Shares of NetEase Inc. (NASDAQ:NTES) saw unusually-strong trading volume on Tuesday . Approximately 941,801 shares traded hands during mid-day trading, an increase of 12% from the previous session’s volume of 840,968 shares.The stock last traded at $213.94 and had previously closed at $211.48.

Several equities research analysts recently commented on NTES shares. Brean Capital assumed coverage on shares of NetEase in a research report on Monday, July 18th. They issued a “buy” rating and a $235.00 price objective on the stock. Deutsche Bank AG boosted their price target 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. Nomura raised shares of NetEase from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $174.00 to $194.00 in a research report on Thursday, May 12th. Zacks Investment Research upgraded shares of NetEase from a “hold” rating to a “buy” rating and set a $232.00 price objective on the stock in a research note on Thursday, July 28th. Finally, Vetr lowered shares of NetEase from a “buy” rating to a “hold” rating and set a $212.23 price objective on the stock. in a research note on Monday. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and eleven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $187.59.

The stock has a 50-day moving average price of $195.87 and a 200 day moving average price of $161.90. The firm has a market cap of $28.06 billion and a PE ratio of 23.60.

A number of hedge funds and institutional investors recently made changes to their positions in the stock. Trexquant Investment LP increased its position 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 last quarter. 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 valued at $2,816,000 after buying an additional 12,390 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of NetEase during the fourth quarter valued at $5,981,000. 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 valued at $15,066,000 after buying an additional 70,015 shares during the last quarter. Finally, Principal Financial Group Inc. acquired a new position in shares of NetEase during the fourth quarter valued at $21,656,000.

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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