NetEase (NTES) Price Target Cut to $310.00 by Analysts at Jefferies Group

NetEase (NASDAQ:NTES) had its price objective decreased by research analysts at Jefferies Group from $335.00 to $310.00 in a research report issued on Tuesday. The brokerage currently has a “hold” rating on the technology company’s stock. Jefferies Group’s price target would suggest a potential upside of 10.03% from the company’s previous close.

NTES has been the subject of a number of other research reports. BidaskClub raised NetEase from a “sell” rating to a “hold” rating in a report on Saturday, March 17th. ValuEngine cut NetEase from a “hold” rating to a “sell” rating in a report on Thursday, March 29th. Barclays set a $315.00 target price on NetEase and gave the stock an “equal weight” rating in a report on Tuesday, January 2nd. Vetr cut NetEase from a “strong-buy” rating to a “buy” rating and set a $363.82 target price for the company. in a report on Monday, December 11th. Finally, Benchmark upped their target price on NetEase to $355.00 and gave the stock a “buy” rating in a report on Tuesday, February 6th. Six investment analysts have rated the stock with a sell rating, four have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $341.27.

NetEase stock opened at $281.74 on Tuesday. NetEase has a 52 week low of $253.20 and a 52 week high of $377.64. The firm has a market cap of $37,055.65, a PE ratio of 22.70, a price-to-earnings-growth ratio of 1.70 and a beta of 0.87.



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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC grew its position in shares of NetEase by 2.5% in the 3rd quarter. Janney Montgomery Scott LLC now owns 7,021 shares of the technology company’s stock valued at $1,852,000 after buying an additional 170 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its position in shares of NetEase by 1.9% in the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 10,215 shares of the technology company’s stock valued at $3,493,000 after buying an additional 189 shares during the last quarter. Cetera Advisor Networks LLC grew its position in shares of NetEase by 18.0% in the 3rd quarter. Cetera Advisor Networks LLC now owns 1,556 shares of the technology company’s stock valued at $411,000 after buying an additional 237 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. grew its position in shares of NetEase by 117.6% in the 3rd 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. Finally, Pillar Pacific Capital Management LLC grew its position in shares of NetEase by 2.2% in the 4th quarter. Pillar Pacific Capital Management LLC now owns 17,542 shares of the technology company’s stock valued at $6,053,000 after buying an additional 383 shares during the last quarter. Hedge funds and other institutional investors own 51.28% of the company’s stock.

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About NetEase

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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