NetEase, Inc. (NASDAQ:NTES) – Equities researchers at Jefferies Group boosted their Q2 2017 EPS estimates for shares of NetEase in a report released on Thursday. Jefferies Group analyst K. Chan now forecasts that the technology company will post earnings per share of $4.13 for the quarter, up from their previous estimate of $3.99. Jefferies Group has a “Buy” rating and a $330.00 price target on the stock. Jefferies Group also issued estimates for NetEase’s FY2017 earnings at $16.51 EPS, FY2018 earnings at $20.29 EPS and FY2019 earnings at $22.66 EPS.

Several other equities research analysts also recently weighed in on the company. Benchmark Co. started coverage on NetEase in a research report on Tuesday, April 18th. They set a “buy” rating and a $325.00 price target on the stock. BidaskClub downgraded NetEase from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 16th. Nomura reaffirmed a “hold” rating and set a $297.00 price target (down from $305.00) on shares of NetEase in a research report on Thursday, May 11th. Instinet reaffirmed a “buy” rating and set a $307.00 price target on shares of NetEase in a research report on Tuesday, May 9th. Finally, Vetr raised NetEase from a “buy” rating to a “strong-buy” rating and set a $362.33 price target on the stock in a research report on Tuesday, May 30th. Two analysts have rated the stock with a sell rating, five have given a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. NetEase presently has an average rating of “Buy” and a consensus target price of $298.02.

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NetEase (NASDAQ:NTES) opened at 304.47 on Friday. NetEase has a 52-week low of $197.00 and a 52-week high of $337.55. The firm has a market cap of $40.05 billion, a price-to-earnings ratio of 20.84 and a beta of 0.92.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Assetmark Inc. raised its position in shares of NetEase by 51.0% in the first quarter. Assetmark Inc. now owns 367 shares of the technology company’s stock worth $104,000 after buying an additional 124 shares in the last quarter. IFP Advisors Inc raised its position in shares of NetEase by 21.4% in the second quarter. IFP Advisors Inc now owns 391 shares of the technology company’s stock worth $118,000 after buying an additional 69 shares in the last quarter. Huntington National Bank raised its position in shares of NetEase by 84.7% in the second quarter. Huntington National Bank now owns 700 shares of the technology company’s stock worth $210,000 after buying an additional 321 shares in the last quarter. Howe & Rusling Inc. raised its position in shares of NetEase by 7.2% in the first quarter. Howe & Rusling Inc. now owns 715 shares of the technology company’s stock worth $203,000 after buying an additional 48 shares in the last quarter. Finally, Private Advisory Group LLC bought a new position in shares of NetEase during the first quarter worth $205,000. 55.38% of the stock is currently owned by hedge funds and other institutional investors.

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.

Earnings History and Estimates for NetEase (NASDAQ:NTES)

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