NetEase, Inc. (NASDAQ:NTES) has been given an average rating of “Hold” by the nineteen research firms that are currently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $293.39.

Several equities research analysts recently weighed in on NTES shares. BidaskClub raised shares of NetEase from a “hold” rating to a “buy” rating in a research report on Thursday, August 10th. Vetr downgraded shares of NetEase from a “strong-buy” rating to a “buy” rating and set a $327.04 target price for the company. in a research report on Monday, September 18th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $343.00 target price (up previously from $300.00) on shares of NetEase in a research report on Tuesday, July 25th. ValuEngine raised shares of NetEase from a “hold” rating to a “buy” rating in a research report on Friday. Finally, Barclays PLC assumed coverage on shares of NetEase in a research report on Wednesday, October 4th. They issued an “equal weight” rating and a $260.00 target price for the company.

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Shares of NetEase (NASDAQ:NTES) traded down $9.99 on Friday, hitting $302.87. 1,956,393 shares of the company traded hands, compared to its average volume of 1,248,937. The company has a market capitalization of $40,630.00, a P/E ratio of 20.58, a P/E/G ratio of 1.33 and a beta of 0.93. NetEase has a 12 month low of $211.11 and a 12 month high of $337.55.

Several institutional investors have recently modified their holdings of the company. Zeke Capital Advisors LLC purchased a new position in shares of NetEase during the 3rd quarter worth $339,000. BKS Advisors LLC boosted its stake in shares of NetEase by 6.7% during the 3rd quarter. BKS Advisors LLC now owns 35,510 shares of the technology company’s stock worth $9,368,000 after acquiring an additional 2,220 shares during the last quarter. Axiom International Investors LLC DE boosted its stake in shares of NetEase by 76.5% during the 3rd quarter. Axiom International Investors LLC DE now owns 6,779 shares of the technology company’s stock worth $1,788,000 after acquiring an additional 2,938 shares during the last quarter. Virginia Retirement Systems ET AL boosted its stake in shares of NetEase by 4.7% during the 3rd quarter. Virginia Retirement Systems ET AL now owns 11,100 shares of the technology company’s stock worth $2,928,000 after acquiring an additional 500 shares during the last quarter. Finally, Legal & General Group Plc boosted its stake in shares of NetEase by 44.3% during the 3rd quarter. Legal & General Group Plc now owns 251,361 shares of the technology company’s stock worth $66,312,000 after acquiring an additional 77,156 shares during the last quarter. Institutional investors and hedge funds own 50.45% of the company’s stock.

NetEase Company Profile

NetEase, Inc (NetEase) is a technology company. The Company operates an interactive online community in China and is a provider of Chinese language content and services through its online games, Internet media, e-mail, e-commerce and other businesses. The Company operates through three segments: Online Game Services; Advertising Services, and E-mail, E-commerce and Others.

Analyst Recommendations for NetEase (NASDAQ:NTES)

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