NetEase, Inc (NASDAQ:NTES) had its price target reduced by stock analysts at Macquarie from $185.00 to $180.00 in a research note issued to investors on Wednesday, MarketBeat Ratings reports. The firm presently has an “outperform” rating on the stock. Macquarie’s target price indicates a potential upside of 18.11% from the company’s previous close.

Other institutional investors have recently modified their holdings of the company. Rothschild Investment Corp IL boosted its position in shares of NetEase by 2.4% in the fourth quarter. Rothschild Investment Corp IL now owns 1,734 shares of the company’s stock valued at $314,000 after buying an additional 41 shares in the last quarter. Reynolds Capital Management boosted its position 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. Creative Planning boosted its position 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. Jaffetilchin Investment Partners LLC boosted its position in shares of NetEase by 4.2% in the fourth quarter. Jaffetilchin Investment Partners LLC now owns 9,708 shares of the company’s stock valued at $1,760,000 after buying an additional 393 shares in the last quarter. Finally, DNB Asset Management boosted its position 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.

NetEase (NASDAQ:NTES) traded up 1.8973% on Wednesday, hitting $155.2915. 624,979 shares of the stock traded hands. The stock has a 50 day moving average of $171.49 and a 200 day moving average of $144.78. The firm has a market capitalization of $20.43 billion and a PE ratio of 23.0848. 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 for the quarter, missing analysts’ consensus estimates of $11.25 by $8.81. During the same quarter in the prior year, the firm earned $1.44 earnings per share. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $5.51 billion. NetEase’s quarterly revenue was up 114.1% compared to the same quarter last year. Equities research analysts anticipate that NetEase will post $50.43 earnings per share for the current year.

A number of other research analysts have also weighed in on NTES. BNP Paribas raised their price target on shares of NetEase from $170.00 to $190.00 and gave the company a “buy” rating in a research report on Friday, November 13th. Zacks Investment Research restated a “buy” rating and set a $174.00 price objective on shares of NetEase in a report on Sunday. initiated coverage on shares of NetEase in a report on Wednesday, November 25th. They set a “buy” rating and a $190.00 price objective for the company. Vetr upgraded shares of NetEase from a “hold” rating to a “buy” rating and set a $176.00 price objective for the company in a report on Monday, November 30th. Finally, Goldman Sachs initiated coverage on shares of NetEase in a report on Wednesday, November 25th. They set a “buy” rating and a $190.00 price objective for the company. Two analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. NetEase has a consensus rating of “Buy” and an average target price of $163.56.

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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