NetEase (NASDAQ:NTES) Stock Rating Upgraded by StockNews.com

NetEase (NASDAQ:NTES) was upgraded by equities research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a note issued to investors on Tuesday.

NetEase Stock Down 0.5 %

Shares of NetEase stock opened at $103.69 on Tuesday. NetEase has a 12-month low of $80.79 and a 12-month high of $118.89. The company’s fifty day simple moving average is $104.42 and its two-hundred day simple moving average is $103.68. The firm has a market cap of $66.85 billion, a PE ratio of 16.38, a price-to-earnings-growth ratio of 0.90 and a beta of 0.59.

NetEase (NASDAQ:NTES) last issued its earnings results on Thursday, February 29th. The technology company reported $1.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.62 by ($0.20). NetEase had a return on equity of 24.36% and a net margin of 28.39%. The firm had revenue of $3.82 billion during the quarter, compared to the consensus estimate of $3.96 billion. As a group, sell-side analysts expect that NetEase will post 7.19 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in NTES. Private Trust Co. NA raised its holdings in NetEase by 418.9% in the fourth quarter. Private Trust Co. NA now owns 275 shares of the technology company’s stock worth $26,000 after purchasing an additional 222 shares in the last quarter. Chilton Capital Management LLC purchased a new stake in NetEase in the fourth quarter valued at about $37,000. USA Financial Formulas boosted its holdings in NetEase by 1,153.1% in the fourth quarter. USA Financial Formulas now owns 401 shares of the technology company’s stock worth $37,000 after acquiring an additional 369 shares in the last quarter. Pinpoint Asset Management Ltd purchased a new stake in shares of NetEase during the first quarter worth about $42,000. Finally, First Capital Advisors Group LLC. acquired a new position in shares of NetEase during the second quarter valued at about $47,000. Hedge funds and other institutional investors own 11.07% of the company’s stock.

About NetEase

NetEase, Inc engages in online games, music streaming, online intelligent learning services, and internet content services businesses in China and internationally . The company operates through Games and Related Value-Added Services, Youdao, Cloud Music, and Innovative Businesses and Others segments.