NetEase Inc. (NTES) Rating Reiterated by T.H. Capital
NetEase Inc. (NASDAQ:NTES)‘s stock had its “buy” rating restated by investment analysts at T.H. Capital in a report released on Thursday. They presently have a $297.00 target price on the stock, up from their prior target price of $227.00. T.H. Capital’s price target indicates a potential upside of 13.37% from the stock’s previous close.
Other equities analysts also recently issued reports about the stock. Brean Capital reiterated a “buy” rating on shares of NetEase in a research note on Wednesday, August 31st. Deutsche Bank AG increased their price objective on shares of NetEase from $190.00 to $207.00 and gave the company a “buy” rating in a research note on Friday, June 24th. Zacks Investment Research upgraded shares of NetEase from a “hold” rating to a “buy” rating and set a $232.00 price objective on the stock in a research note on Thursday, July 28th. Vetr upgraded shares of NetEase from a “hold” rating to a “buy” rating and set a $266.16 target price for the company in a research note on Monday, October 3rd. Finally, CICC Research upgraded shares of NetEase to a “buy” rating and set a $345.00 target price for the company in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $233.57.
Shares of NetEase (NASDAQ:NTES) opened at 261.98 on Thursday. The company’s 50-day moving average is $236.70 and its 200-day moving average is $187.44. NetEase has a 52 week low of $129.60 and a 52 week high of $270.93. The firm has a market cap of $34.35 billion, a PE ratio of 25.08 and a beta of 1.04.
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NetEase (NASDAQ:NTES) last released its quarterly earnings data on Wednesday, August 17th. The company reported $3.67 earnings per share (EPS) for the quarter, beating 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%. Analysts forecast that NetEase will post $12.55 EPS for the current fiscal year.
Several large investors have recently added to or reduced their stakes in the company. AXA boosted its stake in NetEase by 60.0% in the second quarter. AXA now owns 800 shares of the company’s stock valued at $155,000 after buying an additional 300 shares in the last quarter. Advisor Group Inc. acquired a new position in shares of NetEase during the second quarter worth $200,000. Oasis Management Co Ltd. acquired a new position in shares of NetEase during the first quarter worth $201,000. HBK Sorce Advisory LLC acquired a new position in shares of NetEase during the second quarter worth $232,000. Finally, Janney Montgomery Scott LLC acquired a new position in shares of NetEase during the second quarter worth $236,000. 59.57% of the stock is currently owned by institutional investors and hedge funds.
NetEase Company Profile
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.
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