NetEase Inc. (NASDAQ:NTES) rose 2% during mid-day trading on Monday . The company traded as high as $200.39 and last traded at $199.94, with a volume of 429,445 shares. The stock had previously closed at $196.02.

NTES has been the subject of a number of analyst reports. Brean Capital began coverage on NetEase in a research note on Monday, July 18th. They issued a “buy” rating and a $235.00 price target for the company. 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. Nomura Holdings Inc. upgraded 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, Zacks Investment Research lowered NetEase from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and eleven have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $181.71.

The stock has a 50 day moving average of $181.91 and a 200 day moving average of $157.34. The stock has a market capitalization of $27.28 billion and a price-to-earnings ratio of 23.06.

NetEase (NASDAQ:NTES) last issued its quarterly earnings data 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. On average, analysts forecast that NetEase Inc. will post $11.01 EPS for the current year.

Other hedge funds and institutional investors have recently modified their holdings of the company. Airain ltd increased its position in shares of NetEase by 394.0% in the fourth quarter. Airain ltd now owns 15,535 shares of the company’s stock worth $2,816,000 after buying an additional 12,390 shares during the period. BNP Paribas Arbitrage SA boosted its stake in 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 in the last quarter. Trexquant Investment LP boosted its stake 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. Advisors Asset Management Inc. boosted its stake in NetEase by 4.7% in the fourth quarter. Advisors Asset Management Inc. now owns 38,603 shares of the company’s stock worth $6,996,000 after buying an additional 1,736 shares in the last quarter. Finally, Andra AP fonden bought a new stake in NetEase during the fourth quarter worth approximately $4,893,000.

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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