NetEase (NTES) Reaches New 1-Year High and Low at $251.83

NetEase (NASDAQ:NTES) hit a new 52-week high and low on Tuesday . The company traded as low as $251.83 and last traded at $254.08, with a volume of 1358240 shares changing hands. The stock had previously closed at $260.78.

A number of brokerages have recently weighed in on NTES. Barclays set a $315.00 price target on NetEase and gave the company an “equal weight” rating in a report on Tuesday, January 2nd. Deutsche Bank set a $380.00 price target on NetEase and gave the company a “buy” rating in a report on Tuesday, January 2nd. Vetr upgraded NetEase from a “hold” rating to a “buy” rating and set a $363.82 price target for the company in a report on Monday, January 1st. BidaskClub downgraded NetEase from a “hold” rating to a “sell” rating in a report on Thursday, January 11th. Finally, Goldman Sachs reiterated a “buy” rating and issued a $432.00 price target (up from $340.00) on shares of NetEase in a report on Thursday, January 18th. They noted that the move was a valuation call. Six investment analysts have rated the stock with a sell rating, five have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. NetEase currently has a consensus rating of “Hold” and an average price target of $334.94.

The company has a market capitalization of $35,178.49, a P/E ratio of 20.48, a price-to-earnings-growth ratio of 1.68 and a beta of 0.87.

NetEase (NASDAQ:NTES) last issued its quarterly earnings data on Wednesday, February 7th. The technology company reported $1.49 EPS for the quarter, missing the Zacks’ consensus estimate of $1.52 by ($0.03). The company had revenue of $2.25 billion for the quarter, compared to the consensus estimate of $2.27 billion. NetEase had a return on equity of 24.93% and a net margin of 19.64%. equities analysts predict that NetEase will post 12 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. grew its stake in NetEase by 5.2% during the 4th quarter. BlackRock Inc. now owns 4,963,150 shares of the technology company’s stock worth $1,712,636,000 after buying an additional 243,978 shares during the last quarter. Orbis Allan Gray Ltd grew its stake in NetEase by 32.1% during the 4th quarter. Orbis Allan Gray Ltd now owns 4,119,291 shares of the technology company’s stock worth $1,421,444,000 after buying an additional 1,000,970 shares during the last quarter. Cornerstone Capital Management Holdings LLC. grew its stake in NetEase by 69.5% during the 4th quarter. Cornerstone Capital Management Holdings LLC. now owns 3,300,425 shares of the technology company’s stock worth $1,138,877,000 after buying an additional 1,352,700 shares during the last quarter. Comgest Global Investors S.A.S. grew its stake in NetEase by 0.4% during the 4th quarter. Comgest Global Investors S.A.S. now owns 2,274,160 shares of the technology company’s stock worth $784,745,000 after buying an additional 8,377 shares during the last quarter. Finally, UBS Asset Management Americas Inc. grew its stake in NetEase by 179.7% during the 4th quarter. UBS Asset Management Americas Inc. now owns 1,907,384 shares of the technology company’s stock worth $658,181,000 after buying an additional 1,225,421 shares during the last quarter. Hedge funds and other institutional investors own 51.17% of the company’s stock.

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NetEase Company Profile

NetEase, Inc operates an interactive online community in the People's Republic of China. The company operates through Online Game Services; Advertising Services; and E-mail, E-commerce and Others segments. It offers PC-client massively multi-player online role-playing games and mobile games; and distributes its point cards to gamers.

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