NetEase, Inc. (NASDAQ:NTES) was upgraded by ValuEngine from a “hold” rating to a “buy” rating in a note issued to investors on Friday.

NTES has been the topic of several other reports. BidaskClub cut NetEase from a “buy” rating to a “hold” rating in a research note on Wednesday, August 16th. Deutsche Bank AG reissued a “buy” rating and set a $343.00 price objective (up from $300.00) on shares of NetEase in a research note on Tuesday, July 25th. Credit Suisse Group reissued an “outperform” rating and set a $315.00 price objective on shares of NetEase in a research note on Tuesday, October 3rd. CLSA cut NetEase from an “outperform” rating to an “underperform” rating in a research note on Thursday, August 10th. Finally, Vetr raised NetEase from a “buy” rating to a “strong-buy” rating and set a $320.50 price objective on the stock in a research note on Wednesday, September 20th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the stock. NetEase presently has a consensus rating of “Hold” and an average price target of $302.81.

Shares of NetEase (NASDAQ NTES) traded down $9.99 during midday trading on Friday, reaching $302.87. The company’s stock had a trading volume of 1,956,400 shares, compared to its average volume of 1,248,941. NetEase has a 52 week low of $211.11 and a 52 week high of $337.55. The company has a market capitalization of $41,329.12, a PE ratio of 20.49, a P/E/G ratio of 1.32 and a beta of 0.91.

ILLEGAL ACTIVITY WARNING: This piece of content was first posted by American Banking News and is the property of of American Banking News. If you are viewing this piece of content on another website, it was illegally copied and reposted in violation of international copyright laws. The original version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/11/11/netease-inc-ntes-upgraded-at-valuengine.html.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Renaissance Technologies LLC boosted its holdings in shares of NetEase by 20.1% in the second quarter. Renaissance Technologies LLC now owns 2,726,000 shares of the technology company’s stock valued at $819,517,000 after purchasing an additional 456,300 shares during the period. Orbis Allan Gray Ltd boosted its holdings in shares of NetEase by 17.9% in the second quarter. Orbis Allan Gray Ltd now owns 2,459,381 shares of the technology company’s stock valued at $739,364,000 after purchasing an additional 372,510 shares during the period. Comgest Global Investors S.A.S. boosted its holdings in shares of NetEase by 2.6% in the third quarter. Comgest Global Investors S.A.S. now owns 2,265,783 shares of the technology company’s stock valued at $597,737,000 after purchasing an additional 58,279 shares during the period. FMR LLC boosted its holdings in shares of NetEase by 63.3% in the second quarter. FMR LLC now owns 2,170,611 shares of the technology company’s stock valued at $652,551,000 after purchasing an additional 841,692 shares during the period. Finally, Boston Partners boosted its holdings in shares of NetEase by 10.0% in the third quarter. Boston Partners now owns 1,331,472 shares of the technology company’s stock valued at $351,256,000 after purchasing an additional 121,265 shares during the period. Hedge funds and other institutional investors own 50.45% 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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for NetEase (NASDAQ:NTES)

Receive News & Ratings for NetEase Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NetEase Inc. and related companies with MarketBeat.com's FREE daily email newsletter.