NetEase (NASDAQ:NTES) had its price target lowered by equities researchers at Nomura from $386.00 to $352.00 in a research note issued to investors on Friday. The brokerage presently has a “buy” rating on the technology company’s stock. Nomura’s price target would suggest a potential upside of 56.67% from the company’s current price.

Other analysts also recently issued reports about the stock. Macquarie downgraded shares of NetEase from an “outperform” rating to a “neutral” rating in a report on Thursday. JPMorgan Chase & Co. decreased their price objective on shares of NetEase from $290.00 to $265.00 and set an “overweight” rating for the company in a report on Friday. Deutsche Bank set a $301.00 price objective on shares of NetEase and gave the stock a “buy” rating in a report on Friday, May 18th. ValuEngine downgraded shares of NetEase from a “hold” rating to a “sell” rating in a report on Thursday, May 17th. Finally, Daiwa Capital Markets raised shares of NetEase from a “neutral” rating to a “buy” rating in a report on Thursday, May 17th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $325.62.

Shares of NetEase traded down $0.55, hitting $224.67, during trading hours on Friday, according to Marketbeat Ratings. 1,812,540 shares of the stock were exchanged, compared to its average volume of 756,761. The company has a market cap of $29.58 billion, a P/E ratio of 29.25, a P/E/G ratio of 1.96 and a beta of 0.83. NetEase has a one year low of $218.22 and a one year high of $377.64.

NetEase (NASDAQ:NTES) last posted its quarterly earnings data on Wednesday, May 16th. The technology company reported $0.91 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.99 by ($1.08). The firm had revenue of $2.26 billion for the quarter, compared to the consensus estimate of $2.27 billion. NetEase had a return on equity of 14.38% and a net margin of 11.49%. sell-side analysts anticipate that NetEase will post 6.92 earnings per share for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in NTES. Banco de Sabadell S.A acquired a new position in NetEase during the 1st quarter valued at $100,000. Northwestern Mutual Wealth Management Co. raised its stake in NetEase by 96.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 462 shares of the technology company’s stock valued at $117,000 after purchasing an additional 227 shares during the last quarter. Verition Fund Management LLC acquired a new position in NetEase during the 1st quarter valued at $279,000. HRT Financial LLC acquired a new position in NetEase during the 1st quarter valued at $291,000. Finally, Pinnacle Associates Ltd. acquired a new position in NetEase during the 1st quarter valued at $362,000. Hedge funds and other institutional investors own 45.86% of the company’s stock.

About NetEase

NetEase, Inc operates an interactive online community in the People's Republic of China. The company operates through Online Game Services; E-Commerce; Advertising Services; and Email and Others segments. It offers various games in a range of genres through mobile devices and PCs, including role playing games, MMORPGs, battle arena games, simulation games, collectible card games, first-person shooter games, sandbox games, and other types of games to the Chinese market.

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Analyst Recommendations for NetEase (NASDAQ:NTES)

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