NetEase, Inc. (NTES) Lifted to Hold at Zacks Investment Research

NetEase, Inc. (NASDAQ:NTES) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Wednesday.

According to Zacks, “NetEase, Inc. is an Internet technology company engaged in the development of applications, services and other technologies for the Internet in China. It provides online gaming services that include in-house developed massively multi-player online role-playing games and licensed titles. NetEase also provides online advertising, community services, entertainment content, free e-mail services and micro-blogging services. The Company also offers wireless value-added services such as news and information content, matchmaking services, music and photos from the web that are sent over SMS, MMS, WAP, IVR and Color Ring-back Tone technologies. NetEase, Inc., formerly known as NetEase.com, Inc., is based in Beijing, the People’s Republic of China. “

NTES has been the topic of several other reports. BidaskClub downgraded NetEase from a “buy” rating to a “hold” rating in a research report on Wednesday, August 16th. Deutsche Bank AG restated a “buy” rating and set a $343.00 price target (up from $300.00) on shares of NetEase in a research note on Tuesday, July 25th. Credit Suisse Group restated an “outperform” rating and set a $315.00 price target on shares of NetEase in a research note on Tuesday, October 3rd. CLSA lowered NetEase from an “outperform” rating to an “underperform” rating in a research note on Thursday, August 10th. Finally, Vetr upgraded NetEase from a “buy” rating to a “strong-buy” rating and set a $320.50 price target for the company in a research note on Wednesday, September 20th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. NetEase has a consensus rating of “Hold” and an average price target of $301.59.

NetEase (NASDAQ NTES) opened at 269.33 on Wednesday. The firm has a market capitalization of $35.50 billion, a P/E ratio of 17.46 and a beta of 0.94. The firm has a 50-day moving average price of $271.55 and a 200 day moving average price of $286.14. NetEase has a 52-week low of $211.11 and a 52-week high of $337.55.

ILLEGAL ACTIVITY WARNING: This news story was originally published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this news story on another website, it was copied illegally and republished in violation of US and international copyright and trademark legislation. The correct version of this news story can be viewed at https://ledgergazette.com/2017/10/11/netease-inc-ntes-lifted-to-hold-at-zacks-investment-research.html.

Hedge funds have recently bought and sold shares of the company. Renaissance Group LLC grew its stake in shares of NetEase by 3.3% in the second quarter. Renaissance Group LLC now owns 51,703 shares of the technology company’s stock valued at $15,543,000 after buying an additional 1,656 shares in the last quarter. Aberdeen Asset Management PLC UK grew its stake in shares of NetEase by 64.7% in the second quarter. Aberdeen Asset Management PLC UK now owns 72,450 shares of the technology company’s stock valued at $21,781,000 after buying an additional 28,450 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of NetEase by 11.6% in the first quarter. Geode Capital Management LLC now owns 152,694 shares of the technology company’s stock valued at $43,243,000 after buying an additional 15,931 shares in the last quarter. Standard Life Investments LTD grew its stake in shares of NetEase by 14,556.7% in the second quarter. Standard Life Investments LTD now owns 25,063 shares of the technology company’s stock valued at $7,534,000 after buying an additional 24,892 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI grew its stake in shares of NetEase by 77.7% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 53,952 shares of the technology company’s stock valued at $16,220,000 after buying an additional 23,587 shares in the last quarter. Institutional investors and hedge funds own 50.38% of the company’s stock.

About NetEase

NetEase, Inc (NetEase) is a technology company. The Company op

According to Zacks, “NetEase, Inc. is an Internet technology company engaged in the development of applications, services and other technologies for the Internet in China. It provides online gaming services that include in-house developed massively multi-player online role-playing games and licensed titles. NetEase also provides online advertising, community services, entertainment content, free e-mail services and micro-blogging services. The Company also offers wireless value-added services such as news and information content, matchmaking services, music and photos from the web that are sent over SMS, MMS, WAP, IVR and Color Ring-back Tone technologies. NetEase, Inc., formerly known as NetEase.com, Inc., is based in Beijing, the People’s Republic of China. “

NTES has been the topic of several other reports. BidaskClub downgraded NetEase from a “buy” rating to a “hold” rating in a research report on Wednesday, August 16th. Deutsche Bank AG restated a “buy” rating and set a $343.00 price target (up from $300.00) on shares of NetEase in a research note on Tuesday, July 25th. Credit Suisse Group restated an “outperform” rating and set a $315.00 price target on shares of NetEase in a research note on Tuesday, October 3rd. CLSA lowered NetEase from an “outperform” rating to an “underperform” rating in a research note on Thursday, August 10th. Finally, Vetr upgraded NetEase from a “buy” rating to a “strong-buy” rating and set a $320.50 price target for the company in a research note on Wednesday, September 20th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. NetEase has a consensus rating of “Hold” and an average price target of $301.59.

NetEase (NASDAQ NTES) opened at 269.33 on Wednesday. The firm has a market capitalization of $35.50 billion, a P/E ratio of 17.46 and a beta of 0.94. The firm has a 50-day moving average price of $271.55 and a 200 day moving average price of $286.14. NetEase has a 52-week low of $211.11 and a 52-week high of $337.55.

ILLEGAL ACTIVITY WARNING: This news story was originally published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this news story on another website, it was copied illegally and republished in violation of US and international copyright and trademark legislation. The correct version of this news story can be viewed at https://ledgergazette.com/2017/10/11/netease-inc-ntes-lifted-to-hold-at-zacks-investment-research.html.

Hedge funds have recently bought and sold shares of the company. Renaissance Group LLC grew its stake in shares of NetEase by 3.3% in the second quarter. Renaissance Group LLC now owns 51,703 shares of the technology company’s stock valued at $15,543,000 after buying an additional 1,656 shares in the last quarter. Aberdeen Asset Management PLC UK grew its stake in shares of NetEase by 64.7% in the second quarter. Aberdeen Asset Management PLC UK now owns 72,450 shares of the technology company’s stock valued at $21,781,000 after buying an additional 28,450 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of NetEase by 11.6% in the first quarter. Geode Capital Management LLC now owns 152,694 shares of the technology company’s stock valued at $43,243,000 after buying an additional 15,931 shares in the last quarter. Standard Life Investments LTD grew its stake in shares of NetEase by 14,556.7% in the second quarter. Standard Life Investments LTD now owns 25,063 shares of the technology company’s stock valued at $7,534,000 after buying an additional 24,892 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI grew its stake in shares of NetEase by 77.7% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 53,952 shares of the technology company’s stock valued at $16,220,000 after buying an additional 23,587 shares in the last quarter. Institutional investors and hedge funds own 50.38% of the company’s stock.

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.

Analyst Recommendations for NetEase (NASDAQ:NTES)

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