NetEase Inc. (NTES) Given “Buy” Rating at T.H. Capital
T.H. Capital reiterated their buy rating on shares of NetEase Inc. (NASDAQ:NTES) in a research note published on Thursday morning. They currently have a $297.00 target price on the stock, up from their previous target price of $227.00.
Several other equities analysts also recently weighed in on the company. Vetr downgraded NetEase from a sell rating to a strong sell rating and set a $210.98 price target for the company. in a research report on Monday, September 19th. Deutsche Bank AG raised their price target on NetEase from $190.00 to $207.00 and gave the stock a buy rating in a research report on Friday, June 24th. Brean Capital reissued a buy rating on shares of NetEase in a research report on Tuesday, August 2nd. Credit Suisse Group AG began coverage on NetEase in a research report on Friday, August 19th. They set a neutral rating and a $230.00 price target for the company. Finally, Zacks Investment Research upgraded NetEase from a hold rating to a buy rating and set a $232.00 price objective on the stock in a report on Thursday, July 28th. One research analyst has rated the stock with a sell rating, four have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. NetEase has an average rating of Buy and an average price target of $233.57.
NetEase (NASDAQ:NTES) traded down 0.46% during midday trading on Thursday, hitting $260.78. The company had a trading volume of 1,129,447 shares. The stock has a 50 day moving average of $236.70 and a 200 day moving average of $187.44. NetEase has a 52-week low of $129.60 and a 52-week high of $272.58. The firm has a market cap of $34.19 billion, a price-to-earnings ratio of 24.97 and a beta of 1.04.
NetEase (NASDAQ:NTES) last released its quarterly earnings results on Wednesday, August 17th. The company reported $3.67 earnings per share 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, analysts anticipate that NetEase will post $12.55 EPS for the current year.
A number of hedge funds have recently made changes to their positions in the stock. AXA raised its stake in shares of NetEase by 60.0% in the second quarter. AXA now owns 800 shares of the company’s stock valued at $155,000 after buying an additional 300 shares in the last quarter. Advisor Group Inc. purchased a new stake in shares of NetEase during the second quarter valued at $200,000. HBK Sorce Advisory LLC purchased a new stake in shares of NetEase during the second quarter valued at $232,000. Janney Montgomery Scott LLC purchased a new stake in shares of NetEase during the second quarter valued at $236,000. Finally, Ameritas Investment Partners Inc. purchased a new stake in shares of NetEase during the second quarter valued at $260,000. 59.57% of the stock is owned by hedge funds and other 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.
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