News articles about NetEase (NASDAQ:NTES) have trended somewhat positive recently, Accern reports. The research firm identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. NetEase earned a news sentiment score of 0.08 on Accern’s scale. Accern also gave headlines about the technology company an impact score of 44.8135488709659 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news headlines that may have impacted Accern Sentiment’s analysis:
- As Netease INC (NTES) Stock Declined, Somerset Capital Management Llp Has Raised Its Stake by $44.66 Million (styleonfleek365.com)
- PUBG Files Infringement Lawsuit Against NetEase (vpesports.com)
- PUBG Corp. Sues Mobile Dev For Copyright Infringement (rollingstone.com)
- PUBG Corporation sues NetEase for cloning its game (techworm.net)
- PUBG Corp. files lawsuit against NetEase for alleged copyright infringement (gamesindustry.biz)
NTES traded down $5.33 during trading on Friday, hitting $272.74. 631,464 shares of the company’s stock traded hands, compared to its average volume of 1,104,609. NetEase has a 12-month low of $253.20 and a 12-month high of $377.64. The company has a market cap of $36,733.32, a price-to-earnings ratio of 21.98, a P/E/G ratio of 1.69 and a beta of 0.87.
Several analysts recently weighed in on the company. BidaskClub upgraded NetEase from a “sell” rating to a “hold” rating in a research note on Saturday, March 17th. ValuEngine downgraded NetEase from a “hold” rating to a “sell” rating in a research note on Thursday, March 29th. Barclays set a $315.00 price target on NetEase and gave the stock an “equal weight” rating in a research note on Tuesday, January 2nd. Vetr downgraded NetEase from a “strong-buy” rating to a “buy” rating and set a $363.82 target price on the stock. in a research note on Monday, December 11th. Finally, Benchmark increased their target price on NetEase to $355.00 and gave the company a “buy” rating in a research note on Tuesday, February 6th. Six analysts have rated the stock with a sell rating, four have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $340.73.
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NetEase Company Profile
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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