NetEase Inc. (NTES) Rating Lowered to Hold at Vetr Inc.
NetEase Inc. (NASDAQ:NTES) was downgraded by equities researchers at Vetr from a “buy” rating to a “hold” rating in a note issued to investors on Monday. They currently have a $266.16 target price on the stock. Vetr‘s price target would suggest a potential upside of 5.22% from the company’s current price.
NTES has been the subject of a number of other reports. Zacks Investment Research raised shares of NetEase from a “hold” rating to a “buy” rating and set a $232.00 price objective for the company in a research note on Thursday, July 28th. Brean Capital restated a “buy” rating on shares of NetEase in a research report on Tuesday, August 2nd. Macquarie raised their target price on shares of NetEase from $256.00 to $280.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 28th. Deutsche Bank AG raised their target price on shares of NetEase from $190.00 to $207.00 and gave the stock a “buy” rating in a research report on Friday, June 24th. Finally, Credit Agricole SA upgraded shares of NetEase from an “underperform” rating to an “outperform” rating and set a $272.00 target price on the stock in a research report on Monday, October 3rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $221.08.
Shares of NetEase (NASDAQ:NTES) opened at 252.95 on Monday. The stock has a market cap of $33.17 billion, a price-to-earnings ratio of 24.22 and a beta of 1.04. The stock’s 50 day moving average price is $231.21 and its 200-day moving average price is $184.50. NetEase has a 52-week low of $128.81 and a 52-week high of $257.56.
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NetEase (NASDAQ:NTES) last issued its quarterly earnings data on Wednesday, August 17th. The company reported $3.67 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.61 by $1.06. NetEase had a net margin of 29.34% and a return on equity of 31.47%. On average, analysts predict that NetEase will post $12.55 earnings per share for the current fiscal year.
Institutional investors have recently bought and sold shares of the stock. CIBC World Markets Inc. acquired a new position in NetEase during the first quarter valued at $316,000. Franklin Resources Inc. raised its position in NetEase by 138.2% in the first quarter. Franklin Resources Inc. now owns 566,006 shares of the company’s stock valued at $81,267,000 after buying an additional 328,400 shares during the last quarter. BlackRock Group LTD raised its position in NetEase by 5.7% in the first quarter. BlackRock Group LTD now owns 597,028 shares of the company’s stock valued at $85,722,000 after buying an additional 32,191 shares during the last quarter. BlackRock Fund Advisors raised its position in NetEase by 7.0% in the first quarter. BlackRock Fund Advisors now owns 593,151 shares of the company’s stock valued at $85,165,000 after buying an additional 38,570 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. raised its position in NetEase by 17.8% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,320,917 shares of the company’s stock valued at $189,657,000 after buying an additional 199,253 shares during the last quarter. Institutional investors and hedge funds own 59.71% of the company’s stock.
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.
To view Vetr’s full report, visit Vetr’s official website.
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