Standpoint Research has downgraded Netease.com (NASDAQ:NTES) from Buy to Reduce in a statement released on 6/7/2017.
On Tuesday May 30, 2017, Vetr Inc. released a statement on Netease.com (NASDAQ:NTES) bumped up the target price from $0.00 to $362.33 that suggested an upside of 0.26%.
Boasting a price of $302.88, Netease.com (NASDAQ:NTES) traded 2.90% higher on the day. The last closing price is up -2.17% from the 200-day moving average, compared to the S&P 500 which has increased 0.03% over the same time. The company has recorded a 50-day moving average of $271.45 and a 200-day moving average of $285.84. 971,173 shares of the stock were exchanged, down from an average trading volume of 1,303,990
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Netease.com has a 52 week low of $211.11 and a 52 week high of $337.55 with a P/E ratio of 18.13 The company’s market cap is currently $0.
In addition to Standpoint Research reporting its target price, a total of 19 firms have reported on the stock. The consensus target price is $176.08 with 6 brokers rating the stock a strong buy, 8 brokers rating the stock a buy, 3 brokers rating the stock a hold, two equity analysts rating the company a underperform, and lastly zero equity analysts rating the company a sell.
Brief Synopsis About Netease.com (NASDAQ:NTES)
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. Its online games business primarily focuses on offering personal computer (PC)-client massively multi-player online role-playing games (PC-client MMORPGs), as well as mobile games to the Chinese market. The NetEase Websites provide Internet users with Chinese language online services centered over three core service categories, which include content, community and communication. Its online advertising offerings include banner advertising, direct e-mail, sponsored special events, games, contests and other activities. It offers free and fee-based premium e-mail services to its individual users and corporate users.
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