NetEase (NTES) Upgraded to B at TheStreet
NetEase (NASDAQ:NTES) was upgraded by stock analysts at TheStreet from a “c+” rating to a “b” rating in a research note issued to investors on Friday.
NTES has been the subject of several other reports. BidaskClub cut shares of NetEase from a “sell” rating to a “strong sell” rating in a research note on Wednesday, April 18th. Daiwa Capital Markets upgraded shares of NetEase from a “neutral” rating to a “buy” rating in a research note on Thursday, May 17th. CLSA upgraded shares of NetEase from an “underperform” rating to a “buy” rating in a research note on Wednesday, April 25th. Macquarie cut shares of NetEase from an “outperform” rating to a “neutral” rating in a research note on Thursday, August 9th. Finally, JPMorgan Chase & Co. upgraded shares of NetEase from an “underweight” rating to an “overweight” rating and set a $185.00 price objective for the company in a research note on Tuesday, July 3rd. Four investment analysts have rated the stock with a sell rating, four have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $325.62.
NASDAQ:NTES opened at $215.79 on Friday. The company has a market cap of $29.51 billion, a price-to-earnings ratio of 17.39, a P/E/G ratio of 1.97 and a beta of 0.83. NetEase has a twelve month low of $213.59 and a twelve month high of $377.64.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Banco de Sabadell S.A acquired a new position in shares of NetEase in the 1st quarter valued at $100,000. Northwestern Mutual Wealth Management Co. lifted its stake in shares of NetEase by 96.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 462 shares of the technology company’s stock valued at $117,000 after purchasing an additional 227 shares during the period. Verition Fund Management LLC acquired a new position in shares of NetEase in the 1st quarter valued at $279,000. HRT Financial LLC acquired a new position in shares of NetEase in the 1st quarter valued at $291,000. Finally, Pinnacle Associates Ltd. acquired a new position in shares of NetEase in the 1st quarter valued at $362,000. Hedge funds and other institutional investors own 45.67% of the company’s stock.
NetEase Company Profile
NetEase, Inc operates an interactive online community in the People's Republic of China. The company operates through Online Game Services; E-Commerce; Advertising Services; and Email and Others segments. It offers various games in a range of genres through mobile devices and PCs, including role playing games, MMORPGs, battle arena games, simulation games, collectible card games, first-person shooter games, sandbox games, and other types of games to the Chinese market.
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