NetEase's (NTES) "Hold (C)" Rating Reiterated at Weiss Ratings

Key Points

• NetEase's stock has been rated as "hold (c)" by Weiss Ratings, while other analysts have given mixed assessments, with one raising its target price significantly from $138.00 to $190.00.
• The consensus rating for NetEase is currently "Moderate Buy," with about 11.07% of its shares owned by institutional investors and hedge funds.
• As of now, NetEase's stock is trading at $146.71, with a 52-week range of $75.88 to $159.55.

NetEase (NASDAQ:NTES - Get Free Report)'s stock had its "hold (c)" rating restated by equities researchers at Weiss Ratings in a report issued on Saturday,Weiss Ratings reports.

Several other equities analysts have also weighed in on NTES. JPMorgan Chase & Co. upgraded shares of NetEase from a "neutral" rating to an "overweight" rating and increased their price objective for the company from $138.00 to $190.00 in a report on Friday, October 10th. Zacks Research downgraded shares of NetEase from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 15th. Morgan Stanley reaffirmed an "overweight" rating and issued a $170.00 target price on shares of NetEase in a research note on Wednesday, October 8th. Arete raised shares of NetEase from a "sell" rating to a "buy" rating and set a $150.00 target price for the company in a research note on Wednesday, September 3rd. Finally, The Goldman Sachs Group set a $161.00 target price on shares of NetEase and gave the company a "buy" rating in a research note on Monday, September 15th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $142.30.

NetEase Price Performance

Shares of NASDAQ NTES opened at $146.71 on Friday. The company's 50 day simple moving average is $145.41 and its 200 day simple moving average is $130.13. NetEase has a fifty-two week low of $75.88 and a fifty-two week high of $159.55. The firm has a market capitalization of $92.95 billion, a P/E ratio of 19.85, a P/E/G ratio of 1.94 and a beta of 0.67.

Institutional Investors Weigh In On NetEase

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Ninety One UK Ltd raised its holdings in shares of NetEase by 0.5% during the third quarter. Ninety One UK Ltd now owns 6,296,150 shares of the technology company's stock worth $956,952,000 after acquiring an additional 28,381 shares during the period. Dodge & Cox raised its holdings in shares of NetEase by 5.8% during the first quarter. Dodge & Cox now owns 2,803,664 shares of the technology company's stock worth $288,553,000 after acquiring an additional 153,788 shares during the period. Hhlr Advisors LTD. raised its holdings in shares of NetEase by 3.1% during the first quarter. Hhlr Advisors LTD. now owns 2,668,697 shares of the technology company's stock worth $274,662,000 after acquiring an additional 79,754 shares during the period. Wellington Management Group LLP grew its position in NetEase by 111.7% in the first quarter. Wellington Management Group LLP now owns 1,988,541 shares of the technology company's stock valued at $204,661,000 after purchasing an additional 1,049,023 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in NetEase by 54.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,977,835 shares of the technology company's stock valued at $203,560,000 after purchasing an additional 697,192 shares in the last quarter. 11.07% of the stock is currently owned by institutional investors and hedge funds.

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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