NetEase, Inc. (NASDAQ:NTES) was downgraded by equities research analysts at UBS AG from a “buy” rating to a “neutral” rating in a note issued to investors on Monday, The Fly reports.

Several other equities analysts also recently commented on NTES. BidaskClub downgraded shares of NetEase from a “buy” rating to a “hold” rating in a report on Wednesday, July 5th. Zacks Investment Research upgraded shares of NetEase from a “hold” rating to a “strong-buy” rating and set a $346.00 price target on the stock in a research note on Wednesday, July 12th. Deutsche Bank AG restated 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. CLSA downgraded shares of NetEase from an “outperform” rating to an “underperform” rating in a research note on Thursday, August 10th. Finally, ValuEngine downgraded shares of NetEase from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $298.82.

NetEase (NTES) traded down 2.24% on Monday, reaching $277.18. 951,209 shares of the company were exchanged. NetEase has a 12-month low of $211.11 and a 12-month high of $337.55. The stock has a 50 day moving average of $273.58 and a 200 day moving average of $285.73. The firm has a market capitalization of $36.53 billion, a PE ratio of 17.97 and a beta of 0.94.

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Several hedge funds have recently bought and sold shares of NTES. Reynolds Capital Management lifted its holdings in shares of NetEase by 76.2% in the fourth quarter. Reynolds Capital Management now owns 3,700 shares of the technology company’s stock worth $671,000 after acquiring an additional 1,600 shares during the last quarter. Vontobel Asset Management lifted its holdings in shares of NetEase by 1.6% in the fourth quarter. Vontobel Asset Management now owns 2,981,327 shares of the technology company’s stock worth $547,405,000 after acquiring an additional 48,113 shares during the last quarter. Acadian Asset Management lifted its holdings in shares of NetEase by 37.4% in the fourth quarter. Acadian Asset Management now owns 1,965,549 shares of the technology company’s stock worth $356,238,000 after acquiring an additional 534,781 shares during the last quarter. DNB Asset Management lifted its holdings in shares of NetEase by 2.5% in the fourth quarter. DNB Asset Management now owns 20,900 shares of the technology company’s stock worth $3,787,916 after acquiring an additional 500 shares during the last quarter. Finally, Nordea Investment Management AB lifted its holdings in shares of NetEase by 11.1% in the fourth quarter. Nordea Investment Management AB now owns 515,091 shares of the technology company’s stock worth $93,355,000 after acquiring an additional 51,535 shares during the last quarter. 50.41% of the stock is owned by hedge funds and other institutional investors.

About NetEase

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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Analyst Recommendations for NetEase (NASDAQ:NTES)

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