Traders bought shares of NetEase Inc (NASDAQ:NTES) on weakness during trading on Tuesday. $100.52 million flowed into the stock on the tick-up and $79.21 million flowed out of the stock on the tick-down, for a money net flow of $21.31 million into the stock. Of all companies tracked, NetEase had the 30th highest net in-flow for the day. NetEase traded down ($5.72) for the day and closed at $339.05

NTES has been the topic of several research analyst reports. Deutsche Bank set a $325.00 price target on NetEase and gave the stock a “buy” rating in a research note on Friday, October 6th. ValuEngine upgraded NetEase from a “hold” rating to a “buy” rating in a research report on Friday, November 10th. Vetr upgraded NetEase from a “hold” rating to a “buy” rating and set a $363.82 price objective for the company in a research report on Monday, January 1st. Barclays started coverage on NetEase in a research report on Wednesday, October 4th. They set an “equal weight” rating and a $260.00 price objective for the company. Finally, Zacks Investment Research upgraded NetEase from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 11th. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. NetEase has a consensus rating of “Hold” and a consensus price target of $330.56.

The stock has a market cap of $44,240.00, a price-to-earnings ratio of 22.12, a price-to-earnings-growth ratio of 1.61 and a beta of 0.94.

NetEase declared that its Board of Directors has authorized a stock buyback plan on Wednesday, November 15th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the technology company to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its stock is undervalued.

A number of institutional investors and hedge funds have recently modified their holdings of NTES. Pacer Advisors Inc. acquired a new position in NetEase in the 2nd quarter valued at $299,000. Wells Fargo & Company MN grew its stake in shares of NetEase by 0.4% during the 2nd quarter. Wells Fargo & Company MN now owns 197,950 shares of the technology company’s stock valued at $59,509,000 after buying an additional 777 shares during the period. AXA grew its stake in shares of NetEase by 3,726.4% during the 2nd quarter. AXA now owns 30,611 shares of the technology company’s stock valued at $9,203,000 after buying an additional 29,811 shares during the period. Baillie Gifford & Co. grew its stake in shares of NetEase by 78.2% during the 2nd quarter. Baillie Gifford & Co. now owns 3,307 shares of the technology company’s stock valued at $994,000 after buying an additional 1,451 shares during the period. Finally, Financial Counselors Inc. grew its stake in shares of NetEase by 1.7% during the 2nd quarter. Financial Counselors Inc. now owns 1,211 shares of the technology company’s stock valued at $364,000 after buying an additional 20 shares during the period. Institutional investors own 50.42% of the company’s stock.

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About NetEase

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.

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