NetEase Inc. (NTES) Receives Average Recommendation of “Buy” from Analysts
NetEase Inc. (NASDAQ:NTES) has been assigned an average recommendation of “Buy” from the eighteen brokerages that are presently covering the firm. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, twelve have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $233.48.
NTES has been the subject of several recent research reports. Vetr cut NetEase from a “sell” rating to a “strong sell” rating and set a $210.98 price target for the company. in a research report on Monday, September 19th. Deutsche Bank AG lifted their price target on NetEase from $190.00 to $207.00 and gave the company 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. Credit Suisse Group AG initiated coverage on NetEase in a research report on Friday, August 19th. They issued a “neutral” rating and a $230.00 price target for the company. Finally, Zacks Investment Research upgraded NetEase from a “hold” rating to a “buy” rating and set a $232.00 price target for the company in a research report on Thursday, July 28th.
Large investors have recently added to or reduced their stakes in the stock. AXA raised its stake in NetEase by 60.0% in the second quarter. AXA now owns 800 shares of the company’s stock worth $155,000 after buying an additional 300 shares during the period. Advisor Group Inc. bought a new stake in NetEase during the second quarter worth $200,000. Oasis Management Co Ltd. bought a new stake in NetEase during the first quarter worth $201,000. HBK Sorce Advisory LLC bought a new stake in NetEase during the second quarter worth $232,000. Finally, Janney Montgomery Scott LLC bought a new stake in NetEase during the second quarter worth $236,000. 59.57% of the stock is owned by institutional investors.
NetEase (NASDAQ:NTES) opened at 261.37 on Monday. The company has a market capitalization of $34.27 billion, a P/E ratio of 25.03 and a beta of 1.04. NetEase has a 52-week low of $129.60 and a 52-week high of $272.58. The firm has a 50-day moving average price of $238.21 and a 200 day moving average price of $188.30.
NetEase (NASDAQ:NTES) last issued its earnings results on Wednesday, August 17th. The company reported $3.67 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.61 by $1.06. NetEase had a return on equity of 31.47% and a net margin of 29.34%. On average, analysts predict that NetEase will post $12.55 earnings per share for the current fiscal year.
NetEase Company Profile
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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