Shares of NetEase Inc (NASDAQ:NTES) have been assigned a consensus rating of “Buy” from the sixteen ratings firms that are presently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, ten have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $277.45.
Several equities research analysts have issued reports on NTES shares. ValuEngine raised NetEase from a “hold” rating to a “buy” rating in a research note on Thursday, April 4th. BidaskClub raised NetEase from a “hold” rating to a “buy” rating in a research note on Thursday, March 14th. Jefferies Financial Group lowered NetEase from a “buy” rating to a “hold” rating and set a $245.00 price target for the company. in a research note on Thursday, February 21st. Zacks Investment Research lowered NetEase from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 19th. Finally, TH Capital lifted their price target on NetEase from $270.00 to $310.00 and gave the stock a “buy” rating in a research note on Monday.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in NTES. Bank of New York Mellon Corp lifted its stake in shares of NetEase by 0.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 142,041 shares of the technology company’s stock valued at $32,420,000 after acquiring an additional 968 shares during the last quarter. Nordea Investment Management AB bought a new stake in shares of NetEase in the 3rd quarter valued at about $51,884,000. Morgan Stanley lifted its stake in shares of NetEase by 4.7% in the 3rd quarter. Morgan Stanley now owns 142,608 shares of the technology company’s stock valued at $32,551,000 after acquiring an additional 6,352 shares during the last quarter. Vanguard Group Inc lifted its stake in shares of NetEase by 1.7% in the 3rd quarter. Vanguard Group Inc now owns 2,562,086 shares of the technology company’s stock valued at $584,796,000 after acquiring an additional 43,455 shares during the last quarter. Finally, Fox Run Management L.L.C. bought a new stake in shares of NetEase in the 4th quarter valued at about $585,000. 44.96% of the stock is owned by institutional investors.
NetEase (NASDAQ:NTES) last issued its quarterly earnings results on Wednesday, February 20th. The technology company reported $1.92 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.51 by $0.41. NetEase had a return on equity of 13.60% and a net margin of 9.12%. The firm had revenue of $2.89 billion during the quarter, compared to analyst estimates of $2.91 billion. During the same quarter in the previous year, the company posted $2.18 earnings per share. On average, equities analysts expect that NetEase will post 7.31 earnings per share for the current fiscal year.
NetEase Company Profile
NetEase, Inc operates an interactive online community in the People's Republic of China. The company operates in four segments: Online Games Services, E-Commerce, Advertising Services, and Innovative Businesses and Other Services. It offers various games in a range of genres through mobile devices and PCs, including role-playing games, MMORPGs, battle arena games, simulation games, collectible card games, first-person shooter games, sandbox games, and other types of games to the Chinese market.
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