NetEase, Inc. (NTES) Receives Buy Rating from Deutsche Bank AG
NetEase, Inc. (NASDAQ:NTES)‘s stock had its “buy” rating reaffirmed by analysts at Deutsche Bank AG in a report issued on Tuesday. They presently have a $343.00 price target on the technology company’s stock. Deutsche Bank AG’s target price would suggest a potential upside of 10.11% from the stock’s current price.
Other equities research analysts have also recently issued research reports about the company. BidaskClub raised NetEase from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 9th. Vetr cut NetEase from a “strong-buy” rating to a “buy” rating and set a $318.49 target price for the company. in a research note on Monday, May 22nd. Standpoint Research cut NetEase from a “buy” rating to a “reduce” rating and raised their target price for the stock from $345.00 to $360.00 in a research note on Wednesday, June 7th. Zacks Investment Research raised NetEase from a “hold” rating to a “strong-buy” rating and set a $346.00 target price for the company in a research note on Wednesday, July 12th. Finally, Jefferies Group LLC reissued a “buy” rating and set a $330.00 target price on shares of NetEase in a research note on Monday, May 22nd. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company’s stock. NetEase has an average rating of “Buy” and an average price target of $298.02.
NetEase (NASDAQ:NTES) traded down 1.64% during trading on Tuesday, reaching $306.40. The company had a trading volume of 250,445 shares. NetEase has a 52 week low of $197.00 and a 52 week high of $337.55.
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Several hedge funds and other institutional investors have recently added to or reduced their stakes in NTES. Assetmark Inc. raised its position in NetEase by 51.0% in the first quarter. Assetmark Inc. now owns 367 shares of the technology company’s stock worth $104,000 after buying an additional 124 shares during the period. Catalyst Capital Advisors LLC bought a new position in NetEase during the third quarter worth about $110,000. Nippon Life Insurance Co. raised its position in NetEase by 8.9% in the third quarter. Nippon Life Insurance Co. now owns 783 shares of the technology company’s stock worth $189,000 after buying an additional 64 shares during the period. Oasis Management Co Ltd. bought a new position in NetEase during the first quarter worth about $201,000. Finally, GRATRY & Co LLC bought a new position in NetEase during the third quarter worth about $203,000. Institutional investors and hedge funds own 55.33% of the company’s stock.
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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