NetEase, Inc. (NASDAQ:NTES) – Analysts at Jefferies Group reduced their Q3 2017 earnings per share estimates for NetEase in a report released on Thursday. Jefferies Group analyst K. Chan now expects that the technology company will post earnings per share of $3.95 for the quarter, down from their previous estimate of $4.03. Jefferies Group has a “Buy” rating and a $330.00 price objective on the stock. Jefferies Group also issued estimates for NetEase’s Q4 2017 earnings at $4.13 EPS.

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NTES has been the subject of several other research reports. Benchmark Co. assumed coverage on shares of NetEase in a research report on Tuesday, April 18th. They set a “buy” rating and a $325.00 price objective for the company. BidaskClub downgraded shares of NetEase from a “buy” rating to a “hold” rating in a research report on Friday. Vetr downgraded shares of NetEase from a “strong-buy” rating to a “buy” rating and set a $318.49 price objective for the company. in a research report on Monday, May 22nd. Deutsche Bank AG reissued a “buy” rating and set a $343.00 price objective (up previously from $300.00) on shares of NetEase in a research report on Tuesday, July 25th. Finally, Zacks Investment Research raised shares of NetEase from a “hold” rating to a “strong-buy” rating and set a $346.00 price objective for the company in a research report on Wednesday, July 12th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $298.02.

Shares of NetEase (NTES) opened at 307.81 on Monday. The stock has a market cap of $40.48 billion, a price-to-earnings ratio of 21.06 and a beta of 0.92. NetEase has a 52 week low of $197.00 and a 52 week high of $337.55.

A number of hedge funds have recently made changes to their positions in the stock. BlackRock Inc. boosted its stake in shares of NetEase by 1,571.4% in the first quarter. BlackRock Inc. now owns 5,039,176 shares of the technology company’s stock worth $1,431,127,000 after buying an additional 4,737,686 shares in the last quarter. FMR LLC boosted its stake in shares of NetEase by 165.4% in the first quarter. FMR LLC now owns 1,328,919 shares of the technology company’s stock worth $377,413,000 after buying an additional 828,139 shares in the last quarter. Credit Agricole S A boosted its stake in shares of NetEase by 19.2% in the first quarter. Credit Agricole S A now owns 4,395,661 shares of the technology company’s stock worth $1,248,368,000 after buying an additional 709,148 shares in the last quarter. Fisher Asset Management LLC boosted its stake in shares of NetEase by 142.3% in the second quarter. Fisher Asset Management LLC now owns 839,739 shares of the technology company’s stock worth $252,451,000 after buying an additional 493,209 shares in the last quarter. Finally, Boston Partners boosted its stake in shares of NetEase by 29.3% in the second quarter. Boston Partners now owns 1,210,207 shares of the technology company’s stock worth $363,824,000 after buying an additional 273,924 shares in the last quarter. Hedge funds and other institutional investors own 55.53% of the company’s stock.

About NetEase

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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