NTES has been the subject of a number of other reports. TH Capital lifted their price target on shares of NetEase from $270.00 to $310.00 and gave the company a “buy” rating in a research report on Monday, May 13th. ValuEngine raised shares of XPO Logistics from a “strong sell” rating to a “sell” rating in a research note on Thursday, April 4th. Zacks Investment Research raised shares of HAYS PLC/ADR from a “sell” rating to a “hold” rating in a research note on Tuesday, June 18th. Barclays lifted their price objective on shares of NetEase from $300.00 to $320.00 and gave the company an “overweight” rating in a research note on Monday, May 20th. Finally, Benchmark reissued a “buy” rating and issued a $305.00 price objective (up from $295.00) on shares of NetEase in a research note on Thursday, May 16th. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $278.75.
NTES stock traded down $4.48 during trading hours on Wednesday, reaching $247.99. 657,840 shares of the stock were exchanged, compared to its average volume of 713,784. NetEase has a 12 month low of $184.60 and a 12 month high of $289.68. The company has a market cap of $32.80 billion, a P/E ratio of 36.10, a price-to-earnings-growth ratio of 1.99 and a beta of 0.85. The firm’s 50-day simple moving average is $259.00.
Several hedge funds have recently made changes to their positions in the stock. Lindbrook Capital LLC acquired a new stake in NetEase during the fourth quarter worth approximately $31,000. Close Asset Management Ltd raised its holdings in shares of NetEase by 233.3% during the first quarter. Close Asset Management Ltd now owns 500 shares of the technology company’s stock valued at $121,000 after purchasing an additional 350 shares during the period. Marshall Wace LLP raised its holdings in shares of NetEase by 151.2% in the 1st quarter. Marshall Wace LLP now owns 638 shares of the technology company’s stock worth $154,000 after acquiring an additional 384 shares during the last quarter. Rehmann Capital Advisory Group raised its holdings in shares of NetEase by 162.5% in the 4th quarter. Rehmann Capital Advisory Group now owns 706 shares of the technology company’s stock worth $166,000 after acquiring an additional 437 shares during the last quarter. Finally, QS Investors LLC raised its holdings in shares of NetEase by 7.1% in the 4th quarter. QS Investors LLC now owns 750 shares of the technology company’s stock worth $177,000 after acquiring an additional 50 shares during the last quarter. Institutional investors own 45.98% of the company’s stock.
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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