NetEase (NTES) PT Set at $347.00 by Deutsche Bank

Deutsche Bank set a $347.00 price target on NetEase (NASDAQ:NTES) in a research report released on Thursday morning. The brokerage currently has a buy rating on the technology company’s stock.

Other analysts have also recently issued reports about the company. BidaskClub cut NetEase from a hold rating to a sell rating in a report on Thursday, January 11th. Vetr raised NetEase from a buy rating to a strong-buy rating and set a $375.44 price target for the company in a report on Wednesday, January 10th. CLSA raised NetEase from a sell rating to an underperform rating in a report on Thursday, February 8th. Zacks Investment Research raised NetEase from a sell rating to a hold rating in a report on Thursday, March 8th. Finally, Barclays set a $315.00 price target on NetEase and gave the stock an equal weight rating in a report on Tuesday, January 2nd. Six investment analysts have rated the stock with a sell rating, four have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. NetEase currently has a consensus rating of Hold and an average price target of $340.73.

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NTES opened at $272.74 on Thursday. NetEase has a 12-month low of $253.20 and a 12-month high of $377.64. The company has a market capitalization of $36,029.23, a PE ratio of 21.98, a price-to-earnings-growth ratio of 1.66 and a beta of 0.87.

NetEase (NASDAQ:NTES) last released its quarterly earnings data on Wednesday, February 7th. The technology company reported $1.49 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.52 by ($0.03). NetEase had a net margin of 19.64% and a return on equity of 24.93%. The business had revenue of $2.25 billion during the quarter, compared to analyst estimates of $2.27 billion. sell-side analysts anticipate that NetEase will post 12.47 EPS for the current year.

A number of institutional investors have recently bought and sold shares of NTES. Ladenburg Thalmann Financial Services Inc. increased its stake in NetEase by 117.6% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 494 shares of the technology company’s stock worth $131,000 after acquiring an additional 267 shares during the period. Icon Wealth Partners LLC bought a new position in NetEase during the 4th quarter worth $176,000. We Are One Seven LLC bought a new position in NetEase during the 4th quarter worth $203,000. Cibc Bank USA bought a new position in NetEase during the 4th quarter worth $204,000. Finally, Mariner Wealth Advisors LLC bought a new position in NetEase during the 4th quarter worth $233,000. Hedge funds and other institutional investors own 51.27% of the company’s stock.

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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.

Analyst Recommendations for NetEase (NASDAQ:NTES)

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