Brokerages Set NetEase, Inc. (NTES) Target Price at $293.96
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.
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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.
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