The stock of NetEase Inc (ADR) (NASDAQ:NTES) is a huge mover today! About 337,532 shares traded hands. NetEase Inc (ADR) (NASDAQ:NTES) has risen 78.87% since February 29, 2016 and is uptrending. It has outperformed by 66.66% the S&P500.
The move comes after 9 months positive chart setup for the $32.13 billion company. It was reported on Oct, 3 by Barchart.com. We have $346.38 PT which if reached, will make NASDAQ:NTES worth $13.17 billion more.
NetEase Inc (ADR) (NASDAQ:NTES) Ratings Coverage
Out of 11 analysts covering NetEase (NASDAQ:NTES), 7 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 64% are positive. NetEase has been the topic of 17 analyst reports since August 12, 2015 according to StockzIntelligence Inc. As per Monday, July 18, the company rating was initiated by Brean Capital. The stock of NetEase Inc (ADR) (NASDAQ:NTES) has “Outperform” rating given on Wednesday, September 28 by Macquarie Research. The stock of NetEase Inc (ADR) (NASDAQ:NTES) earned “Hold” rating by Standpoint Research on Wednesday, August 26. The firm has “Outperform” rating given on Monday, September 21 by Credit Suisse. Nomura upgraded NetEase Inc (ADR) (NASDAQ:NTES) on Thursday, May 12 to “Buy” rating. The firm earned “Hold” rating on Friday, October 16 by Standpoint Research. Jefferies initiated NetEase Inc (ADR) (NASDAQ:NTES) on Thursday, September 29 with “Hold” rating. On Friday, January 22 the stock rating was initiated by Nomura with “Neutral”. The stock of NetEase Inc (ADR) (NASDAQ:NTES) earned “Hold” rating by Zacks on Tuesday, August 25. The rating was initiated by Goldman Sachs on Wednesday, November 25 with “Buy”.
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 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 Benzinga.com with their article: “Jefferies Initiates Netease with A Hold Rating Amid Company Transition” published on September 29, 2016, Marketwatch.com published: “Virtual Stock Exchange” on August 12, 2009. More interesting news about NetEase Inc (ADR) (NASDAQ:NTES) were released by: Etfdailynews.com and their article: “NetEase Proves It’s the One Chinese Stock Everyone Should Own” published on August 18, 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.
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.