NetEase Inc. (NASDAQ:NTES) shares were up 1.2% during trading on Tuesday . The company traded as high as $190.00 and last traded at $186.81, with a volume of 769,807 shares trading hands. The stock had previously closed at $184.57.

A number of research analysts recently commented on NTES shares. Zacks Investment Research downgraded NetEase from a “buy” rating to a “hold” rating in a research note on Thursday, May 5th. Nomura Holdings Inc. raised NetEase from a “neutral” rating to a “buy” rating and boosted their price target for the company from $174.00 to $194.00 in a research note on Thursday, May 12th. Finally, Deutsche Bank AG lifted their target price on NetEase from $190.00 to $207.00 and gave the company a “buy” rating in a research report on Friday, June 24th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $177.62.

The company has a market cap of $24.49 billion and a price-to-earnings ratio of 20.65. The company’s 50 day moving average is $172.11 and its 200 day moving average is $155.23.

NetEase (NASDAQ:NTES) last issued its quarterly earnings data on Wednesday, May 11th. The company reported $3.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $14.92 by $11.80. On average, equities analysts predict that NetEase Inc. will post $73.03 EPS for the current fiscal year.

A number of hedge funds recently modified their holdings of the company. DIAM Co. Ltd. bought a new stake in shares of NetEase during the fourth quarter worth about $1,145,000. World Asset Management Inc boosted its stake in shares of NetEase by 2.4% in the fourth quarter. World Asset Management Inc now owns 6,929 shares of the company’s stock worth $1,256,000 after buying an additional 160 shares during the period. Gulf International Bank UK Ltd bought a new stake in shares of NetEase during the fourth quarter worth about $1,722,000. Trexquant Investment LP boosted its stake in shares of NetEase by 92.8% in the fourth quarter. Trexquant Investment LP now owns 10,410 shares of the company’s stock worth $1,887,000 after buying an additional 5,010 shares during the period. Finally, Great West Life Assurance Co. Can bought a new stake in shares of NetEase during the fourth quarter worth about $2,011,000.

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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