NetEase (NASDAQ:NTES) was downgraded by equities research analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday, February 4th.
A number of other equities research analysts have also recently weighed in on the company. Morgan Stanley cut NetEase from an “overweight” rating to an “equal weight” rating and set a $222.49 price objective for the company. in a research note on Sunday, December 9th. Barclays raised NetEase from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $270.00 to $300.00 in a research note on Monday, January 14th. UBS Group raised NetEase from a “neutral” rating to a “buy” rating in a research note on Wednesday, December 19th. Macquarie raised NetEase from a “neutral” rating to an “outperform” rating in a research note on Friday, January 4th. Finally, Zacks Investment Research cut NetEase from a “hold” rating to a “sell” rating in a research note on Wednesday, October 24th. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $271.39.
NASDAQ NTES opened at $217.38 on Monday. NetEase has a 1-year low of $184.60 and a 1-year high of $329.00. The company has a market capitalization of $28.55 billion, a PE ratio of 31.64, a PEG ratio of 1.27 and a beta of 0.74.
NetEase (NASDAQ:NTES) last announced its quarterly earnings data on Wednesday, February 20th. The technology company reported $1.92 EPS for the quarter, topping the Zacks’ consensus estimate of $1.51 by $0.41. NetEase had a return on equity of 13.56% and a net margin of 9.12%. The firm had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $2.91 billion. During the same quarter last year, the business posted $2.18 earnings per share. As a group, sell-side analysts expect that NetEase will post 7.74 EPS for the current year.
Institutional investors have recently bought and sold shares of the company. Lindbrook Capital LLC purchased a new stake in NetEase during the 4th quarter valued at approximately $31,000. Lavaca Capital LLC purchased a new stake in NetEase during the 4th quarter valued at approximately $62,000. Atlas Capital Advisors LLC acquired a new position in NetEase during the 4th quarter worth approximately $64,000. Tower Research Capital LLC TRC acquired a new position in NetEase during the 2nd quarter worth approximately $108,000. Finally, Quadrant Capital Group LLC increased its position in NetEase by 775.9% during the 4th quarter. Quadrant Capital Group LLC now owns 508 shares of the technology company’s stock worth $116,000 after purchasing an additional 450 shares during the period. 45.27% of the stock is owned by institutional investors and hedge funds.
NetEase Company Profile
NetEase, Inc operates an interactive online community in the People's Republic of China. The company operates through Online Game Services; E-Commerce; Advertising Services; and Email and Others segments. It offers various games in a range of genres through mobile devices and PCs, including role playing games, MMORPGs, battle arena games, simulation games, collectible card games, first-person shooter games, sandbox games, and other types of games to the Chinese market.
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To view ValuEngine’s full report, visit ValuEngine’s official website.
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