NetEase Inc. (NTES) Rating Lowered to Hold at Vetr Inc.
NetEase Inc. (NASDAQ:NTES) was downgraded by research analysts at Vetr from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday. They currently have a $266.16 price target on the stock. Vetr‘s target price suggests a potential upside of 5.22% from the stock’s current price.
NTES has been the topic of several other reports. Zacks Investment Research upgraded NetEase from a “hold” rating to a “buy” rating and set a $232.00 target price on the stock in a report on Thursday, July 28th. Brean Capital restated a “buy” rating on shares of NetEase in a report on Tuesday, August 2nd. Macquarie upped their price objective on NetEase from $256.00 to $280.00 and gave the company an “outperform” rating in a report on Wednesday, September 28th. Deutsche Bank AG upped their price objective on NetEase from $190.00 to $207.00 and gave the company a “buy” rating in a report on Friday, June 24th. Finally, Credit Agricole SA upgraded NetEase from an “underperform” rating to an “outperform” rating and set a $272.00 price objective on the stock in a report on Monday, October 3rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $221.08.
Shares of NetEase (NASDAQ:NTES) opened at 252.95 on Monday. The firm’s 50-day moving average price is $231.21 and its 200 day moving average price is $184.50. The company has a market cap of $33.17 billion, a PE ratio of 24.22 and a beta of 1.04. NetEase has a 12 month low of $128.81 and a 12 month high of $257.56.
NetEase (NASDAQ:NTES) last issued its earnings results on Wednesday, August 17th. The company reported $3.67 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.61 by $1.06. NetEase had a return on equity of 31.47% and a net margin of 29.34%. Equities research analysts anticipate that NetEase will post $12.55 earnings per share for the current fiscal year.
Several hedge funds have recently bought and sold shares of NTES. BNP Paribas Arbitrage SA raised its stake in NetEase by 46.8% in the third quarter. BNP Paribas Arbitrage SA now owns 291,604 shares of the company’s stock worth $70,212,000 after buying an additional 92,977 shares in the last quarter. Eqis Capital Management Inc. raised its stake in NetEase by 48.3% in the third quarter. Eqis Capital Management Inc. now owns 3,213 shares of the company’s stock worth $774,000 after buying an additional 1,047 shares in the last quarter. Tobam bought a new stake in NetEase during the second quarter worth $5,944,000. Royal Bank of Canada raised its stake in NetEase by 37.8% in the second quarter. Royal Bank of Canada now owns 39,162 shares of the company’s stock worth $7,566,000 after buying an additional 10,750 shares in the last quarter. Finally, Legal & General Group Plc raised its stake in NetEase by 106.9% in the second quarter. Legal & General Group Plc now owns 147,989 shares of the company’s stock worth $28,594,000 after buying an additional 76,472 shares in the last quarter. 59.71% of the stock is currently owned by institutional investors and hedge funds.
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.
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