NetEase Inc. (NASDAQ:NTES) has received an average rating of “Buy” from the sixteen ratings firms that are covering the company. One analyst has rated the stock with a sell rating, four have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $220.01.

NTES has been the subject of a number of analyst reports. Brean Capital restated a “buy” rating on shares of NetEase in a research report on Wednesday, August 31st. Deutsche Bank AG boosted their price objective on NetEase from $190.00 to $207.00 and gave the company a “buy” rating in a research report on Friday, June 24th. Zacks Investment Research upgraded NetEase from a “hold” rating to a “buy” rating and set a $232.00 price objective for the company in a research report on Thursday, July 28th. Vetr upgraded NetEase from a “hold” rating to a “buy” rating and set a $266.16 price objective for the company in a research report on Monday, October 3rd. Finally, Jefferies Group initiated coverage on NetEase in a research report on Thursday, September 29th. They set a “hold” rating and a $245.00 price objective for the company.

Shares of NetEase (NASDAQ:NTES) traded up 3.67% on Monday, hitting $262.23. The stock had a trading volume of 659,929 shares. NetEase has a 12-month low of $128.81 and a 12-month high of $262.30. The company’s 50-day moving average price is $231.21 and its 200 day moving average price is $184.50. The firm has a market cap of $34.38 billion, a P/E ratio of 25.11 and a beta of 1.03.

NetEase (NASDAQ:NTES) last issued its earnings results on Wednesday, August 17th. The company reported $3.67 EPS for the quarter, topping the consensus estimate of $2.61 by $1.06. NetEase had a return on equity of 31.47% and a net margin of 29.34%. On average, equities research analysts forecast that NetEase will post $12.55 earnings per share for the current fiscal year.

Several hedge funds have recently bought and sold shares of the company. Bank of Montreal Can purchased a new stake in NetEase during the second quarter worth approximately $36,500,000. Handelsbanken Fonder AB raised its stake in shares of NetEase by 46.2% in the second quarter. Handelsbanken Fonder AB now owns 530,619 shares of the company’s stock worth $102,526,000 after buying an additional 167,600 shares during the period. BlackRock Japan Co. Ltd raised its stake in shares of NetEase by 13.4% in the first quarter. BlackRock Japan Co. Ltd now owns 71,514 shares of the company’s stock worth $10,268,000 after buying an additional 8,461 shares during the period. Orbis Allan Gray Ltd bought a new stake in shares of NetEase during the first quarter worth about $1,449,733,000. Finally, Origin Asset Management LLP raised its stake in shares of NetEase by 29.8% in the first quarter. Origin Asset Management LLP now owns 486,724 shares of the company’s stock worth $69,884,000 after buying an additional 111,833 shares during the period. 59.57% of the stock is currently owned by institutional investors.

NetEase Company Profile

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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