A number of other research analysts have also commented on the company. Jefferies Financial Group assumed coverage on NetEase in a report on Monday, August 5th. They set a buy rating and a $274.60 price target for the company. Barclays upped their price target on NetEase from $320.00 to $340.00 and gave the stock an overweight rating in a report on Thursday, October 31st. Zacks Investment Research upgraded NetEase from a hold rating to a buy rating and set a $238.00 price target for the company in a report on Thursday, August 8th. Nomura upped their price target on NetEase from $288.00 to $317.00 and gave the stock a buy rating in a report on Monday, September 9th. Finally, ValuEngine lowered NetEase from a buy rating to a hold rating in a report on Wednesday, October 2nd. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and twelve have issued a buy rating to the company. The stock presently has a consensus rating of Buy and an average price target of $296.71.
Shares of NTES stock traded up $16.01 during trading hours on Thursday, reaching $310.40. 1,296,800 shares of the company’s stock were exchanged, compared to its average volume of 718,766. NetEase has a fifty-two week low of $209.01 and a fifty-two week high of $311.77. The stock has a market capitalization of $36.92 billion, a P/E ratio of 45.18, a P/E/G ratio of 0.84 and a beta of 0.81. The business has a fifty day moving average price of $282.52 and a 200-day moving average price of $263.43.
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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