Barclays Analysts Give NetEase (NTES) a $250.00 Price Target

Barclays set a $250.00 target price on NetEase (NASDAQ:NTES) in a report released on Thursday morning. The firm currently has a hold rating on the technology company’s stock.

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.

NetEase (NASDAQ:NTES) last posted its quarterly earnings data on Wednesday, August 8th. The technology company reported $2.44 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.62 by $0.82. The firm had revenue of $2.46 billion during the quarter, compared to analyst estimates of $2.61 billion. NetEase had a net margin of 11.49% and a return on equity of 14.57%. Analysts expect that NetEase will post 7.42 earnings per share for the current year.

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.

About NetEase

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.

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Analyst Recommendations for NetEase (NASDAQ:NTES)

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