Nomura assumed coverage on shares of NetEase, Inc (NASDAQ:NTES) in a research note published on Friday morning, The Fly reports. The firm issued a neutral rating and a $166.00 target price on the stock.

Several hedge funds have made changes to their positions in NTES. Creative Planning increased its stake in shares of NetEase by 0.7% in the fourth quarter. Creative Planning now owns 4,787 shares of the company’s stock valued at $868,000 after buying an additional 32 shares in the last quarter. DNB Asset Management increased its stake in shares of NetEase by 2.5% in the fourth quarter. DNB Asset Management now owns 20,900 shares of the company’s stock valued at $3,787,916 after buying an additional 500 shares in the last quarter. Reynolds Capital Management increased its stake in shares of NetEase by 76.2% in the fourth quarter. Reynolds Capital Management now owns 3,700 shares of the company’s stock valued at $671,000 after buying an additional 1,600 shares in the last quarter. Vontobel Asset Management increased its stake in shares of NetEase by 1.6% in the fourth quarter. Vontobel Asset Management now owns 2,981,327 shares of the company’s stock valued at $547,405,000 after buying an additional 48,113 shares in the last quarter. Finally, Nordea Investment Management AB increased its stake in shares of NetEase by 11.1% in the fourth quarter. Nordea Investment Management AB now owns 515,091 shares of the company’s stock valued at $93,355,000 after buying an additional 51,535 shares in the last quarter.

Several other research firms also recently issued reports on NTES. Goldman Sachs assumed coverage on NetEase in a research note on Wednesday, November 25th. They issued a buy rating and a $190.00 price target for the company. assumed coverage on NetEase in a research note on Wednesday, November 25th. They issued a buy rating and a $190.00 price target for the company. Vetr upgraded NetEase from a hold rating to a buy rating and set a $176.00 price target for the company in a research note on Monday, November 30th. Zacks Investment Research downgraded NetEase from a buy rating to a hold rating and set a $183.00 price target for the company. in a research note on Sunday, January 17th. Finally, BNP Paribas boosted their price target on NetEase from $170.00 to $190.00 and gave the company a buy rating in a research note on Friday, November 13th. Two investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The company currently has an average rating of Buy and an average price target of $163.12.

Shares of NetEase (NASDAQ:NTES) traded up 3.24% during mid-day trading on Friday, reaching $158.48. The company had a trading volume of 834,378 shares. The company has a market cap of $20.85 billion and a price-to-earnings ratio of 23.58. The firm’s 50-day moving average price is $172.89 and its 200 day moving average price is $144.37. NetEase has a 52-week low of $94.17 and a 52-week high of $186.45.

NetEase (NASDAQ:NTES) last released its quarterly earnings results on Wednesday, November 11th. The company reported $2.44 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $11.25 by $8.81. The company earned $1.05 billion during the quarter, compared to analyst estimates of $5.51 billion. NetEase’s revenue for the quarter was up 114.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.44 EPS. Equities analysts expect that NetEase will post $50.43 EPS for the current year.

NetEase, Inc. (NASDAQ:NTES) is a holding company. The Company, through its subsidiaries and contracts with its affiliates Guangzhou NetEase Computer System Co., Ltd., Beijing Guangyitong Advertising Co., Ltd., Shanghai EaseNet Network Technology Co., Ltd., and certain other affiliated companies, operates an interactive online community in China and is a provider of Chinese language content and services through its online games, Internet portal, e-mail, e-commerce and other businesses. The Company operates in three segments: Online Game Services, Advertising Services, and E-mail, E-commerce and Others. The Company conducts its business mainly in China.

12 Month Chart for NASDAQ:NTES

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