NetEase (NASDAQ:NTES – Get Rating) was downgraded by research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Tuesday.
Several other analysts also recently issued reports on NTES. Morgan Stanley increased their price target on NetEase from $85.00 to $95.00 in a report on Wednesday, December 14th. Citigroup increased their target price on NetEase from $100.00 to $115.00 and gave the company a “buy” rating in a research note on Monday, February 27th. JPMorgan Chase & Co. raised NetEase from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $85.00 to $100.00 in a research report on Tuesday, February 28th. Finally, TheStreet upgraded NetEase from a “c+” rating to a “b-” rating in a report on Wednesday, January 18th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $108.80.
NetEase Stock Performance
Shares of NASDAQ:NTES opened at $89.02 on Tuesday. The business has a 50-day moving average of $86.50 and a two-hundred day moving average of $77.57. The firm has a market capitalization of $58.29 billion, a PE ratio of 19.56 and a beta of 0.50. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.32 and a quick ratio of 2.30. NetEase has a 12 month low of $53.09 and a 12 month high of $108.77.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of NTES. UBS Asset Management Americas Inc. raised its position in shares of NetEase by 5.3% in the 3rd quarter. UBS Asset Management Americas Inc. now owns 8,784,849 shares of the technology company’s stock valued at $664,135,000 after purchasing an additional 441,250 shares in the last quarter. Morgan Stanley raised its holdings in NetEase by 3.1% in the fourth quarter. Morgan Stanley now owns 3,333,468 shares of the technology company’s stock valued at $242,110,000 after acquiring an additional 98,751 shares in the last quarter. Greenwoods Asset Management Hong Kong Ltd. boosted its stake in NetEase by 16.5% during the 3rd quarter. Greenwoods Asset Management Hong Kong Ltd. now owns 2,561,839 shares of the technology company’s stock valued at $193,675,000 after acquiring an additional 362,619 shares during the last quarter. Alkeon Capital Management LLC grew its holdings in NetEase by 12.6% during the 4th quarter. Alkeon Capital Management LLC now owns 2,091,754 shares of the technology company’s stock worth $151,924,000 after acquiring an additional 233,489 shares in the last quarter. Finally, Wellington Management Group LLP increased its position in shares of NetEase by 13.7% in the 1st quarter. Wellington Management Group LLP now owns 1,580,905 shares of the technology company’s stock worth $141,792,000 after purchasing an additional 191,068 shares during the last quarter. Hedge funds and other institutional investors own 13.50% of the company’s stock.
NetEase Company Profile
NetEase, Inc is an internet technology company, which engages in the provision of premium online services centered around content, community, communication and commerce. It develops and operates some of the most popular PC-client and mobile games in China. The firm also operates some of the most popular international online games in China by partnering with Blizzard Entertainment, Mojang AB (a Microsoft subsidiary) and other global game developers.
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