NetEase, Inc. (NASDAQ:NTES) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of NetEase, Inc. (NASDAQ:NTES) have been assigned an average recommendation of “Moderate Buy” from the seven analysts that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $110.00.

A number of research analysts have weighed in on the stock. Morgan Stanley boosted their price objective on shares of NetEase from $108.00 to $117.00 and gave the company an “overweight” rating in a research report on Wednesday. StockNews.com downgraded shares of NetEase from a “strong-buy” rating to a “buy” rating in a report on Friday, December 6th. Bank of America raised their price objective on shares of NetEase from $120.00 to $122.00 and gave the stock a “buy” rating in a research note on Wednesday, January 15th. Benchmark cut their target price on NetEase from $120.00 to $105.00 and set a “buy” rating on the stock in a research note on Friday, November 15th. Finally, Citigroup increased their price target on NetEase from $108.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, November 15th.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Resolute Advisors LLC grew its position in shares of NetEase by 26.4% during the 4th quarter. Resolute Advisors LLC now owns 5,833 shares of the technology company’s stock worth $520,000 after buying an additional 1,218 shares in the last quarter. Pitcairn Co. lifted its stake in NetEase by 62.3% in the fourth quarter. Pitcairn Co. now owns 8,026 shares of the technology company’s stock worth $716,000 after acquiring an additional 3,082 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in NetEase by 6.1% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,766,327 shares of the technology company’s stock worth $157,574,000 after acquiring an additional 100,922 shares in the last quarter. Geode Capital Management LLC increased its position in NetEase by 2.8% during the 4th quarter. Geode Capital Management LLC now owns 107,306 shares of the technology company’s stock valued at $9,573,000 after purchasing an additional 2,873 shares during the period. Finally, National Bank of Canada FI bought a new stake in shares of NetEase in the 4th quarter valued at about $49,710,000. 11.07% of the stock is currently owned by hedge funds and other institutional investors.

NetEase Stock Performance

NASDAQ NTES opened at $109.14 on Thursday. The business’s 50 day moving average price is $96.25 and its 200-day moving average price is $88.97. NetEase has a fifty-two week low of $75.85 and a fifty-two week high of $114.50. The company has a market cap of $70.09 billion, a P/E ratio of 18.44, a P/E/G ratio of 3.45 and a beta of 0.58.

About NetEase

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.