Several other equities research analysts have also commented on NTES. JPMorgan Chase & Co. upgraded shares of NetEase from an underweight rating to an overweight rating and set a $185.00 price objective for the company in a research note on Tuesday, July 3rd. Macquarie lowered shares of NetEase from an outperform rating to a neutral rating in a research note on Thursday, August 9th. Nomura decreased their price objective on shares of NetEase from $386.00 to $352.00 and set a buy rating for the company in a research note on Friday, August 10th. ValuEngine lowered shares of NetEase from a sell rating to a strong sell rating in a research note on Friday, August 10th. Finally, BidaskClub lowered shares of NetEase from a hold rating to a sell rating in a research note on Tuesday, August 14th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of Buy and an average price target of $318.62.
NASDAQ:NTES traded down $1.81 on Thursday, hitting $210.17. The stock had a trading volume of 820,171 shares, compared to its average volume of 1,022,461. The firm has a market cap of $27.60 billion, a price-to-earnings ratio of 16.94, a price-to-earnings-growth ratio of 1.35 and a beta of 0.79. NetEase has a 1 year low of $184.60 and a 1 year high of $377.64.
Several hedge funds have recently modified their holdings of the company. Tower Research Capital LLC TRC bought a new position in NetEase in the 2nd quarter worth approximately $108,000. Northwestern Mutual Wealth Management Co. boosted its holdings in NetEase by 96.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 462 shares of the technology company’s stock worth $117,000 after buying an additional 227 shares during the period. Cornerstone Wealth Management LLC boosted its holdings in NetEase by 286.3% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 41,639 shares of the technology company’s stock worth $151,000 after buying an additional 30,861 shares during the period. Flagship Harbor Advisors LLC bought a new position in NetEase in the 2nd quarter worth approximately $167,000. Finally, Guinness Asset Management Ltd boosted its holdings in NetEase by 59.1% in the 3rd quarter. Guinness Asset Management Ltd now owns 861 shares of the technology company’s stock worth $196,000 after buying an additional 320 shares during the period. Institutional investors own 45.52% of the company’s stock.
NetEase, Inc operates an interactive online community in the People's Republic of China. The company operates through Online Game Services; E-Commerce; Advertising Services; and Email and Others segments. 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.
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.