Vetr upgraded shares of NetEase, Inc. (NASDAQ:NTES) from a hold rating to a buy rating in a research note released on Monday. The brokerage currently has $323.68 price objective on the technology company’s stock.
NTES has been the subject of a number of other reports. BidaskClub lowered NetEase from a buy rating to a hold rating in a research report on Wednesday, August 16th. Deutsche Bank AG reissued a buy rating and issued a $343.00 price target (up from $300.00) on shares of NetEase in a research report on Tuesday, July 25th. ValuEngine raised NetEase from a hold rating to a buy rating in a research report on Friday. Credit Suisse Group AG reissued an outperform rating and issued a $315.00 price target on shares of NetEase in a research report on Tuesday, October 3rd. Finally, CLSA lowered NetEase from an outperform rating to an underperform rating in a research report on Thursday, August 10th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of $303.64.
NetEase (NTES) traded down $3.60 during midday trading on Monday, reaching $298.56. The company had a trading volume of 1,068,226 shares, compared to its average volume of 1,248,434. The stock has a market cap of $39,160.00, a price-to-earnings ratio of 19.83, a P/E/G ratio of 1.28 and a beta of 0.93. NetEase has a twelve month low of $211.11 and a twelve month high of $337.55.
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Several hedge funds have recently bought and sold shares of NTES. IFP Advisors Inc grew its stake in shares of NetEase by 21.4% during the 2nd quarter. IFP Advisors Inc now owns 391 shares of the technology company’s stock worth $118,000 after acquiring an additional 69 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of NetEase by 22.4% during the 2nd quarter. PNC Financial Services Group Inc. now owns 536 shares of the technology company’s stock worth $161,000 after acquiring an additional 98 shares during the period. Mariner Wealth Advisors LLC bought a new position in shares of NetEase during the 2nd quarter worth $203,000. Huntington National Bank grew its stake in shares of NetEase by 84.7% during the 2nd quarter. Huntington National Bank now owns 700 shares of the technology company’s stock worth $210,000 after acquiring an additional 321 shares during the period. Finally, Hikari Power Ltd bought a new position in shares of NetEase during the 2nd quarter worth $210,000. Institutional investors own 50.30% of the company’s stock.
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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