NetEase, Inc. (NASDAQ:NTES) has been given an average rating of “Hold” by the nineteen brokerages that are currently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $293.39.

A number of equities research analysts have recently weighed in on the company. Vetr cut NetEase from a “strong-buy” rating to a “buy” rating and set a $313.68 price target on the stock. in a report on Monday. UBS AG cut NetEase from a “buy” rating to a “neutral” rating in a report on Monday, October 30th. Zacks Investment Research raised NetEase from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 11th. Deutsche Bank AG set a $325.00 price target on NetEase and gave the company a “buy” rating in a report on Friday, October 6th. Finally, Barclays PLC assumed coverage on NetEase in a report on Wednesday, October 4th. They set an “equal weight” rating and a $260.00 price target on the stock.

ILLEGAL ACTIVITY NOTICE: This story was published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this story on another site, it was copied illegally and reposted in violation of U.S. and international copyright law. The legal version of this story can be read at https://www.thecerbatgem.com/2017/11/08/brokerages-set-netease-inc-ntes-target-price-at-293-96.html.

Shares of NetEase (NTES) traded up $7.59 during mid-day trading on Friday, reaching $314.18. The company’s stock had a trading volume of 1,432,883 shares, compared to its average volume of 1,230,000. NetEase has a 12 month low of $211.11 and a 12 month high of $337.55. The firm has a market capitalization of $41,670.00, a P/E ratio of 20.28, a P/E/G ratio of 1.31 and a beta of 0.93.

A number of large investors have recently made changes to their positions in NTES. IFP Advisors Inc raised its holdings in NetEase by 21.4% during the second quarter. IFP Advisors Inc now owns 391 shares of the technology company’s stock worth $118,000 after purchasing an additional 69 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of NetEase by 22.4% in the second quarter. PNC Financial Services Group Inc. now owns 536 shares of the technology company’s stock valued at $161,000 after buying an additional 98 shares in the last quarter. Mariner Wealth Advisors LLC bought a new position in shares of NetEase in the second quarter valued at $203,000. Huntington National Bank increased its holdings in shares of NetEase by 84.7% in the second quarter. Huntington National Bank now owns 700 shares of the technology company’s stock valued at $210,000 after buying an additional 321 shares in the last quarter. Finally, Hikari Power Ltd bought a new position in shares of NetEase in the second quarter valued at $210,000. 50.45% of the stock is currently 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.

Analyst Recommendations for NetEase (NASDAQ:NTES)

Receive News & Stock Ratings for NetEase Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NetEase Inc. and related stocks with our FREE daily email newsletter.