NetEase Inc. (NASDAQ:NTES) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $215.97 and last traded at $214.00, with a volume of 841,391 shares. The stock had previously closed at $205.87.

NTES has been the subject of a number of research analyst reports. Deutsche Bank AG increased their target price on shares of NetEase from $190.00 to $207.00 and gave the stock a “buy” rating in a research report on Friday, June 24th. Brean Capital reiterated a “buy” rating on shares of NetEase in a research report on Tuesday, August 2nd. Zacks Investment Research upgraded shares of NetEase from a “hold” rating to a “buy” rating and set a $232.00 target price for the company in a research report on Thursday, July 28th. Nomura upgraded shares of NetEase from a “neutral” rating to a “buy” rating and increased their target price for the stock from $174.00 to $194.00 in a research report on Thursday, May 12th. Finally, Vetr downgraded shares of NetEase from a “buy” rating to a “hold” rating and set a $212.23 target price for the company. in a research report on Monday. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and eleven have issued a buy rating to the stock. NetEase currently has a consensus rating of “Buy” and an average price target of $187.59.

The company has a 50-day moving average of $194.75 and a 200 day moving average of $161.36. The stock has a market cap of $27.71 billion and a PE ratio of 23.43.

Other hedge funds and institutional investors recently added to or reduced their stakes in the company. Principal Financial Group Inc. bought a new position in NetEase during the fourth quarter valued at $21,656,000. BNP Paribas Arbitrage SA boosted its position in NetEase by 533.9% in the fourth quarter. BNP Paribas Arbitrage SA now owns 83,128 shares of the company’s stock valued at $15,066,000 after buying an additional 70,015 shares during the period. Wells Fargo & Company MN boosted its position in NetEase by 18.1% in the fourth quarter. Wells Fargo & Company MN now owns 145,058 shares of the company’s stock valued at $26,291,000 after buying an additional 22,255 shares during the period. Airain ltd boosted its position in NetEase by 394.0% in the fourth quarter. Airain ltd now owns 15,535 shares of the company’s stock valued at $2,816,000 after buying an additional 12,390 shares during the period. Finally, Trexquant Investment LP boosted 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 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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