NetEase Inc. (NASDAQ:NTES) dropped 2.2% on Friday . The company traded as low as $182.86 and last traded at $184.37, with a volume of 821,797 shares trading hands. The stock had previously closed at $188.44.

NTES has been the topic of a number of recent research reports. Zacks Investment Research raised NetEase from a “hold” rating to a “strong-buy” rating and set a $186.00 price objective on the stock in a research report on Tuesday, May 17th. Deutsche Bank AG raised their price objective on NetEase from $190.00 to $207.00 and gave the company a “buy” rating in a research report on Friday, June 24th. Finally, Nomura Holdings Inc. raised NetEase from a “neutral” rating to a “buy” rating and raised their price objective for the company from $174.00 to $194.00 in a research report on Thursday, May 12th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $177.62.

The stock has a 50-day moving average price of $172.84 and a 200 day moving average price of $155.48. The firm has a market capitalization of $24.36 billion and a price-to-earnings ratio of 20.52.

NetEase (NASDAQ:NTES) last announced its earnings results on Wednesday, May 11th. The company reported $3.12 earnings per share for the quarter, missing the consensus estimate of $14.92 by $11.80. On average, analysts anticipate that NetEase Inc. will post $73.03 earnings per share for the current year.

A number of institutional investors have recently bought and sold shares of the company. DIAM Co. Ltd. purchased a new position in NetEase during the fourth quarter worth approximately $1,145,000. World Asset Management Inc increased its position in 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 purchased a new position in NetEase during the fourth quarter worth approximately $1,722,000. Trexquant Investment LP increased its position in 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 purchased a new position in NetEase during the fourth quarter worth approximately $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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