In today’s session NetEase Inc (ADR) (NTES) registered an unusually high (446) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the October, 2016 call, expecting serious NTES increase. With 446 contracts traded and 1184 open interest for the Oct, 16 contract, it seems this is a quite bullish bet. The option with symbol: NTES161021C00255000 closed last at: $4.2 or 27.3% up. About 191,555 shares traded hands. NetEase Inc (ADR) (NASDAQ:NTES) has risen 82.90% since March 2, 2016 and is uptrending. It has outperformed by 74.64% the S&P500.
NetEase Inc (ADR) (NASDAQ:NTES) Ratings Coverage
Out of 12 analysts covering NetEase (NASDAQ:NTES), 8 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 67% are positive. $280 is the highest target while $145.0 is the lowest. The $198.69 average target is -19.91% below today’s ($248.08) stock price. NetEase has been the topic of 18 analyst reports since August 12, 2015 according to StockzIntelligence Inc. On Thursday, February 25 the stock rating was maintained by JP Morgan with “Overweight”. On Wednesday, August 12 the stock rating was upgraded by Vetr to “Hold”. Credit Agricole downgraded the stock to “Underperform” rating in Thursday, February 25 report. Goldman Sachs initiated it with “Buy” rating and $190 target price in Wednesday, November 25 report. Standpoint Research downgraded NetEase Inc (ADR) (NASDAQ:NTES) on Friday, October 16 to “Hold” rating. The rating was upgraded by CLSA on Monday, October 3 to “Outperform”. As per Thursday, May 12, the company rating was upgraded by Nomura. The firm has “Neutral” rating given on Friday, August 19 by Credit Suisse. On Wednesday, August 26 the stock rating was upgraded by Standpoint Research to “Hold”. The company was downgraded on Tuesday, August 25 by Zacks.
According to Zacks Investment Research, “NetEase, Inc. is an Internet technology company engaged in the development of applications, services and other technologies for the Internet in China. It provides online gaming services that include in-house developed massively multi-player online role-playing games and licensed titles. NetEase also provides online advertising, community services, entertainment content, free e-mail services and micro-blogging services. The Company also offers wireless value-added services such as news and information content, matchmaking services, music and photos from the web that are sent over SMS, MMS, WAP, IVR and Color Ring-back Tone technologies. NetEase, Inc., formerly known as NetEase.com, Inc., is based in Beijing, the People’s Republic of China.”
NetEase, Inc. is a technology company. The company has a market cap of $33.12 billion. The Firm operates an interactive online community in China and is a well-known provider of Chinese language content and services through its online games, Internet media, e-mail, e-commerce and other businesses. It has a 23.72 P/E ratio. The Firm operates through three divisions: Online Game Services; Advertising Services, and E-mail, E-commerce and Others.
NTES Company Profile
NetEase, Inc. (NetEase), incorporated on July 6, 1999, is a technology company. The Firm operates an interactive online community in China and is a well-known provider of Chinese language content and services through its online games, Internet media, e-mail, e-commerce and other businesses. The Firm operates through three divisions: Online Game Services; Advertising Services, and E-mail, E-commerce and Others. The Firm is engaged in the development of applications, services and other technologies for the Internet in China.
More notable recent NetEase Inc (ADR) (NASDAQ:NTES) news were published by: Quotes.Wsj.com which released: “DOW JONES, A NEWS CORP COMPANY” on February 11, 2011, also Etfdailynews.com with their article: “NetEase Proves It’s the One Chinese Stock Everyone Should Own” published on August 18, 2016, Marketwatch.com published: “Plus the latest data from Realtor.com on 21 home markets across the US” on August 12, 2009. More interesting news about NetEase Inc (ADR) (NASDAQ:NTES) were released by: Benzinga.com and their article: “Jefferies Initiates Netease with A Hold Rating Amid Company Transition” published on September 29, 2016 as well as Investorplace.com‘s news article titled: “Why Vale SA (ADR) (VALE), NetEase Inc (ADR) (NTES) and HP Inc (HPQ) Are 3 of …” with publication date: February 25, 2016.
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