Brokers Set Expectations for NetEase, Inc.’s Q3 2017 Earnings (NASDAQ:NTES)

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.

ILLEGAL ACTIVITY NOTICE: “Brokers Set Expectations for NetEase, Inc.’s Q3 2017 Earnings (NASDAQ:NTES)” was first posted by BNB Daily and is owned by of BNB Daily. If you are reading this piece of content on another publication, it was illegally stolen and reposted in violation of US and international copyright and trademark legislation. The original version of this piece of content can be viewed at https://www.baseball-news-blog.com/2017/08/19/brokers-set-expectations-for-netease-inc-s-q3-2017-earnings-nasdaqntes-updated.html.

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.

Earnings History and Estimates for NetEase (NASDAQ:NTES)

Receive News & Ratings for NetEase Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NetEase Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply