Investors Buy NetEase, Inc. (NASDAQ:NTES) on Weakness

Investors bought shares of NetEase, Inc. (NASDAQ:NTES) on weakness during trading on Thursday. $478.41 million flowed into the stock on the tick-up and $447.32 million flowed out of the stock on the tick-down, for a money net flow of $31.09 million into the stock. Of all stocks tracked, NetEase had the 26th highest net in-flow for the day. NetEase traded down ($30.80) for the day and closed at $284.25

Several equities analysts recently commented on the stock. Benchmark Co. assumed coverage on shares of NetEase in a research note on Tuesday, April 18th. They issued a “buy” rating and a $325.00 price objective for the company. BidaskClub raised shares of NetEase from a “hold” rating to a “buy” rating in a research note on Thursday. Vetr downgraded shares of NetEase from a “strong-buy” rating to a “buy” rating and set a $318.49 price objective for the company. in a research note on Monday, May 22nd. Deutsche Bank AG reissued a “buy” rating and issued a $343.00 price objective (up previously from $300.00) on shares of NetEase in a research note on Tuesday, July 25th. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $300.00 price objective on shares of NetEase in a research note on Wednesday, April 26th. Three analysts have rated the stock with a sell rating, five have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $301.90.

The firm has a 50 day moving average of $307.68 and a 200-day moving average of $287.67. The stock has a market capitalization of $37.39 billion, a P/E ratio of 19.32 and a beta of 0.92.

Large investors have recently made changes to their positions in the company. BlackRock Inc. raised its stake in shares of NetEase by 1,571.4% in the first quarter. BlackRock Inc. now owns 5,039,176 shares of the technology company’s stock worth $1,431,127,000 after buying an additional 4,737,686 shares during the last quarter. FMR LLC raised its stake in shares of NetEase by 165.4% in the first quarter. FMR LLC now owns 1,328,919 shares of the technology company’s stock worth $377,413,000 after buying an additional 828,139 shares during the last quarter. Credit Agricole S A raised its stake in shares of NetEase by 19.2% in the first quarter. Credit Agricole S A now owns 4,395,661 shares of the technology company’s stock worth $1,248,368,000 after buying an additional 709,148 shares during the last quarter. Fisher Asset Management LLC raised its stake in shares of NetEase by 142.3% in the second quarter. Fisher Asset Management LLC now owns 839,739 shares of the technology company’s stock worth $252,451,000 after buying an additional 493,209 shares during the last quarter. Finally, Boston Partners raised its stake in shares of NetEase by 29.3% in the second quarter. Boston Partners now owns 1,210,207 shares of the technology company’s stock worth $363,824,000 after buying an additional 273,924 shares during the last quarter. Hedge funds and other institutional investors own 55.53% of the company’s stock.

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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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