NetEase (NASDAQ:NTES) was downgraded by stock analysts at ValuEngine from a “hold” rating to a “sell” rating in a note issued to investors on Thursday.
Several other equities analysts have also recently commented on NTES. Zacks Investment Research raised shares of NetEase from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 17th. Goldman Sachs reaffirmed a “buy” rating and set a $432.00 price objective (up previously from $340.00) on shares of NetEase in a research note on Thursday, January 18th. They noted that the move was a valuation call. Vetr cut shares of NetEase from a “strong-buy” rating to a “buy” rating and set a $355.00 price objective for the company. in a research note on Monday, January 22nd. BidaskClub cut shares of NetEase from a “sell” rating to a “strong sell” rating in a research note on Tuesday, January 23rd. Finally, Benchmark boosted their price objective on shares of NetEase to $355.00 and gave the company a “buy” rating in a research note on Tuesday, February 6th. Six equities research analysts have rated the stock with a sell rating, three have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $334.13.
NetEase traded down $19.84, hitting $246.16, during mid-day trading on Thursday, Marketbeat.com reports. 4,952,799 shares of the stock traded hands, compared to its average volume of 1,204,972. The stock has a market cap of $34.98 billion, a P/E ratio of 19.84, a P/E/G ratio of 1.69 and a beta of 0.89. NetEase has a 12-month low of $264.17 and a 12-month high of $269.29.
NetEase, Inc operates an interactive online community in the People's Republic of China. The company operates through Online Game Services; Advertising Services; and E-mail, E-commerce and Others segments. It offers PC-client massively multi-player online role-playing games and mobile games; and distributes its point cards to gamers.
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