NetEase, Inc. (NASDAQ:NTES) – Investment analysts at Jefferies Group cut their Q3 2017 EPS estimates for shares of NetEase in a research report issued on Thursday. Jefferies Group analyst K. Chan now anticipates that the technology company will earn $3.95 per share for the quarter, down from their prior estimate of $4.03. Jefferies Group currently has a “Buy” rating and a $330.00 price target on the stock. Jefferies Group also issued estimates for NetEase’s Q4 2017 earnings at $4.13 EPS.
Other equities research analysts also recently issued reports about the stock. Zacks Investment Research downgraded shares of NetEase from a “buy” rating to a “hold” rating in a research report on Tuesday. BidaskClub upgraded shares of NetEase from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 9th. Vetr downgraded shares of NetEase from a “strong-buy” rating to a “buy” rating and set a $318.49 price objective for the company. in a research report on Monday, May 22nd. Standpoint Research downgraded shares of NetEase from a “buy” rating to a “reduce” rating and raised their price objective for the stock from $345.00 to $360.00 in a research report on Wednesday, June 7th. Finally, Deutsche Bank AG restated a “buy” rating and set a $343.00 price objective (up from $300.00) on shares of NetEase in a research report on Tuesday, July 25th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $298.02.
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NetEase (NASDAQ NTES) opened at 309.22 on Monday. The firm has a market cap of $40.67 billion, a PE ratio of 21.16 and a beta of 0.92. The firm has a 50-day moving average price of $308.65 and a 200 day moving average price of $285.85. NetEase has a 12-month low of $197.65 and a 12-month high of $337.55.
Several large investors have recently added to or reduced their stakes in NTES. Teachers Advisors LLC increased its stake in NetEase by 6.5% in the fourth quarter. Teachers Advisors LLC now owns 32,783 shares of the technology company’s stock worth $7,059,000 after buying an additional 2,000 shares during the last quarter. Macquarie Group Ltd. increased its stake in NetEase by 1.3% in the fourth quarter. Macquarie Group Ltd. now owns 7,108 shares of the technology company’s stock worth $1,530,000 after buying an additional 93 shares during the last quarter. Gulf International Bank UK Ltd increased its stake in NetEase by 2.2% in the first quarter. Gulf International Bank UK Ltd now owns 19,000 shares of the technology company’s stock worth $5,396,000 after buying an additional 400 shares during the last quarter. Bank of Montreal Can increased its stake in NetEase by 35.3% in the first quarter. Bank of Montreal Can now owns 118,811 shares of the technology company’s stock worth $33,742,000 after buying an additional 30,992 shares during the last quarter. Finally, Daiwa SB Investments Ltd. acquired a new stake in NetEase during the first quarter worth $767,000. Institutional investors own 55.53% of the company’s stock.
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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