NetEase, Inc. (NASDAQ:NTES) was upgraded by investment analysts at BidaskClub from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday.

NTES has been the topic of a number of other research reports. Zacks Investment Research lowered NetEase from a “buy” rating to a “hold” rating in a research report on Tuesday. CLSA lowered NetEase from an “outperform” rating to an “underperform” rating in a research report on Thursday. Vetr lowered NetEase from a “strong-buy” rating to a “buy” rating and set a $318.49 price target on the stock. in a research report on Monday, May 22nd. Instinet lowered NetEase from a “buy” rating to a “neutral” rating and reduced their price target for the company from $307.00 to $297.00 in a research report on Thursday, May 11th. Finally, Standpoint Research lowered NetEase from a “buy” rating to a “reduce” rating and increased their price target for the company from $345.00 to $360.00 in a research report on Wednesday, June 7th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $301.90.

NetEase (NASDAQ:NTES) traded down 9.8455% during trading on Thursday, reaching $284.0318. The company’s stock had a trading volume of 2,344,993 shares. NetEase has a 1-year low of $199.01 and a 1-year high of $337.55. The stock has a market capitalization of $37.36 billion, a PE ratio of 19.3088 and a beta of 0.92. The stock has a 50 day moving average price of $308.81 and a 200 day moving average price of $287.70.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Charles Lim Capital Ltd increased its position in NetEase by 324.6% in the second quarter. Charles Lim Capital Ltd now owns 121,527 shares of the technology company’s stock worth $36,535,000 after buying an additional 92,906 shares in the last quarter. AGF Investments Inc. increased its position in NetEase by 100.3% in the second quarter. AGF Investments Inc. now owns 7,680 shares of the technology company’s stock worth $2,310,000 after buying an additional 3,846 shares in the last quarter. Myriad Asset Management Ltd. purchased a new position in NetEase during the second quarter worth about $18,699,000. Los Angeles Capital Management & Equity Research Inc. purchased a new position in NetEase during the second quarter worth about $77,747,000. Finally, Hosking Partners LLP increased its position in NetEase by 1.6% in the second quarter. Hosking Partners LLP now owns 98,209 shares of the technology company’s stock worth $29,525,000 after buying an additional 1,583 shares in the last quarter. Hedge funds and other institutional investors own 55.53% 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.

Analyst Recommendations for NetEase (NASDAQ:NTES)

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