NetEase Inc. (NTES) Hits New 1-Year High at $197.67
Shares of NetEase Inc. (NASDAQ:NTES) reached a new 52-week high on Monday . The company traded as high as $197.67 and last traded at $195.95, with a volume of 1,618,101 shares. The stock had previously closed at $185.13.
A number of research firms have recently weighed in on NTES. Deutsche Bank AG boosted their target price on shares of NetEase from $190.00 to $207.00 and gave the stock a “buy” rating in a report on Friday, June 24th. Zacks Investment Research upgraded shares of NetEase from a “hold” rating to a “strong-buy” rating and set a $186.00 target price on the stock in a report on Tuesday, May 17th. Finally, Nomura Holdings Inc. upgraded shares of NetEase from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $174.00 to $194.00 in a report on Thursday, May 12th. Two analysts have rated the stock with a sell rating, one has issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently 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 capitalization of $25.69 billion and a PE ratio of 21.7325.
NetEase (NASDAQ:NTES) last issued its earnings results on Wednesday, May 11th. The company reported $3.12 EPS for the quarter, missing the Zacks’ consensus estimate of $14.92 by $11.80. Equities analysts expect that NetEase Inc. will post $73.03 earnings per share for the current fiscal year.
Other large investors have modified their holdings of the company. 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 acquired a new stake in shares of NetEase during the fourth quarter worth approximately $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. Great West Life Assurance Co. Can acquired a new stake in shares of NetEase during the fourth quarter worth approximately $2,011,000. Finally, Profund Advisors LLC boosted its stake in shares of NetEase by 1.6% in the fourth quarter. Profund Advisors LLC now owns 11,783 shares of the company’s stock worth $2,136,000 after buying an additional 185 shares during the period.
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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