Today: Today, NetEase Inc. (NTES) Rating Reiterated by T.H. Capital

Today, NetEase Inc. (NTES) Rating Reiterated by T.H. Capital

NetEase Inc. (NASDAQ:NTES)‘s stock had its “buy” rating restated by investment analysts at T.H. Capital in a report released on Thursday. They presently have a $297.00 target price on the stock, up from their prior target price of $227.00. T.H. Capital’s price objective would suggest a potential upside of 13.63% from the company’s previous close.

NTES has been the topic of a number of other research reports. CICC Research raised NetEase to a “buy” rating and set a $345.00 price target on the stock in a research report on Wednesday, October 12th. Credit Suisse Group AG initiated coverage on NetEase in a research report on Friday, August 19th. They issued a “neutral” rating and a $230.00 target price on the stock. Credit Agricole SA raised NetEase from an “underperform” rating to an “outperform” rating and set a $272.00 target price on the stock in a research report on Monday, October 3rd. Vetr downgraded NetEase from a “hold” rating to a “sell” rating and set a $215.78 target price on the stock. in a research report on Monday, September 12th. Finally, Jefferies Group initiated coverage on NetEase in a research report on Thursday, September 29th. They issued a “hold” rating and a $245.00 target price on the stock. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $233.57.

NetEase (NASDAQ:NTES) opened at 261.37 on Thursday. The company’s 50 day moving average price is $238.21 and its 200 day moving average price is $188.30. NetEase has a 52-week low of $129.60 and a 52-week high of $272.58. The company has a market cap of $34.27 billion, a P/E ratio of 25.03 and a beta of 1.03.

NetEase (NASDAQ:NTES) last announced its quarterly earnings results on Wednesday, August 17th. The company reported $3.67 earnings per share for the quarter, topping analysts’ consensus estimates of $2.61 by $1.06. NetEase had a return on equity of 31.47% and a net margin of 29.34%. Equities research analysts anticipate that NetEase will post $12.55 EPS for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in NTES. MSI Financial Services Inc boosted its stake in NetEase by 401.0% in the third quarter. MSI Financial Services Inc now owns 3,467 shares of the company’s stock valued at $835,000 after buying an additional 2,775 shares during the last quarter. TB Alternative Assets Ltd. boosted its stake in NetEase by 834.2% in the third quarter. TB Alternative Assets Ltd. now owns 256,895 shares of the company’s stock valued at $61,855,000 after buying an additional 229,395 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake in NetEase by 46.8% in the third quarter. BNP Paribas Arbitrage SA now owns 291,604 shares of the company’s stock valued at $70,212,000 after buying an additional 92,977 shares during the last quarter. Eqis Capital Management Inc. boosted its stake in NetEase by 48.3% in the third quarter. Eqis Capital Management Inc. now owns 3,213 shares of the company’s stock valued at $774,000 after buying an additional 1,047 shares during the last quarter. Finally, Tobam acquired a new stake in NetEase during the second quarter valued at $5,944,000. Hedge funds and other institutional investors own 59.57% of the company’s stock.

NetEase Company Profile

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