NetEase (NASDAQ:NTES - Get Free Report) had its price target cut by investment analysts at HSBC from $130.00 to $126.00 in a research report issued on Wednesday, Benzinga reports. The brokerage presently has a "buy" rating on the technology company's stock. HSBC's price objective would suggest a potential upside of 34.01% from the company's current price.
Other research analysts also recently issued research reports about the stock. StockNews.com upgraded shares of NetEase from a "buy" rating to a "strong-buy" rating in a report on Tuesday, March 26th. Morgan Stanley decreased their price target on NetEase from $135.00 to $120.00 and set an "overweight" rating for the company in a research note on Friday, April 12th. Seven analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, NetEase has a consensus rating of "Buy" and an average price target of $126.00.
Check Out Our Latest Stock Report on NTES
NetEase Trading Up 1.0 %
NASDAQ NTES traded up $0.95 on Wednesday, reaching $94.02. The stock had a trading volume of 905,327 shares, compared to its average volume of 1,742,696. NetEase has a 1 year low of $80.79 and a 1 year high of $118.89. The business has a 50 day moving average price of $103.05 and a 200 day moving average price of $103.15. The company has a market capitalization of $60.62 billion, a price-to-earnings ratio of 14.86, a P/E/G ratio of 0.86 and a beta of 0.58.
NetEase (NASDAQ:NTES - Get Free Report) last announced its quarterly earnings results on Thursday, February 29th. The technology company reported $1.42 EPS for the quarter, missing the consensus estimate of $1.62 by ($0.20). The firm had revenue of $3.82 billion during the quarter, compared to the consensus estimate of $3.96 billion. NetEase had a net margin of 28.39% and a return on equity of 24.36%. On average, analysts anticipate that NetEase will post 7.04 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the business. Private Trust Co. NA increased its position in NetEase by 418.9% during the fourth quarter. Private Trust Co. NA now owns 275 shares of the technology company's stock worth $26,000 after acquiring an additional 222 shares during the period. Chilton Capital Management LLC acquired a new position in shares of NetEase in the fourth quarter valued at $37,000. USA Financial Formulas raised its stake in shares of NetEase by 1,153.1% in the 4th quarter. USA Financial Formulas now owns 401 shares of the technology company's stock valued at $37,000 after buying an additional 369 shares in the last quarter. Headlands Technologies LLC bought a new position in shares of NetEase during the 3rd quarter worth about $56,000. Finally, CVA Family Office LLC acquired a new stake in shares of NetEase during the 4th quarter valued at about $65,000. 11.07% of the stock is currently owned by institutional investors and hedge funds.
About NetEase
(
Get Free Report)
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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