NetEase, Inc. (NASDAQ:NTES) Given Average Recommendation of “Moderate Buy” by Analysts

NetEase, Inc. (NASDAQ:NTES) has been assigned a consensus recommendation of “Moderate Buy” from the twelve analysts that are covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $142.30.

A number of equities analysts have commented on the stock. JPMorgan Chase & Co. raised shares of NetEase from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $138.00 to $190.00 in a report on Friday, October 10th. Barclays set a $120.00 price target on shares of NetEase and gave the stock an “equal weight” rating in a research report on Monday, August 18th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of NetEase in a research report on Wednesday, October 8th. Zacks Research lowered shares of NetEase from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 15th. Finally, Arete Research upgraded NetEase to a “strong-buy” rating in a research note on Wednesday, September 3rd.

NetEase Trading Up 0.0%

Shares of NTES opened at $142.37 on Friday. NetEase has a 52 week low of $75.88 and a 52 week high of $159.55. The firm has a market cap of $90.20 billion, a price-to-earnings ratio of 19.27, a PEG ratio of 1.91 and a beta of 0.65. The stock has a 50 day moving average of $147.33 and a 200-day moving average of $134.17.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Brighton Jones LLC increased its position in NetEase by 1.1% in the fourth quarter. Brighton Jones LLC now owns 10,297 shares of the technology company’s stock worth $919,000 after buying an additional 117 shares during the period. Bank of New York Mellon Corp grew its position in shares of NetEase by 1.6% during the first quarter. Bank of New York Mellon Corp now owns 9,884 shares of the technology company’s stock worth $1,017,000 after acquiring an additional 153 shares during the last quarter. Concurrent Investment Advisors LLC increased its holdings in shares of NetEase by 5.4% in the 1st quarter. Concurrent Investment Advisors LLC now owns 2,569 shares of the technology company’s stock worth $264,000 after acquiring an additional 132 shares during the period. Envestnet Asset Management Inc. lifted its position in NetEase by 16.9% in the 1st quarter. Envestnet Asset Management Inc. now owns 74,500 shares of the technology company’s stock valued at $7,668,000 after purchasing an additional 10,757 shares during the last quarter. Finally, TD Private Client Wealth LLC bought a new stake in NetEase in the 1st quarter valued at about $65,000. 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.