NetEase (NASDAQ:NTES) – Equities researchers at Jefferies Group reduced their FY2018 earnings estimates for shares of NetEase in a research note issued on Tuesday, April 10th, Zacks Investment Research reports. Jefferies Group analyst K. Chan now expects that the technology company will post earnings of $10.04 per share for the year, down from their previous estimate of $11.45. Jefferies Group has a “Hold” rating and a $310.00 price objective on the stock. Jefferies Group also issued estimates for NetEase’s FY2019 earnings at $11.18 EPS and FY2020 earnings at $12.27 EPS.
A number of other equities analysts have also issued reports on NTES. BidaskClub lowered NetEase from a “sell” rating to a “strong sell” rating in a research report on Wednesday. Deutsche Bank set a $347.00 price target on NetEase and gave the company a “buy” rating in a report on Thursday, April 5th. ValuEngine downgraded NetEase from a “hold” rating to a “sell” rating in a report on Thursday, March 29th. Zacks Investment Research upgraded NetEase from a “sell” rating to a “hold” rating in a report on Thursday, March 8th. Finally, Sanford C. Bernstein set a $285.00 price target on NetEase and gave the company a “sell” rating in a report on Tuesday, February 27th. Seven investment analysts have rated the stock with a sell rating, four have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $334.94.
NetEase (NASDAQ:NTES) last released its quarterly earnings results on Wednesday, February 7th. The technology company reported $1.49 EPS for the quarter, missing the consensus estimate of $1.52 by ($0.03). The company had revenue of $2.25 billion for the quarter, compared to analyst estimates of $2.27 billion. NetEase had a return on equity of 24.93% and a net margin of 19.64%.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Janney Montgomery Scott LLC grew its stake in NetEase by 2.5% during the 3rd quarter. Janney Montgomery Scott LLC now owns 7,021 shares of the technology company’s stock worth $1,852,000 after buying an additional 170 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its stake in shares of NetEase by 1.9% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 10,215 shares of the technology company’s stock worth $3,493,000 after purchasing an additional 189 shares in the last quarter. Cetera Advisor Networks LLC grew its stake in shares of NetEase by 18.0% in the third quarter. Cetera Advisor Networks LLC now owns 1,556 shares of the technology company’s stock worth $411,000 after purchasing an additional 237 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. grew its stake in shares of NetEase by 117.6% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 494 shares of the technology company’s stock worth $131,000 after purchasing an additional 267 shares in the last quarter. Finally, Pillar Pacific Capital Management LLC grew its stake in shares of NetEase by 2.2% in the fourth quarter. Pillar Pacific Capital Management LLC now owns 17,542 shares of the technology company’s stock worth $6,053,000 after purchasing an additional 383 shares in the last quarter. Hedge funds and other institutional investors own 51.26% of the company’s stock.
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NetEase Company Profile
NetEase, Inc operates an interactive online community in the People's Republic of China. The company operates through Online Game Services; Advertising Services; and E-mail, E-commerce and Others segments. It offers PC-client massively multi-player online role-playing games and mobile games; and distributes its point cards to gamers.
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