NetEase (NASDAQ:NTES - Get Free Report) was downgraded by analysts at JPMorgan Chase & Co. from an "overweight" rating to a "neutral" rating in a note issued to investors on Monday,Finviz reports. They currently have a $140.00 target price on the technology company's stock. JPMorgan Chase & Co.'s target price would indicate a potential upside of 3.34% from the company's current price.
Several other research analysts have also recently issued reports on NTES. Barclays upped their target price on shares of NetEase from $104.00 to $118.00 and gave the company an "equal weight" rating in a report on Friday, May 16th. Deutsche Bank Aktiengesellschaft started coverage on shares of NetEase in a report on Monday, May 12th. They issued a "buy" rating and a $130.00 price target for the company. Finally, Wall Street Zen raised shares of NetEase from a "buy" rating to a "strong-buy" rating in a research note on Thursday, May 22nd. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, NetEase has a consensus rating of "Moderate Buy" and a consensus price target of $120.00.
Check Out Our Latest Report on NetEase
NetEase Stock Down 0.6%
NASDAQ NTES opened at $135.48 on Monday. NetEase has a 52 week low of $75.85 and a 52 week high of $141.45. The stock has a market capitalization of $85.84 billion, a PE ratio of 19.49, a price-to-earnings-growth ratio of 4.70 and a beta of 0.69. The firm has a 50 day moving average of $129.76 and a two-hundred day moving average of $111.83.
Institutional Trading of NetEase
A number of hedge funds have recently bought and sold shares of NTES. Venturi Wealth Management LLC increased its holdings in NetEase by 3.5% in the second quarter. Venturi Wealth Management LLC now owns 2,527 shares of the technology company's stock worth $340,000 after buying an additional 86 shares during the last quarter. Checchi Capital Advisers LLC grew its holdings in NetEase by 4.6% during the second quarter. Checchi Capital Advisers LLC now owns 2,347 shares of the technology company's stock valued at $316,000 after purchasing an additional 103 shares during the last quarter. Brighton Jones LLC grew its holdings in NetEase by 1.1% during the fourth quarter. Brighton Jones LLC now owns 10,297 shares of the technology company's stock valued at $919,000 after purchasing an additional 117 shares during the last quarter. Concurrent Investment Advisors LLC grew its holdings in NetEase by 5.4% during the first quarter. Concurrent Investment Advisors LLC now owns 2,569 shares of the technology company's stock valued at $264,000 after purchasing an additional 132 shares during the last quarter. Finally, Fifth Third Bancorp grew its holdings in NetEase by 2.7% during the first quarter. Fifth Third Bancorp now owns 5,264 shares of the technology company's stock valued at $542,000 after purchasing an additional 138 shares during the last quarter. 11.07% of the stock is owned by hedge funds and other institutional investors.
NetEase Company Profile
(
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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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