NetEase (NASDAQ:NTES) was upgraded by investment analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research note issued to investors on Friday.
Several other equities research analysts have also recently weighed in on the company. Jefferies Group reissued a “hold” rating and set a $302.00 price objective on shares of NetEase in a research note on Friday, November 17th. Vetr raised NetEase from a “hold” rating to a “buy” rating and set a $323.68 price objective on the stock in a research note on Monday, November 13th. Barclays set a $315.00 price objective on NetEase and gave the stock an “equal weight” rating in a research note on Tuesday, January 2nd. ValuEngine cut NetEase from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Finally, Benchmark boosted their price objective on NetEase to $355.00 and gave the stock a “buy” rating in a research note on Tuesday, February 6th. Four investment analysts have rated the stock with a sell rating, six have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $344.87.
Shares of NetEase (NTES) opened at $312.53 on Friday. The company has a market capitalization of $41,285.52, a PE ratio of 25.00, a P/E/G ratio of 1.76 and a beta of 0.84. NetEase has a 52-week low of $253.20 and a 52-week high of $377.64.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ladenburg Thalmann Financial Services Inc. grew its stake in shares of NetEase by 117.6% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 494 shares of the technology company’s stock valued at $131,000 after buying an additional 267 shares during the last quarter. Icon Wealth Partners LLC bought a new position in shares of NetEase during the fourth quarter valued at approximately $176,000. We Are One Seven LLC bought a new position in shares of NetEase during the fourth quarter valued at approximately $203,000. Cibc Bank USA bought a new position in shares of NetEase during the fourth quarter valued at approximately $204,000. Finally, Raymond James Financial Services Advisors Inc. bought a new position in shares of NetEase during the second quarter valued at approximately $218,000. 50.99% of the stock is currently owned by hedge funds and other institutional investors.
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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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