NetEase, Inc. (NASDAQ:NTES) was downgraded by equities research analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued on Wednesday.

NTES has been the topic of several other reports. Benchmark Co. began coverage on shares of NetEase in a research report on Tuesday, April 18th. They issued a “buy” rating and a $325.00 price objective on the stock. Vetr lowered shares of NetEase from a “strong-buy” rating to a “buy” rating and set a $318.49 price target on the stock. in a research note on Monday, May 22nd. Deutsche Bank AG reiterated a “buy” rating and issued a $343.00 price target (up from $300.00) on shares of NetEase in a research note on Tuesday, July 25th. Jefferies Group LLC reiterated a “buy” rating and issued a $300.00 price target on shares of NetEase in a research note on Wednesday, April 26th. Finally, Standpoint Research lowered shares of NetEase from a “buy” rating to a “reduce” rating and lifted their price target for the company from $345.00 to $360.00 in a research note on Wednesday, June 7th. Four analysts have rated the stock with a sell rating, five have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $301.90.

NetEase (NASDAQ:NTES) opened at 276.07 on Wednesday. NetEase has a 52-week low of $199.01 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 the company. OLD National Bancorp IN raised its position in NetEase by 0.4% in the second quarter. OLD National Bancorp IN now owns 930 shares of the technology company’s stock valued at $280,000 after buying an additional 4 shares in the last quarter. American International Group Inc. raised its position in NetEase by 0.3% in the third quarter. American International Group Inc. now owns 4,396 shares of the technology company’s stock valued at $1,058,000 after buying an additional 13 shares in the last quarter. HBK Sorce Advisory LLC raised its position in NetEase by 1.4% in the third quarter. HBK Sorce Advisory LLC now owns 1,216 shares of the technology company’s stock valued at $293,000 after buying an additional 17 shares in the last quarter. Ameritas Investment Partners Inc. raised its position in NetEase by 1.3% in the second quarter. Ameritas Investment Partners Inc. now owns 1,366 shares of the technology company’s stock valued at $411,000 after buying an additional 17 shares in the last quarter. Finally, Financial Counselors Inc. raised its position in NetEase by 1.7% in the second quarter. Financial Counselors Inc. now owns 1,211 shares of the technology company’s stock valued at $364,000 after buying an additional 20 shares in the last quarter. Institutional investors own 55.88% 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.

Analyst Recommendations for NetEase (NASDAQ:NTES)

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