Other analysts have also recently issued reports about the company. ValuEngine upgraded XPO Logistics from a strong sell rating to a sell rating in a research note on Thursday, April 4th. Barclays raised their price target on NetEase from $300.00 to $320.00 and gave the company an overweight rating in a research note on Monday, May 20th. Zacks Investment Research upgraded HB Fuller from a sell rating to a hold rating in a research note on Wednesday, July 3rd. China Renaissance Securities upgraded NetEase from a hold rating to a buy rating in a research report on Thursday, May 16th. Finally, TH Capital lifted their target price on NetEase from $270.00 to $310.00 and gave the stock a buy rating in a research report on Monday, May 13th. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. NetEase currently has an average rating of Buy and a consensus target price of $278.75.
NetEase stock opened at $259.87 on Tuesday. NetEase has a 1-year low of $184.60 and a 1-year high of $289.68. The firm has a market capitalization of $34.13 billion, a PE ratio of 37.83, a PEG ratio of 2.02 and a beta of 0.85. The company has a fifty day simple moving average of $258.85.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Lazard Asset Management LLC grew its holdings in shares of NetEase by 15.1% during the first quarter. Lazard Asset Management LLC now owns 3,958,410 shares of the technology company’s stock worth $955,757,000 after buying an additional 518,036 shares during the last quarter. FMR LLC grew its holdings in shares of NetEase by 3.5% during the fourth quarter. FMR LLC now owns 2,172,576 shares of the technology company’s stock worth $511,359,000 after buying an additional 72,461 shares during the last quarter. Norges Bank purchased a new position in shares of NetEase during the fourth quarter worth about $214,335,000. William Blair Investment Management LLC grew its holdings in shares of NetEase by 21.6% during the first quarter. William Blair Investment Management LLC now owns 691,360 shares of the technology company’s stock worth $166,924,000 after buying an additional 122,622 shares during the last quarter. Finally, FIL Ltd grew its holdings in shares of NetEase by 7.0% during the first quarter. FIL Ltd now owns 689,173 shares of the technology company’s stock worth $166,401,000 after buying an additional 45,219 shares during the last quarter. Institutional investors and hedge funds own 45.98% of the company’s stock.
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.
Further Reading: Market Capitalization in the Stock Market
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