NetEase, Inc. (NTES) Expected to Post Q3 2017 Earnings of $3.95 Per Share
NetEase, Inc. (NASDAQ:NTES) – Analysts at Jefferies Group lowered their Q3 2017 earnings per share estimates for NetEase in a note issued to investors on Thursday. Jefferies Group analyst K. Chan now forecasts that the technology company will post earnings per share of $3.95 for the quarter, down from their previous forecast of $4.03. Jefferies Group currently has a “Buy” rating and a $330.00 price target on the stock. Jefferies Group also issued estimates for NetEase’s Q4 2017 earnings at $4.13 EPS.
NTES has been the topic of several other reports. Benchmark Co. began coverage on NetEase in a research report on Tuesday, April 18th. They issued a “buy” rating and a $325.00 target price on the stock. BidaskClub lowered NetEase from a “buy” rating to a “hold” rating in a research report on Friday. Vetr lowered NetEase from a “strong-buy” rating to a “buy” rating and set a $318.49 target price on the stock. in a research report on Monday, May 22nd. Deutsche Bank AG reaffirmed a “buy” rating and issued a $343.00 target price (up from $300.00) on shares of NetEase in a research report on Tuesday, July 25th. Finally, Zacks Investment Research raised NetEase from a “hold” rating to a “strong-buy” rating and set a $346.00 target price on the stock in a research report on Wednesday, July 12th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $298.02.
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Shares of NetEase (NASDAQ:NTES) opened at 304.47 on Monday. The stock has a market capitalization of $40.05 billion, a PE ratio of 20.84 and a beta of 0.92. NetEase has a one year low of $197.00 and a one year high of $337.55.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Assetmark Inc. raised its position in shares of 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 in the last quarter. IFP Advisors Inc raised its position in shares of NetEase by 21.4% in the second quarter. IFP Advisors Inc now owns 391 shares of the technology company’s stock worth $118,000 after buying an additional 69 shares in the last quarter. Howe & Rusling Inc. raised its position in shares of NetEase by 7.2% in the first quarter. Howe & Rusling Inc. now owns 715 shares of the technology company’s stock worth $203,000 after buying an additional 48 shares in the last quarter. Private Advisory Group LLC bought a new position in shares of NetEase during the first quarter worth approximately $205,000. Finally, Huntington National Bank raised its position in shares of NetEase by 84.7% in the second quarter. Huntington National Bank now owns 700 shares of the technology company’s stock worth $210,000 after buying an additional 321 shares in the last quarter. 55.38% of the stock is currently owned by institutional investors and hedge funds.
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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