NetEase (NASDAQ:NTES) was upgraded by equities researchers at Morgan Stanley from an “equal weight” rating to an “overweight” rating in a research report issued to clients and investors on Thursday, MarketBeat.com reports. The brokerage presently has a $300.00 target price on the technology company’s stock. Morgan Stanley’s target price would indicate a potential upside of 26.79% from the stock’s previous close.

Several other analysts also recently commented on NTES. Macquarie downgraded shares of NetEase from an “outperform” rating to a “neutral” rating in a report on Thursday, August 9th. JPMorgan Chase & Co. dropped their target price on shares of NetEase from $290.00 to $265.00 and set an “overweight” rating on the stock in a report on Friday, August 10th. Nomura dropped their target price on shares of NetEase from $386.00 to $352.00 and set a “buy” rating on the stock in a report on Friday, August 10th. ValuEngine downgraded shares of NetEase from a “sell” rating to a “strong sell” rating in a report on Friday, August 10th. Finally, BidaskClub downgraded shares of NetEase from a “hold” rating to a “sell” rating in a report on Tuesday, August 14th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $298.27.

Shares of NTES stock opened at $236.61 on Thursday. The company has a market cap of $31.32 billion, a price-to-earnings ratio of 19.07, a P/E/G ratio of 1.61 and a beta of 0.97. NetEase has a 52 week low of $184.60 and a 52 week high of $377.64.

NetEase (NASDAQ:NTES) last announced its earnings results on Wednesday, November 14th. The technology company reported $1.80 EPS for the quarter, missing the consensus estimate of $2.10 by ($0.30). The company had revenue of $2.45 billion for the quarter, compared to analyst estimates of $2.42 billion. NetEase had a return on equity of 12.66% and a net margin of 9.22%. The business’s quarterly revenue was up 30.9% on a year-over-year basis. During the same quarter last year, the business posted $3.43 earnings per share. Equities analysts anticipate that NetEase will post 7.04 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of NetEase by 1.7% during the 3rd quarter. Vanguard Group Inc. now owns 2,562,086 shares of the technology company’s stock worth $584,796,000 after acquiring an additional 43,455 shares in the last quarter. Comgest Global Investors S.A.S. grew its stake in shares of NetEase by 0.6% in the third quarter. Comgest Global Investors S.A.S. now owns 2,244,860 shares of the technology company’s stock valued at $512,389,000 after buying an additional 12,700 shares in the last quarter. Steadfast Capital Management LP bought a new position in shares of NetEase in the third quarter valued at $276,011,000. Artisan Partners Limited Partnership grew its stake in shares of NetEase by 0.6% in the second quarter. Artisan Partners Limited Partnership now owns 1,121,223 shares of the technology company’s stock valued at $283,299,000 after buying an additional 6,926 shares in the last quarter. Finally, Vontobel Asset Management Inc. bought a new position in shares of NetEase in the second quarter valued at $256,375,000. 45.40% of the stock is owned by institutional investors.

About NetEase

NetEase, Inc operates an interactive online community in the People's Republic of China. The company operates through Online Game Services; E-Commerce; Advertising Services; and Email and Others segments. It offers various games in a range of genres through mobile devices and PCs, including role playing games, MMORPGs, battle arena games, simulation games, collectible card games, first-person shooter games, sandbox games, and other types of games to the Chinese market.

Featured Story: How do candlesticks reflect price movement?

Analyst Recommendations for NetEase (NASDAQ:NTES)

Receive News & Ratings for NetEase Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NetEase and related companies with MarketBeat.com's FREE daily email newsletter.