NetEase (NASDAQ:NTES) was downgraded by stock analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a report issued on Wednesday.
Several other equities research analysts have also recently weighed in on the company. JPMorgan Chase assumed coverage on NetEase in a research note on Thursday, April 12th. They issued an “underweight” rating and a $240.00 price target on the stock. Jefferies Group cut their target price on NetEase from $335.00 to $310.00 and set a “hold” rating on the stock in a research note on Tuesday, April 10th. Deutsche Bank set a $347.00 target price on NetEase and gave the stock a “buy” rating in a research note on Thursday, April 5th. Zacks Investment Research cut NetEase from a “hold” rating to a “sell” rating in a research note on Saturday, March 31st. Finally, ValuEngine cut NetEase from a “hold” rating to a “sell” rating in a research note on Thursday, March 29th. Seven analysts have rated the stock with a sell rating, four have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $334.94.
Shares of NTES stock opened at $278.18 on Wednesday. The firm has a market capitalization of $36,062.25, a P/E ratio of 22.42, a PEG ratio of 1.72 and a beta of 0.87. NetEase has a twelve month low of $253.20 and a twelve month high of $377.64.
NetEase (NASDAQ:NTES) last issued its quarterly earnings results on Wednesday, February 7th. The technology company reported $1.49 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.52 by ($0.03). The firm had revenue of $2.25 billion during the quarter, compared to analysts’ expectations of $2.27 billion. NetEase had a return on equity of 24.93% and a net margin of 19.64%. analysts predict that NetEase will post 12 EPS for the current year.
Several large investors have recently made changes to their positions in NTES. Ladenburg Thalmann Financial Services Inc. lifted its holdings in shares of NetEase by 117.6% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 494 shares of the technology company’s stock valued at $131,000 after purchasing an additional 267 shares in the last quarter. Icon Wealth Partners LLC bought a new position in shares of NetEase during the fourth quarter valued at $176,000. We Are One Seven LLC bought a new position in shares of NetEase during the fourth quarter valued at $203,000. Cibc Bank USA bought a new position in shares of NetEase during the fourth quarter valued at $204,000. Finally, Mariner Wealth Advisors LLC bought a new position in shares of NetEase during the fourth quarter valued at $233,000. 51.26% of the stock is currently owned by hedge funds and other institutional investors.
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NetEase Company Profile
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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