Standpoint Research has downgraded NetEase Inc (NDAQ:NTES) from Buy to Reduce in a report released on 06/07/2017.
On 5/23/2017, Jefferies & Co released a statement on NetEase Inc (NDAQ:NTES) bumped up the target price from $0.00 to $330.00. At the time, this indicated a possible upside of 0.12%.
Yesterday NetEase Inc (NDAQ:NTES) traded 2.90% higher at $313.94. NTES’s 50-day average is $271.45 and its two hundred day average is $285.84. With the last stock price close up -2.17% relative to the two hundred day average, compared with the Standard & Poor's 500 Index which has increased 0.03% over the same period. Volume of trade was down over the average, with 971,173 shares of NTES changing hands under the typical 1,303,990
Performance Chart
With a market capitalization of $0, NetEase Inc has 52 week low of $211.11 and a one year high of $337.55 with a PE ratio of 18.13 .
A total of 19 brokerages have issued a ratings update on NetEase Inc. Six brokerages rating the company a strong buy, 8 firms rating the stock a buy, 3 firms rating the stock a hold, 2 firms rating the stock a underperform, and finally 0 firms rating the stock a sell with a consensus target price of $176.08.
About NetEase Inc (NDAQ: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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