Deutsche Bank AG set a $325.00 price objective on NetEase, Inc. (NASDAQ:NTES) in a research note released on Friday. The firm currently has a buy rating on the technology company’s stock.

A number of other research firms have also recently issued reports on NTES. Vetr cut NetEase from a strong-buy rating to a buy rating and set a $327.04 target price on the stock. in a research report on Monday, September 18th. Barclays PLC started coverage on NetEase in a research report on Wednesday. They issued an equal weight rating and a $260.00 target price on the stock. Zacks Investment Research cut NetEase from a buy rating to a hold rating in a research report on Tuesday, August 8th. Jefferies Group LLC cut NetEase from a buy rating to a hold rating and decreased their target price for the company from $330.00 to $290.00 in a research report on Tuesday. Finally, BidaskClub upgraded NetEase from a hold rating to a buy rating in a research report on Friday, July 14th. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. NetEase presently has a consensus rating of Hold and a consensus price target of $301.59.

Shares of NetEase (NTES) traded up 1.31% on Friday, reaching $276.69. 948,060 shares of the company traded hands. NetEase has a one year low of $211.11 and a one year high of $337.55.

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Several institutional investors have recently bought and sold shares of the stock. BlackRock Inc. lifted its stake in shares of NetEase by 1,571.4% in the first quarter. BlackRock Inc. now owns 5,039,176 shares of the technology company’s stock worth $1,431,127,000 after acquiring an additional 4,737,686 shares during the period. Renaissance Technologies LLC lifted its stake in shares of NetEase by 20.1% in the second quarter. Renaissance Technologies LLC now owns 2,726,000 shares of the technology company’s stock worth $819,517,000 after acquiring an additional 456,300 shares during the period. Orbis Allan Gray Ltd lifted its stake in shares of NetEase by 17.9% in the second quarter. Orbis Allan Gray Ltd now owns 2,459,381 shares of the technology company’s stock worth $739,364,000 after acquiring an additional 372,510 shares during the period. FMR LLC lifted its stake in shares of NetEase by 63.3% in the second quarter. FMR LLC now owns 2,170,611 shares of the technology company’s stock worth $652,551,000 after acquiring an additional 841,692 shares during the period. Finally, State Street Corp lifted its stake in shares of NetEase by 8.8% in the first quarter. State Street Corp now owns 1,712,268 shares of the technology company’s stock worth $486,279,000 after acquiring an additional 137,801 shares during the period. 50.38% of the stock is currently owned by institutional investors.

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.

Analyst Recommendations for NetEase (NASDAQ:NTES)

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