rating in a research report on Friday, April 5th. ValuEngine raised shares of NetEase from a “hold” rating to a “buy” rating in a research report on Thursday, April 4th. TH Capital increased their price objective on shares of NetEase from $270.00 to $310.00 and gave the stock a “buy” rating in a research report on Monday. Finally, Sanford C. Bernstein assumed coverage on shares of NetEase in a research report on Monday, January 14th. They set a “mkt perform” rating and a $240.00 price objective for the company. Three research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $277.45.

Shares of NTES stock opened at $262.37 on Tuesday. NetEase has a 52 week low of $184.60 and a 52 week high of $289.68. The company has a market capitalization of $33.43 billion, a price-to-earnings ratio of 38.19, a price-to-earnings-growth ratio of 24.89 and a beta of 0.81.

NetEase (NASDAQ:NTES) last issued its quarterly earnings results on Wednesday, February 20th. The technology company reported $1.92 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.51 by $0.41. The company had revenue of $2.89 billion during the quarter, compared to analysts’ expectations of $2.91 billion. NetEase had a net margin of 9.12% and a return on equity of 13.60%. During the same quarter last year, the company posted $2.18 EPS. As a group, equities research analysts forecast that NetEase will post 7.31 earnings per share for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the company. Lindbrook Capital LLC purchased a new stake in shares of NetEase during the 4th quarter worth $31,000. Lavaca Capital LLC acquired a new stake in NetEase during the 4th quarter worth $62,000. Atlas Capital Advisors LLC acquired a new stake in NetEase during the 4th quarter worth $64,000. Quadrant Capital Group LLC raised its stake in NetEase by 775.9% during the 4th quarter. Quadrant Capital Group LLC now owns 508 shares of the technology company’s stock worth $116,000 after acquiring an additional 450 shares in the last quarter. Finally, Stelac Advisory Services LLC acquired a new stake in NetEase during the 4th quarter worth $119,000. 44.96% of the stock is owned by institutional investors and hedge funds.

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.

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Analyst Recommendations for NetEase (NASDAQ:NTES)

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