NetEase (NASDAQ:NTES) had its price target dropped by investment analysts at Barclays to $255.00 in a research note issued on Friday. The brokerage currently has an “equal weight” rating on the technology company’s stock. Barclays’ price objective suggests a potential upside of 3.59% from the stock’s previous close.

A number of other brokerages have also recently weighed in on NTES. Zacks Investment Research cut NetEase from a “hold” rating to a “sell” rating in a report on Saturday, March 31st. Goldman Sachs reissued a “buy” rating and set a $432.00 price objective (up from $340.00) on shares of NetEase in a report on Thursday, January 18th. They noted that the move was a valuation call. Vetr raised NetEase from a “buy” rating to a “strong-buy” rating and set a $363.00 price objective on the stock in a report on Tuesday, January 30th. Deutsche Bank set a $347.00 price objective on NetEase and gave the company a “buy” rating in a report on Thursday, April 5th. Finally, BidaskClub cut NetEase from a “hold” rating to a “sell” rating in a report on Tuesday, March 27th. Six research analysts have rated the stock with a sell rating, three have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $329.40.

Shares of NASDAQ NTES opened at $246.16 on Friday. The stock has a market cap of $34.93 billion, a P/E ratio of 19.84, a PEG ratio of 1.69 and a beta of 0.89. NetEase has a 1-year low of $264.17 and a 1-year high of $269.29.

A number of institutional investors have recently made changes to their positions in the business. BlackRock Inc. increased its stake in NetEase by 6.8% in the 1st quarter. BlackRock Inc. now owns 5,300,537 shares of the technology company’s stock worth $1,486,218,000 after purchasing an additional 337,387 shares during the period. Orbis Allan Gray Ltd increased its stake in NetEase by 32.1% in the 4th quarter. Orbis Allan Gray Ltd now owns 4,119,291 shares of the technology company’s stock worth $1,421,444,000 after purchasing an additional 1,000,970 shares during the period. Cornerstone Capital Management Holdings LLC. increased its stake in NetEase by 69.5% in the 4th quarter. Cornerstone Capital Management Holdings LLC. now owns 3,300,425 shares of the technology company’s stock worth $1,138,877,000 after purchasing an additional 1,352,700 shares during the period. Baillie Gifford & Co. increased its stake in NetEase by 15.5% in the 1st quarter. Baillie Gifford & Co. now owns 3,084,294 shares of the technology company’s stock worth $864,805,000 after purchasing an additional 413,855 shares during the period. Finally, Comgest Global Investors S.A.S. increased its stake in NetEase by 0.4% in the 4th quarter. Comgest Global Investors S.A.S. now owns 2,274,160 shares of the technology company’s stock worth $784,745,000 after purchasing an additional 8,377 shares during the period. 51.55% of the stock is currently owned by institutional investors and hedge funds.

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.

Analyst Recommendations for NetEase (NASDAQ:NTES)

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