NetEase (NASDAQ:NTES) Stock Rating Upgraded by Morgan Stanley

NetEase (NASDAQ:NTES) was upgraded by Morgan Stanley from an “equal weight” rating to an “overweight” rating in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has a $108.00 price target on the technology company’s stock, up from their previous price target of $90.00. Morgan Stanley’s price target would suggest a potential upside of 20.37% from the stock’s previous close.

NTES has been the subject of a number of other reports. Citigroup lifted their price target on NetEase from $108.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. StockNews.com lowered NetEase from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 6th. Finally, Benchmark dropped their price target on NetEase from $120.00 to $105.00 and set a “buy” rating on the stock in a research report on Friday, November 15th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, NetEase presently has a consensus rating of “Moderate Buy” and a consensus price target of $108.43.

NetEase Price Performance

NTES opened at $89.72 on Wednesday. NetEase has a 12-month low of $75.85 and a 12-month high of $114.50. The stock has a market capitalization of $57.61 billion, a PE ratio of 15.16, a P/E/G ratio of 3.53 and a beta of 0.57. The firm’s fifty day moving average price is $87.79 and its 200 day moving average price is $87.77.

Institutional Trading of NetEase

Large investors have recently modified their holdings of the company. SYSTM Wealth Solutions LLC boosted its stake in NetEase by 55.5% during the 2nd quarter. SYSTM Wealth Solutions LLC now owns 328 shares of the technology company’s stock valued at $31,000 after purchasing an additional 117 shares during the period. State Street Corp increased its holdings in shares of NetEase by 0.3% during the third quarter. State Street Corp now owns 56,729 shares of the technology company’s stock valued at $5,305,000 after purchasing an additional 156 shares during the period. Financial Advocates Investment Management raised its position in shares of NetEase by 5.4% during the 3rd quarter. Financial Advocates Investment Management now owns 4,647 shares of the technology company’s stock worth $435,000 after buying an additional 237 shares in the last quarter. Brandes Investment Partners LP boosted its stake in NetEase by 1.2% during the 2nd quarter. Brandes Investment Partners LP now owns 20,880 shares of the technology company’s stock valued at $2,000,000 after purchasing an additional 248 shares in the last quarter. Finally, Financial Counselors Inc. boosted its stake in NetEase by 8.0% during the 3rd quarter. Financial Counselors Inc. now owns 3,404 shares of the technology company’s stock valued at $318,000 after purchasing an additional 252 shares in the last quarter. Institutional investors and hedge funds own 11.07% of the company’s stock.

NetEase Company Profile

NetEase, Inc engages in online games, music streaming, online intelligent learning services, and internet content services businesses in China and internationally . The company operates through Games and Related Value-Added Services, Youdao, Cloud Music, and Innovative Businesses and Others segments.