NetEase Inc. (NASDAQ:NTES)’s share price hit a new 52-week high during 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.

A number of equities analysts have recently commented on NTES shares. Brean Capital started coverage on shares of NetEase in a report on Monday, July 18th. They set a “buy” rating and a $235.00 price target on the stock. Deutsche Bank AG lifted their price target on shares of NetEase from $190.00 to $207.00 and gave the stock a “buy” rating in a report on Friday, June 24th. Nomura upgraded shares of NetEase from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $174.00 to $194.00 in a 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 target on the stock in a report on Thursday, July 28th. Finally, Vetr lowered shares of NetEase from a “buy” rating to a “hold” rating and set a $212.23 target price on the stock. in a report on Monday. Two analysts have rated the stock with a sell rating, two have issued a hold rating and eleven have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $187.59.

The firm has a market capitalization of $28.06 billion and a P/E ratio of 23.60. The company has a 50 day moving average of $197.20 and a 200-day moving average of $162.31.

Other institutional investors have added to or reduced their stakes in the company. Trexquant Investment LP raised 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 in the last quarter. Airain ltd raised 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 in the last quarter. BNP Paribas Arbitrage SA raised 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 in the last quarter. Principal Financial Group Inc. acquired a new position in NetEase during the fourth quarter valued at approximately $21,656,000. Finally, Wells Fargo & Company MN raised 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 in the last quarter.

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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