NetEase Inc (NTES) Receives $279.11 Average Target Price from Analysts

Shares of NetEase Inc (NASDAQ:NTES) have received an average rating of “Buy” from the seventeen ratings firms that are currently covering the company. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $282.39.

Several research analysts have weighed in on the company. Benchmark Co. assumed coverage on NetEase in a research report on Tuesday. They set a “buy” rating and a $325.00 price objective on the stock. Vetr cut NetEase from a “buy” rating to a “sell” rating and set a $230.50 price objective on the stock. in a research report on Wednesday, January 11th. Jefferies Group LLC increased their price objective on NetEase from $261.00 to $300.00 and gave the stock a “buy” rating in a research report on Thursday, February 16th. Sanford C. Bernstein assumed coverage on NetEase in a research report on Wednesday, January 11th. They set an “underperform” rating and a $200.00 price objective on the stock. Finally, Zacks Investment Research cut NetEase from a “hold” rating to a “sell” rating in a research report on Thursday, January 12th.

Hedge funds have recently added to or reduced their stakes in the stock. American International Group Inc. raised its stake in NetEase by 0.3% in the third quarter. American International Group Inc. now owns 4,396 shares of the technology company’s stock valued at $1,058,000 after buying an additional 13 shares during the period. HBK Sorce Advisory LLC increased its position in NetEase by 1.4% in the third quarter. HBK Sorce Advisory LLC now owns 1,216 shares of the technology company’s stock valued at $293,000 after buying an additional 17 shares in the last quarter. Wetherby Asset Management Inc. increased its position in NetEase by 2.9% in the fourth quarter. Wetherby Asset Management Inc. now owns 1,003 shares of the technology company’s stock valued at $216,000 after buying an additional 28 shares in the last quarter. Howe & Rusling Inc. increased its position in NetEase by 7.2% in the first quarter. Howe & Rusling Inc. now owns 715 shares of the technology company’s stock valued at $203,000 after buying an additional 48 shares in the last quarter. Finally, Baillie Gifford & Co. increased its position in NetEase by 4.7% in the fourth quarter. Baillie Gifford & Co. now owns 1,312 shares of the technology company’s stock valued at $283,000 after buying an additional 59 shares in the last quarter. 56.72% of the stock is currently owned by institutional investors and hedge funds.

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NetEase (NASDAQ:NTES) traded up 1.24% during trading on Monday, hitting $266.14. 749,741 shares of the stock were exchanged. The firm’s 50 day moving average price is $282.92 and its 200-day moving average price is $255.34. The stock has a market cap of $34.93 billion, a price-to-earnings ratio of 20.92 and a beta of 0.70. NetEase has a 1-year low of $130.82 and a 1-year high of $308.66.

NetEase (NASDAQ:NTES) last posted its quarterly earnings data on Wednesday, February 15th. The technology company reported $4.01 earnings per share for the quarter, topping the consensus estimate of $3.63 by $0.38. The firm had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.55 billion. NetEase had a return on equity of 32.17% and a net margin of 29.68%. On average, analysts anticipate that NetEase will post $15.68 EPS for the current year.

About NetEase

NetEase, Inc (NetEase) is a technology company. The Company operates an interactive online community in China and is a provider of Chinese language content and services through its online games, Internet media, e-mail, e-commerce and other businesses. The Company operates through three segments: Online Game Services; Advertising Services, and E-mail, E-commerce and Others.

5 Day Chart for NASDAQ:NTES

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