NetEase Inc. (NASDAQ:NTES) shares 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.

A number of research analysts have recently commented on the company. Zacks Investment Research raised NetEase from a “hold” rating to a “buy” rating and set a $232.00 price objective on the stock in a report on Thursday. Brean Capital assumed coverage on NetEase in a report on Monday, July 18th. They set a “buy” rating and a $235.00 price objective on the stock. Deutsche Bank AG increased their price objective on NetEase from $190.00 to $207.00 and gave the company a “buy” rating in a report on Friday, June 24th. Finally, Nomura raised NetEase from a “neutral” rating to a “buy” rating and increased their price objective for the company 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 and twelve have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $185.00.

The stock has a market capitalization of $27.13 billion and a P/E ratio of 22.94. The company has a 50 day moving average price of $182.83 and a 200 day moving average price of $157.70.

NetEase (NASDAQ:NTES) last issued its quarterly earnings results on Wednesday, May 11th. The company reported $3.12 EPS for the quarter, missing analysts’ consensus estimates of $14.92 by $11.80. Analysts expect that NetEase Inc. will post $11.01 earnings per share for the current fiscal year.

Several hedge funds have recently modified their holdings of the stock. Gulf International Bank UK Ltd purchased a new stake in shares of NetEase during the fourth quarter worth approximately $1,722,000. Trexquant Investment LP raised 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. Airain ltd raised its stake 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. Bailard Inc. raised its stake in shares of NetEase by 825.0% in the fourth quarter. Bailard Inc. now owns 18,500 shares of the company’s stock worth $3,353,000 after buying an additional 16,500 shares during the period. Finally, Nationwide Fund Advisors raised its stake 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.

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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