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

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

The firm has a 50 day moving average of $173.54 and a 200-day moving average of $155.51. The firm has a market cap of $24.36 billion and a PE ratio of 20.61.

NetEase (NASDAQ:NTES) last released its quarterly earnings results on Wednesday, May 11th. The company reported $3.12 earnings per share for the quarter, missing analysts’ consensus estimates of $14.92 by $11.80. Equities research analysts expect that NetEase Inc. will post $73.03 EPS for the current year.

Several hedge funds and institutional investors have added to or reduced their stakes in the stock. DIAM Co. Ltd. acquired a new position in NetEase during the fourth quarter worth $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 in the last quarter. Gulf International Bank UK Ltd acquired a new position in NetEase during the fourth quarter worth $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 in the last quarter. Finally, Great West Life Assurance Co. Can acquired a new position in NetEase during the fourth quarter worth $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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