NetEase, Inc. (NASDAQ:NTES) was upgraded by stock analysts at Vetr from a “hold” rating to a “buy” rating in a note issued to investors on Monday. The brokerage presently has a $323.68 target price on the technology company’s stock. Vetr‘s target price would indicate a potential upside of 6.87% from the stock’s previous close.

Several other research analysts have also recently issued reports on the stock. ValuEngine cut shares of NetEase from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Deutsche Bank AG reissued a “buy” rating and set a $343.00 target price (up previously from $300.00) on shares of NetEase in a report on Tuesday, July 25th. Zacks Investment Research raised shares of NetEase from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 11th. UBS AG cut shares of NetEase from a “buy” rating to a “neutral” rating in a report on Monday, October 30th. Finally, Credit Suisse Group reissued an “outperform” rating and set a $315.00 target price on shares of NetEase in a report on Tuesday, October 3rd. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $303.64.

NetEase (NASDAQ NTES) traded down $9.99 during trading hours on Monday, hitting $302.87. 1,956,400 shares of the stock traded hands, compared to its average volume of 1,297,082. NetEase has a 1-year low of $211.11 and a 1-year high of $337.55. The firm has a market capitalization of $40,009.43, a P/E ratio of 19.83, a P/E/G ratio of 1.28 and a beta of 0.91.

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Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Renaissance Group LLC increased its holdings in NetEase by 3.3% in the second quarter. Renaissance Group LLC now owns 51,703 shares of the technology company’s stock valued at $15,543,000 after buying an additional 1,656 shares in the last quarter. Aberdeen Asset Management PLC UK increased its holdings in NetEase by 64.7% in the second quarter. Aberdeen Asset Management PLC UK now owns 72,450 shares of the technology company’s stock valued at $21,781,000 after buying an additional 28,450 shares in the last quarter. First Trust Advisors LP increased its holdings in NetEase by 9.5% in the third quarter. First Trust Advisors LP now owns 319,517 shares of the technology company’s stock valued at $84,292,000 after buying an additional 27,771 shares in the last quarter. Stifel Financial Corp increased its holdings in NetEase by 25.9% in the second quarter. Stifel Financial Corp now owns 3,032 shares of the technology company’s stock valued at $919,000 after buying an additional 624 shares in the last quarter. Finally, Standard Life Investments LTD increased its holdings in NetEase by 14,556.7% in the second quarter. Standard Life Investments LTD now owns 25,063 shares of the technology company’s stock valued at $7,534,000 after buying an additional 24,892 shares in the last quarter. 50.30% of the stock is owned by 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.

Analyst Recommendations for NetEase (NASDAQ:NTES)

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