NetEase, Inc. (NASDAQ:NTES)‘s stock had its “buy” rating restated by stock analysts at Deutsche Bank AG in a report issued on Tuesday, July 25th. They currently have a $343.00 target price on the technology company’s stock, up from their previous target price of $300.00. Deutsche Bank AG’s price target suggests a potential upside of 22.08% from the stock’s current price.
NTES has been the subject of several other research reports. Instinet reissued a “buy” rating and set a $307.00 price objective on shares of NetEase in a research note on Tuesday, May 9th. Jefferies Group LLC reissued a “buy” rating and set a $300.00 price objective on shares of NetEase in a research note on Wednesday, April 26th. Vetr raised NetEase from a “buy” rating to a “strong-buy” rating and set a $362.33 price objective for the company in a research note on Tuesday, May 30th. Nomura reaffirmed a “hold” rating and set a $297.00 price target (down previously from $305.00) on shares of NetEase in a research note on Thursday, May 11th. Finally, Benchmark Co. assumed coverage on NetEase in a research note on Tuesday, April 18th. They set a “buy” rating and a $325.00 price target for the company. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $301.90.
Shares of NetEase (NASDAQ:NTES) traded down 1.16% during trading on Tuesday, reaching $280.96. The company’s stock had a trading volume of 2,908,752 shares. NetEase has a 12-month low of $199.13 and a 12-month high of $337.55.
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Several large investors have recently added to or reduced their stakes in the stock. USA Financial Portformulas Corp raised its stake in NetEase by 308.1% in the fourth quarter. USA Financial Portformulas Corp now owns 29,359 shares of the technology company’s stock worth $6,322,000 after buying an additional 22,165 shares during the period. Cim LLC raised its stake in NetEase by 2.2% in the first quarter. Cim LLC now owns 3,601 shares of the technology company’s stock worth $1,023,000 after buying an additional 79 shares during the period. Fisher Asset Management LLC bought a new stake in NetEase during the first quarter worth $98,415,000. Wetherby Asset Management Inc. raised its stake in NetEase by 37.6% in the first quarter. Wetherby Asset Management Inc. now owns 1,380 shares of the technology company’s stock worth $392,000 after buying an additional 377 shares during the period. Finally, UBS Asset Management Americas Inc. raised its stake in NetEase by 9.8% in the fourth quarter. UBS Asset Management Americas Inc. now owns 833,766 shares of the technology company’s stock worth $179,544,000 after buying an additional 74,585 shares during the period. 55.53% of the stock is owned by institutional investors.
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.
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