NetEase (NASDAQ:NTES) had its target price boosted by equities researchers at Benchmark to $355.00 in a research note issued on Tuesday, The Fly reports. The brokerage currently has a “buy” rating on the technology company’s stock. Benchmark’s price target would indicate a potential upside of 14.89% from the company’s previous close.

A number of other research firms have also recently weighed in on NTES. Vetr cut NetEase from a “buy” rating to a “hold” rating and set a $323.68 price objective on the stock. in a research report on Monday, November 20th. Nomura raised NetEase from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $297.00 to $428.00 in a report on Friday, November 17th. Deutsche Bank set a $380.00 price target on NetEase and gave the stock a “buy” rating in a report on Tuesday, January 2nd. Barclays set a $315.00 price target on NetEase and gave the stock an “equal weight” rating in a report on Tuesday, January 2nd. Finally, Zacks Investment Research cut NetEase from a “hold” rating to a “sell” rating in a report on Wednesday, November 22nd. Three research analysts have rated the stock with a sell rating, seven have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. NetEase has a consensus rating of “Hold” and an average target price of $349.14.

NetEase (NTES) opened at $309.00 on Tuesday. NetEase has a 12-month low of $252.54 and a 12-month high of $377.64. The firm has a market capitalization of $40,820.00, a PE ratio of 19.64, a PEG ratio of 1.60 and a beta of 0.75.

NetEase (NASDAQ:NTES) last posted its quarterly earnings data on Wednesday, November 15th. The technology company reported $2.86 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.66 by $0.20. NetEase had a return on equity of 31.84% and a net margin of 25.34%. The firm had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.84 billion. analysts predict that NetEase will post 12.55 EPS for the current year.

NetEase declared that its board has approved a share buyback program on Wednesday, November 15th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the technology company to repurchase shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its shares are undervalued.

Institutional investors and hedge funds have recently modified their holdings of the company. TT International purchased a new stake in shares of NetEase during the 3rd quarter worth approximately $17,715,000. AXA raised its holdings in shares of NetEase by 5.9% during the 3rd quarter. AXA now owns 32,431 shares of the technology company’s stock worth $8,555,000 after acquiring an additional 1,820 shares in the last quarter. Stifel Financial Corp raised its holdings in shares of NetEase by 25.9% during the 2nd quarter. Stifel Financial Corp now owns 3,032 shares of the technology company’s stock worth $919,000 after acquiring an additional 624 shares in the last quarter. First Trust Advisors LP raised its holdings in shares of NetEase by 9.5% during the 3rd quarter. First Trust Advisors LP now owns 319,517 shares of the technology company’s stock worth $84,292,000 after acquiring an additional 27,771 shares in the last quarter. Finally, Fox Run Management L.L.C. raised its holdings in shares of NetEase by 228.6% during the 3rd quarter. Fox Run Management L.L.C. now owns 2,300 shares of the technology company’s stock worth $607,000 after acquiring an additional 1,600 shares in the last quarter. 48.89% of the stock is currently owned by institutional investors and hedge funds.

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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.

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