Deutsche Bank Aktiengesellschaft Begins Coverage on NetEase (NASDAQ:NTES)

Deutsche Bank Aktiengesellschaft assumed coverage on shares of NetEase (NASDAQ:NTES - Get Free Report) in a report released on Monday,Briefing.com Automated Import reports. The brokerage set a "buy" rating and a $130.00 price target on the technology company's stock. Deutsche Bank Aktiengesellschaft's price target would suggest a potential upside of 21.71% from the company's previous close.

Several other equities analysts also recently weighed in on NTES. Barclays lifted their target price on shares of NetEase from $82.00 to $104.00 and gave the stock an "equal weight" rating in a research note on Monday, February 24th. Benchmark boosted their price objective on NetEase from $105.00 to $115.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Morgan Stanley raised their target price on shares of NetEase from $108.00 to $117.00 and gave the company an "overweight" rating in a research note on Wednesday, February 12th. Finally, Bank of America increased their price target on shares of NetEase from $120.00 to $122.00 and gave the stock a "buy" rating in a report on Wednesday, January 15th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $115.14.

NetEase Stock Performance

Shares of NASDAQ:NTES traded up $3.38 during midday trading on Monday, reaching $106.82. The company's stock had a trading volume of 580,525 shares, compared to its average volume of 1,595,863. NetEase has a fifty-two week low of $75.85 and a fifty-two week high of $110.66. The firm has a 50 day moving average price of $101.70 and a two-hundred day moving average price of $96.22. The firm has a market capitalization of $67.68 billion, a price-to-earnings ratio of 16.77, a PEG ratio of 3.37 and a beta of 0.66.

NetEase (NASDAQ:NTES - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The technology company reported $1.87 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.73 by $0.14. NetEase had a return on equity of 22.12% and a net margin of 28.17%. The business had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $27.16 billion. As a group, research analysts anticipate that NetEase will post 6.91 earnings per share for the current year.

Institutional Investors Weigh In On NetEase

A number of institutional investors have recently made changes to their positions in the business. Mather Group LLC. grew its stake in shares of NetEase by 1,415.0% during the first quarter. Mather Group LLC. now owns 303 shares of the technology company's stock valued at $31,000 after buying an additional 283 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in NetEase by 81.7% during the 4th quarter. Farther Finance Advisors LLC now owns 338 shares of the technology company's stock valued at $30,000 after acquiring an additional 152 shares during the period. Brooklyn Investment Group bought a new position in NetEase during the 4th quarter worth approximately $34,000. UMB Bank n.a. increased its stake in NetEase by 33.3% in the 4th quarter. UMB Bank n.a. now owns 444 shares of the technology company's stock worth $40,000 after purchasing an additional 111 shares during the period. Finally, TD Private Client Wealth LLC bought a new stake in NetEase in the first quarter valued at approximately $65,000. Hedge funds and other 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.

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