T.H. Capital Reaffirms “Buy” Rating for NetEase Inc. (NTES)
T.H. Capital reaffirmed their buy rating on shares of NetEase Inc. (NASDAQ:NTES) in a report issued on Thursday morning. They currently have a $297.00 price target on the stock, up from their prior price target of $227.00.
A number of other brokerages have also issued reports on NTES. Vetr lowered NetEase from a buy rating to a hold rating and set a $266.16 target price on the stock. in a research report on Monday, October 10th. Jefferies Group started coverage on NetEase in a research report on Thursday, September 29th. They issued a hold rating and a $245.00 target price on the stock. Credit Suisse Group AG started coverage on NetEase in a research report on Friday, August 19th. They issued a neutral rating and a $230.00 target price on the stock. Credit Agricole SA raised NetEase from an underperform rating to an outperform rating and set a $272.00 target price on the stock in a research report on Monday, October 3rd. Finally, Deutsche Bank AG lifted their target price on NetEase from $190.00 to $207.00 and gave the company a buy rating in a research report on Friday, June 24th. One research analyst has rated the stock with a sell rating, three have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus price target of $233.57.
NetEase (NASDAQ:NTES) opened at 261.10 on Thursday. NetEase has a one year low of $129.60 and a one year high of $272.58. The stock’s 50 day moving average price is $239.45 and its 200-day moving average price is $189.83. The firm has a market capitalization of $34.23 billion, a price-to-earnings ratio of 25.00 and a beta of 1.03.
NetEase (NASDAQ:NTES) last announced its earnings results on Wednesday, August 17th. The company reported $3.67 earnings per share (EPS) for the quarter, beating the Zacks’ 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, equities research analysts expect that NetEase will post $12.55 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently modified their holdings of the company. AXA increased its position in shares of NetEase by 60.0% in the second quarter. AXA now owns 800 shares of the company’s stock valued at $155,000 after buying an additional 300 shares in the last quarter. Advisor Group Inc. acquired a new position in shares of NetEase during the second quarter valued at approximately $200,000. Oasis Management Co Ltd. acquired a new position in shares of NetEase during the first quarter valued at approximately $201,000. HBK Sorce Advisory LLC acquired a new position in shares of NetEase during the second quarter valued at approximately $232,000. Finally, Janney Montgomery Scott LLC acquired a new position in shares of NetEase during the second quarter valued at approximately $236,000. Institutional investors own 59.57% of the company’s stock.
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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