Price Action Report: NetEase Inc (ADR) Can’t Burn Your Long Portfolio. Has Another Strong Session

Price Action Report: NetEase Inc (ADR) Can't Burn Your Long Portfolio. Has Another Strong Session

The stock of NetEase Inc (ADR) (NASDAQ:NTES) is a huge mover today! About 584,647 shares traded hands. NetEase Inc (ADR) (NASDAQ:NTES) has risen 70.64% since April 25, 2016 and is uptrending. It has outperformed by 64.63% the S&P500.
The move comes after 7 months positive chart setup for the $30.15B company. It was reported on Nov, 28 by Barchart.com. We have $243.46 PT which if reached, will make NASDAQ:NTES worth $1.51B more.

Analysts await NetEase Inc (ADR) (NASDAQ:NTES) to report earnings on February, 22. They expect $3.68 earnings per share, up 46.03% or $1.16 from last year’s $2.52 per share. NTES’s profit will be $478.51 million for 15.75 P/E if the $3.68 EPS becomes a reality. After $3.11 actual earnings per share reported by NetEase Inc (ADR) for the previous quarter, Wall Street now forecasts 18.33% EPS growth.

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. Brean Capital initiated the shares of NTES in a report on Monday, July 18 with “Buy” rating. The firm has “Outperform” rating by Credit Suisse given on Monday, September 21. Macquarie Research maintained NetEase Inc (ADR) (NASDAQ:NTES) on Wednesday, September 28 with “Outperform” rating. The stock of NetEase Inc (ADR) (NASDAQ:NTES) earned “Neutral” rating by Credit Suisse on Friday, August 19. The stock has “Hold” rating given by Standpoint Research on Wednesday, August 26. The firm earned “Buy” rating on Thursday, May 12 by Nomura. The stock has “Hold” rating given by Jefferies on Thursday, September 29. The firm has “Underperform” rating given on Thursday, February 25 by Credit Agricole. As per Tuesday, August 25, the company rating was downgraded by Zacks. On Monday, October 3 the stock rating was upgraded by CLSA to “Outperform”.

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.”

Another recent and important NetEase Inc (ADR) (NASDAQ:NTES) news was published by Marketwatch.com which published an article titled: “/quotes/zigman/3870025/realtime” on August 12, 2009.

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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