NetEase (NASDAQ:NTES) had its target price dropped by analysts at Barclays from $275.00 to $260.00 in a report released on Thursday, MarketBeat.com reports. The firm currently has a “hold” rating on the technology company’s stock. Barclays’ target price would indicate a potential upside of 33.75% from the stock’s previous close.

A number of other research firms also recently commented on NTES. BidaskClub raised shares of NetEase from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 6th. ValuEngine downgraded shares of NetEase from a “sell” rating to a “strong sell” rating in a research report on Friday, August 10th. Nomura lowered their price objective on shares of NetEase from $386.00 to $352.00 and set a “buy” rating on the stock in a research report on Friday, August 10th. Zacks Investment Research raised shares of NetEase from a “sell” rating to a “hold” rating in a research report on Tuesday, August 14th. Finally, Benchmark lowered their price objective on shares of NetEase from $355.00 to $340.00 and set a “buy” rating on the stock in a research report on Thursday, May 17th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. NetEase presently has a consensus rating of “Hold” and a consensus price target of $324.46.

NASDAQ NTES opened at $194.39 on Thursday. The firm has a market capitalization of $27.79 billion, a P/E ratio of 15.66, a P/E/G ratio of 1.83 and a beta of 0.83. NetEase has a 12 month low of $191.82 and a 12 month high of $377.64.

A number of institutional investors have recently modified their holdings of NTES. Banco de Sabadell S.A purchased a new stake in shares of NetEase in the first quarter valued at about $100,000. Tower Research Capital LLC TRC purchased a new stake in shares of NetEase in the second quarter valued at about $108,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of NetEase by 96.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 462 shares of the technology company’s stock valued at $117,000 after acquiring an additional 227 shares in the last quarter. Flagship Harbor Advisors LLC purchased a new stake in shares of NetEase in the second quarter valued at about $167,000. Finally, Verition Fund Management LLC purchased a new stake in shares of NetEase in the first quarter valued at about $279,000. 45.78% of the stock is currently owned by institutional investors.

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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