NetEase Inc. (NASDAQ:NTES) hit a new 52-week high during trading on Tuesday . The company traded as high as $206.06 and last traded at $204.72, with a volume of 589,088 shares changing hands. The stock had previously closed at $201.12.

NTES has been the subject of a number of recent research reports. Zacks Investment Research downgraded NetEase from a “buy” rating to a “hold” rating in a research report on Thursday, May 5th. Nomura Holdings Inc. raised shares of NetEase from a “neutral” rating to a “buy” rating and boosted their target price for the company from $174.00 to $194.00 in a research note on Thursday, May 12th. Deutsche Bank AG boosted their target price on shares of NetEase from $190.00 to $207.00 and gave the company a “buy” rating in a research note on Friday, June 24th. Finally, Brean Capital started coverage on shares of NetEase in a research note on Monday, July 18th. They set a “buy” rating and a $235.00 target price on the stock. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $181.71.

The company has a market cap of $27.03 billion and a price-to-earnings ratio of 22.85. The firm has a 50-day moving average price of $181.05 and a 200-day moving average price of $157.04.

NetEase (NASDAQ:NTES) last announced its quarterly 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. On average, analysts predict that NetEase Inc. will post $11.01 EPS for the current fiscal year.

A number of hedge funds and institutional investors recently made changes to their positions in NTES. Nationwide Fund Advisors raised its position in shares of NetEase by 15,383.3% in the fourth quarter. Nationwide Fund Advisors now owns 18,580 shares of the company’s stock worth $3,367,000 after buying an additional 18,460 shares during the period. New York State Common Retirement Fund raised its position in shares of NetEase by 2,332.3% in the fourth quarter. New York State Common Retirement Fund now owns 125,921 shares of the company’s stock worth $22,822,000 after buying an additional 120,744 shares during the period. Teacher Retirement System of Texas bought a new position in shares of NetEase during the fourth quarter worth approximately $2,790,000. Mizuho Trust & Banking Co. Ltd. raised its position in shares of NetEase by 75.6% in the fourth quarter. Mizuho Trust & Banking Co. Ltd. now owns 73,710 shares of the company’s stock worth $13,316,000 after buying an additional 31,737 shares during the period. Finally, Liberty Mutual Group Asset Management Inc. raised its position in shares of NetEase by 12.4% in the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 19,099 shares of the company’s stock worth $3,462,000 after buying an additional 2,114 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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