NetEase (NTES) Given a $301.00 Price Target at Deutsche Bank

NetEase (NASDAQ:NTES) has been given a $301.00 target price by analysts at Deutsche Bank in a report released on Friday. The firm currently has a “buy” rating on the technology company’s stock. Deutsche Bank’s price target points to a potential upside of 21.76% from the stock’s previous close.

Other analysts have also issued research reports about the company. Benchmark decreased their price objective on NetEase from $355.00 to $340.00 and set a “buy” rating for the company in a report on Thursday. Daiwa Capital Markets upgraded NetEase from a “neutral” rating to a “buy” rating in a report on Thursday. ValuEngine lowered NetEase from a “hold” rating to a “sell” rating in a report on Thursday. BidaskClub lowered NetEase from a “hold” rating to a “sell” rating in a report on Tuesday, March 27th. Finally, Jefferies Group decreased their price objective on NetEase from $335.00 to $310.00 and set a “hold” rating for the company in a report on Tuesday, April 10th. Six equities research analysts have rated the stock with a sell rating, three have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $329.40.

Shares of NTES traded up $1.04 during midday trading on Friday, hitting $247.20. 27,713 shares of the company’s stock traded hands, compared to its average volume of 1,205,109. NetEase has a 1 year low of $264.17 and a 1 year high of $269.29. The firm has a market cap of $34.93 billion, a PE ratio of 19.84, a P/E/G ratio of 1.69 and a beta of 0.89.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its position in shares of NetEase by 6.8% in the 1st quarter. BlackRock Inc. now owns 5,300,537 shares of the technology company’s stock valued at $1,486,218,000 after acquiring an additional 337,387 shares during the period. Orbis Allan Gray Ltd increased its position in shares of NetEase by 32.1% in the 4th quarter. Orbis Allan Gray Ltd now owns 4,119,291 shares of the technology company’s stock valued at $1,421,444,000 after acquiring an additional 1,000,970 shares during the period. Cornerstone Capital Management Holdings LLC. increased its position in shares of NetEase by 69.5% in the 4th quarter. Cornerstone Capital Management Holdings LLC. now owns 3,300,425 shares of the technology company’s stock valued at $1,138,877,000 after acquiring an additional 1,352,700 shares during the period. Baillie Gifford & Co. increased its position in shares of NetEase by 15.5% in the 1st quarter. Baillie Gifford & Co. now owns 3,084,294 shares of the technology company’s stock valued at $864,805,000 after acquiring an additional 413,855 shares during the period. Finally, Comgest Global Investors S.A.S. increased its position in shares of NetEase by 0.4% in the 4th quarter. Comgest Global Investors S.A.S. now owns 2,274,160 shares of the technology company’s stock valued at $784,745,000 after acquiring an additional 8,377 shares during the period. 51.55% of the stock is currently owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for NetEase (NASDAQ:NTES)

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