Shares of NetEase Inc. (NASDAQ:NTES) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $197.67 and last traded at $195.95, with a volume of 1,618,101 shares trading hands. The stock had previously closed at $185.13.

A number of research firms have recently issued reports on NTES. Zacks Investment Research cut NetEase from a “buy” rating to a “hold” rating in a research report on Thursday, May 5th. 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. Finally, Deutsche Bank AG increased their target price on NetEase from $190.00 to $207.00 and gave the stock a “buy” rating in a research note on Friday, June 24th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. NetEase currently has an average rating of “Buy” and an average target price of $177.62.

The company has a 50-day moving average price of $175.39 and a 200-day moving average price of $155.53. The company has a market cap of $25.97 billion and a PE ratio of 21.98.

NetEase (NASDAQ:NTES) last announced its 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 forecast that NetEase Inc. will post $73.03 earnings per share for the current year.

Other institutional investors have made changes to their positions in the company. BNP Paribas Arbitrage SA increased its position in shares of NetEase by 533.9% in the fourth quarter. BNP Paribas Arbitrage SA now owns 83,128 shares of the company’s stock worth $15,066,000 after buying an additional 70,015 shares during the last quarter. 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 valued at $1,887,000 after buying an additional 5,010 shares during the last quarter. Advisors Asset Management Inc. increased its position in NetEase by 4.7% in the fourth quarter. Advisors Asset Management Inc. now owns 38,603 shares of the company’s stock valued at $6,996,000 after buying an additional 1,736 shares during the last quarter. Andra AP fonden purchased a new position in NetEase during the fourth quarter valued at approximately $4,893,000. Finally, Bailard Inc. increased its position in NetEase by 825.0% in the fourth quarter. Bailard Inc. now owns 18,500 shares of the company’s stock valued at $3,353,000 after buying an additional 16,500 shares during the last quarter.

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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