NetEase (NTES) Downgraded by ValuEngine

NetEase (NASDAQ:NTES) was downgraded by stock analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued on Saturday.

Several other brokerages have also recently issued reports on NTES. Zacks Investment Research raised shares of NetEase from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 17th. Vetr raised shares of NetEase from a “buy” rating to a “strong-buy” rating and set a $375.44 price target on the stock in a research report on Wednesday, January 10th. Deutsche Bank set a $380.00 price target on shares of NetEase and gave the stock a “buy” rating in a research report on Tuesday, January 2nd. Goldman Sachs reissued a “buy” rating and set a $432.00 price target (up previously from $340.00) on shares of NetEase in a research report on Thursday, January 18th. They noted that the move was a valuation call. Finally, BidaskClub cut shares of NetEase from a “hold” rating to a “sell” rating in a research report on Tuesday, March 27th. Six research analysts have rated the stock with a sell rating, five have issued a hold rating, seven have given 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 $334.94.

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NASDAQ NTES opened at $266.30 on Friday. NetEase has a 12 month low of $253.20 and a 12 month high of $377.64. The stock has a market capitalization of $36,621.04, a price-to-earnings ratio of 21.46, a P/E/G ratio of 1.75 and a beta of 0.87.

NetEase (NASDAQ:NTES) last posted its earnings results on Wednesday, February 7th. The technology company reported $1.49 EPS for the quarter, missing the Zacks’ consensus estimate of $1.52 by ($0.03). NetEase had a net margin of 19.64% and a return on equity of 24.93%. The company had revenue of $2.25 billion during the quarter, compared to analyst estimates of $2.27 billion. equities research analysts forecast that NetEase will post 12 EPS for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in NTES. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of NetEase by 117.6% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 494 shares of the technology company’s stock worth $131,000 after buying an additional 267 shares during the period. Icon Wealth Partners LLC purchased a new stake in shares of NetEase during the fourth quarter worth approximately $176,000. We Are One Seven LLC purchased a new stake in shares of NetEase during the fourth quarter worth approximately $203,000. Cibc Bank USA purchased a new stake in shares of NetEase during the fourth quarter worth approximately $204,000. Finally, Mariner Wealth Advisors LLC purchased a new stake in shares of NetEase during the fourth quarter worth approximately $233,000. Hedge funds and other institutional investors own 51.26% of the company’s stock.

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About NetEase

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for NetEase (NASDAQ:NTES)

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