NetEase (NASDAQ:NTES) was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued on Thursday, January 11th.
Other analysts have also issued reports about the stock. Citigroup restated a “buy” rating and issued a $351.00 price objective on shares of NetEase in a report on Thursday, November 16th. Vetr lowered shares of NetEase from a “strong-buy” rating to a “buy” rating and set a $327.04 price objective for the company. in a report on Monday, September 18th. ValuEngine upgraded shares of NetEase from a “hold” rating to a “buy” rating in a report on Friday, November 10th. Deutsche Bank set a $325.00 price objective on shares of NetEase and gave the stock a “buy” rating in a report on Friday, October 6th. Finally, Benchmark decreased their target price on shares of NetEase from $360.00 to $340.00 and set a “buy” rating for the company in a research note on Thursday, November 16th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $339.89.
NetEase (NASDAQ:NTES) traded up $2.32 during trading on Thursday, hitting $324.40. 1,031,600 shares of the stock were exchanged, compared to its average volume of 1,343,445. The stock has a market capitalization of $42,550.00, a price-to-earnings ratio of 21.12, a P/E/G ratio of 1.54 and a beta of 0.94. NetEase has a one year low of $233.50 and a one year high of $377.64.
NetEase (NASDAQ:NTES) last issued its quarterly earnings data on Wednesday, November 15th. The technology company reported $2.86 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.66 by $0.20. NetEase had a net margin of 25.34% and a return on equity of 31.84%. equities research analysts forecast that NetEase will post 12.85 EPS for the current year.
NetEase announced that its Board of Directors has authorized a stock buyback plan on Wednesday, November 15th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the technology company to reacquire shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s leadership believes its shares are undervalued.
Several institutional investors and hedge funds have recently made changes to their positions in NTES. Ladenburg Thalmann Financial Services Inc. boosted its holdings in NetEase by 117.6% in the third 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 last quarter. PNC Financial Services Group Inc. boosted its holdings in NetEase by 22.4% in the second 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 last quarter. Mariner Wealth Advisors LLC purchased a new stake in NetEase in the second quarter worth approximately $203,000. Yorktown Management & Research Co Inc purchased a new stake in NetEase in the second quarter worth approximately $210,000. Finally, Raymond James Financial Services Advisors Inc. purchased a new stake in NetEase in the second quarter worth approximately $218,000. 50.34% of the stock is owned by institutional investors.
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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.
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