NetEase (NASDAQ:NTES) Stock Rating Upgraded by StockNews.com

NetEase (NASDAQ:NTES) was upgraded by stock analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Wednesday.

Other equities analysts also recently issued research reports about the stock. Morgan Stanley decreased their price objective on shares of NetEase from $135.00 to $120.00 and set an “overweight” rating for the company in a report on Friday, April 12th. HSBC cut their price target on shares of NetEase from $130.00 to $126.00 and set a “buy” rating for the company in a report on Wednesday, April 24th. Seven research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $126.00.

NetEase Stock Performance

Shares of NASDAQ:NTES opened at $98.49 on Wednesday. The company has a market cap of $63.50 billion, a P/E ratio of 15.56, a PEG ratio of 0.94 and a beta of 0.58. NetEase has a one year low of $80.79 and a one year high of $118.89. The business’s 50-day simple moving average is $100.45 and its 200 day simple moving average is $102.55.

NetEase (NASDAQ:NTES) last issued its quarterly earnings data on Thursday, February 29th. The technology company reported $1.42 EPS for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.20). NetEase had a return on equity of 24.36% and a net margin of 28.39%. The firm had revenue of $3.82 billion during the quarter, compared to analyst estimates of $3.96 billion. Analysts predict that NetEase will post 7.04 earnings per share for the current year.

Institutional Investors Weigh In On NetEase

Several institutional investors and hedge funds have recently bought and sold shares of NTES. Financial Counselors Inc. increased its stake in shares of NetEase by 4.1% in the fourth quarter. Financial Counselors Inc. now owns 3,195 shares of the technology company’s stock valued at $298,000 after buying an additional 125 shares in the last quarter. Mendota Financial Group LLC increased its position in NetEase by 9.2% in the first quarter. Mendota Financial Group LLC now owns 1,508 shares of the technology company’s stock worth $156,000 after purchasing an additional 127 shares during the period. Lindbrook Capital LLC raised its holdings in NetEase by 14.0% during the 4th quarter. Lindbrook Capital LLC now owns 1,043 shares of the technology company’s stock worth $97,000 after purchasing an additional 128 shares during the last quarter. Sequoia Financial Advisors LLC lifted its position in NetEase by 5.8% during the 4th quarter. Sequoia Financial Advisors LLC now owns 2,588 shares of the technology company’s stock valued at $241,000 after purchasing an additional 143 shares during the period. Finally, Huntington National Bank grew its position in shares of NetEase by 31.4% during the 3rd quarter. Huntington National Bank now owns 678 shares of the technology company’s stock worth $68,000 after buying an additional 162 shares during the period. Institutional investors own 11.07% of the company’s stock.

NetEase Company Profile

NetEase, Inc engages in online games, music streaming, online intelligent learning services, and internet content services businesses in China and internationally . The company operates through Games and Related Value-Added Services, Youdao, Cloud Music, and Innovative Businesses and Others segments.