The stock of NetEase Inc (ADR) (NASDAQ:NTES) is a huge mover today! About 4.27M shares traded hands or 306.67% up from the average. NetEase Inc (ADR) (NASDAQ:NTES) has risen 75.82% since April 8, 2016 and is uptrending. It has outperformed by 70.17% the S&P500.
The move comes after 7 months negative chart setup for the $30.60B company. It was reported on Nov, 10 by Barchart.com. We have $212.12 PT which if reached, will make NASDAQ:NTES worth $2.14 billion less.
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. NetEase has been the topic of 18 analyst reports since August 12, 2015 according to StockzIntelligence Inc. JP Morgan maintained the shares of NTES in a report on Thursday, February 25 with “Overweight” rating. Credit Suisse maintained the shares of NTES in a report on Monday, September 21 with “Outperform” rating. The stock of NetEase Inc (ADR) (NASDAQ:NTES) earned “Buy” rating by Goldman Sachs on Wednesday, November 25. Credit Agricole downgraded the shares of NTES in a report on Thursday, February 25 to “Underperform” rating. The firm earned “Buy” rating on Thursday, May 12 by Nomura. Jefferies initiated NetEase Inc (ADR) (NASDAQ:NTES) on Thursday, September 29 with “Hold” rating. Standpoint Research upgraded it to “Hold” rating and $145.0 target price in Wednesday, August 26 report. Brean Capital initiated the stock with “Buy” rating in Monday, July 18 report. The rating was initiated by Nomura with “Neutral” on Friday, January 22. The firm has “Hold” rating by Vetr given on Wednesday, August 12.
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.”
More recent NetEase Inc (ADR) (NASDAQ:NTES) news were published by: Marketwatch.com which released: “/quotes/zigman/3870025/realtime” on August 12, 2009. Also Quotes.Wsj.com published the news titled: “DOW JONES, A NEWS CORP COMPANY” on February 11, 2011. Livetradingnews.com‘s news article titled: “NetEase Inc (ADR) (NASDAQ:NTES) Heffx Trading Outlook” with publication date: October 19, 2016 was also an interesting one.
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.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.