NetEase (NASDAQ:NTES) has been given a $380.00 target price by Deutsche Bank in a research note issued to investors on Tuesday. The brokerage presently has a “buy” rating on the technology company’s stock. Deutsche Bank’s price target points to a potential upside of 10.12% from the company’s previous close.
NTES has been the topic of a number of other reports. ValuEngine upgraded shares of NetEase from a “hold” rating to a “buy” rating in a report on Friday, November 10th. Zacks Investment Research upgraded shares of NetEase from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 11th. Barclays started coverage on shares of NetEase in a report on Wednesday, October 4th. They issued an “equal weight” rating and a $260.00 target price on the stock. Nomura upgraded shares of NetEase from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $297.00 to $428.00 in a report on Friday, November 17th. Finally, Vetr upgraded shares of NetEase from a “hold” rating to a “buy” rating and set a $323.68 target price on the stock in a report on Monday, November 13th. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $330.12.
Shares of NetEase (NTES) opened at $345.07 on Tuesday. NetEase has a fifty-two week low of $214.75 and a fifty-two week high of $377.64. The firm has a market cap of $45,584.09, a PE ratio of 23.85, a PEG ratio of 1.95 and a beta of 0.92.
Several hedge funds have recently added to or reduced their stakes in the stock. Assetmark Inc. lifted its position in shares of NetEase by 51.0% in the 1st quarter. Assetmark Inc. now owns 367 shares of the technology company’s stock worth $104,000 after purchasing an additional 124 shares during the period. Catalyst Capital Advisors LLC purchased a new stake in shares of NetEase in the 3rd quarter worth approximately $110,000. IFP Advisors Inc lifted its position in shares of NetEase by 21.4% in the 2nd quarter. IFP Advisors Inc now owns 391 shares of the technology company’s stock worth $118,000 after purchasing an additional 69 shares during the period. Ladenburg Thalmann Financial Services Inc. lifted its position in shares of NetEase by 117.6% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 494 shares of the technology company’s stock worth $131,000 after purchasing an additional 267 shares during the period. Finally, PNC Financial Services Group Inc. lifted its position in shares of NetEase by 22.4% in the 2nd quarter. PNC Financial Services Group Inc. now owns 536 shares of the technology company’s stock worth $161,000 after purchasing an additional 98 shares during the period. 50.42% 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.
