The stock of NetEase Inc (ADR) (NASDAQ:NTES) is a huge mover today! About 989,783 shares traded hands. NetEase Inc (ADR) (NASDAQ:NTES) has risen 52.66% since April 13, 2016 and is uptrending. It has outperformed by 48.74% the S&P500.
The move comes after 7 months positive chart setup for the $28.42B company. It was reported on Nov, 15 by Barchart.com. We have $387.63 PT which if reached, will make NASDAQ:NTES worth $19.33 billion more.
NetEase Inc (ADR) (NASDAQ:NTES) Ratings Coverage
Out of 13 analysts covering NetEase (NASDAQ:NTES), 9 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 69% are positive. NetEase has been the topic of 19 analyst reports since August 12, 2015 according to StockzIntelligence Inc. Credit Agricole downgraded the stock to “Underperform” rating in Thursday, February 25 report. The stock has “Hold” rating given by Jefferies on Thursday, September 29. The stock of NetEase Inc (ADR) (NASDAQ:NTES) earned “Outperform” rating by Macquarie Research on Wednesday, September 28. The firm has “Neutral” rating given on Friday, August 19 by Credit Suisse. The firm earned “Buy” rating on Thursday, May 12 by Nomura. The firm earned “Hold” rating on Wednesday, August 12 by Vetr. On Monday, September 21 the stock rating was maintained by Credit Suisse with “Outperform”. The rating was initiated by Brean Capital with “Buy” on Monday, July 18. The firm earned “Outperform” rating on Monday, October 3 by CLSA. Morgan Stanley maintained NetEase Inc (ADR) (NASDAQ:NTES) on Thursday, November 10 with “Overweight” rating.
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 news for NetEase Inc (ADR) (NASDAQ:NTES) were recently published by: Investorplace.com, which released: “Why Barrick Gold Corporation (USA) (ABX), Sturm Ruger & Company Inc (RGR) and …” on November 10, 2016. Marketwatch.com‘s article titled: “/quotes/zigman/3870025/realtime” and published on August 12, 2009 is yet another important article.
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.
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