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.

NetEase (NASDAQ:NTES) last released its earnings results on Wednesday, May 16th. The technology company reported $0.91 earnings per share for the quarter, missing the consensus estimate of $1.99 by ($1.08). NetEase had a return on equity of 14.57% and a net margin of 11.49%. The company had revenue of $2.26 billion for the quarter, compared to analysts’ expectations of $2.27 billion. equities analysts expect that NetEase will post 6.92 earnings per share for the current year.

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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Analyst Recommendations for NetEase (NASDAQ:NTES)

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