NetEase’s (NTES) “Hold (C)” Rating Reiterated at Weiss Ratings

NetEase (NASDAQ:NTES)‘s stock had its “hold (c)” rating reiterated by equities researchers at Weiss Ratings in a research note issued on Saturday,Weiss Ratings reports.

A number of other research analysts also recently commented on NTES. Arete Research raised shares of NetEase to a “strong-buy” rating in a research report on Wednesday, September 3rd. Wall Street Zen raised shares of NetEase from a “buy” rating to a “strong-buy” rating in a research report on Friday, October 3rd. Barclays set a $120.00 price objective on shares of NetEase and gave the company an “equal weight” rating in a research report on Monday, August 18th. Zacks Research downgraded shares of NetEase from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 15th. Finally, JPMorgan Chase & Co. raised shares of NetEase from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $138.00 to $190.00 in a research report on Friday, October 10th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $142.30.

NetEase Trading Down 0.3%

NetEase stock opened at $146.71 on Friday. The company has a market cap of $92.95 billion, a P/E ratio of 19.85, a price-to-earnings-growth ratio of 1.94 and a beta of 0.67. NetEase has a 1-year low of $75.88 and a 1-year high of $159.55. The company has a fifty day simple moving average of $145.41 and a 200 day simple moving average of $130.13.

Institutional Trading of NetEase

A number of hedge funds have recently modified their holdings of the stock. Steigerwald Gordon & Koch Inc. acquired a new stake in shares of NetEase during the 3rd quarter worth about $38,000. HB Wealth Management LLC lifted its stake in shares of NetEase by 9.8% during the 3rd quarter. HB Wealth Management LLC now owns 1,941 shares of the technology company’s stock worth $295,000 after buying an additional 174 shares during the last quarter. Spire Wealth Management raised its stake in NetEase by 29.2% in the 3rd quarter. Spire Wealth Management now owns 332 shares of the technology company’s stock worth $50,000 after purchasing an additional 75 shares in the last quarter. Gunderson Capital Management Inc. acquired a new stake in NetEase in the 3rd quarter worth about $1,953,000. Finally, InTrack Investment Management Inc raised its stake in NetEase by 20.9% in the 3rd quarter. InTrack Investment Management Inc now owns 4,463 shares of the technology company’s stock worth $678,000 after purchasing an additional 771 shares in the last quarter. Institutional investors and hedge funds own 11.07% of the company’s stock.

NetEase Company Profile

NetEase, Inc engages in online games, music streaming, online intelligent learning services, and internet content services businesses in China and internationally . The company operates through Games and Related Value-Added Services, Youdao, Cloud Music, and Innovative Businesses and Others segments.