A statement released earlier today by Vetr Inc. about NetEase Inc (ADR) (NASDAQ:NTES) bumps the target price to $210.98
- Updated: September 19, 2016
Reporting a possible downside of -0.11%, Vetr Inc. upped the price target of NetEase Inc (ADR) (NASDAQ:NTES) to $211.
On 9/12/2016, Vetr Inc. released a statement about NetEase Inc (ADR)(NASDAQ:NTES) raised the target price from $0.00 to $215.78 that indicated a possible downside of -0.06%.
Showing a price of $238.03, NetEase Inc (ADR) (NASDAQ:NTES) traded 4.60% higher on the day. With the last stock price up 42.51% from the two hundred day average, compared to the Standard & Poor’s 500 Index which has decreased -0.01% over the same time. NetEase Inc (ADR) has been tracking to a 50-day moving average of $213.97 and two hundred day average of $174.72. Trade volume was was up over the average, with 2,192,003 shares of NTES changing hands over the typical 1,194,940 shares.
NetEase Inc (ADR) has a price-earnings of 24 with a one-year low of $110.65 and a one-year high of $252.42 and has a total market value of $0.0.
A total of 19 brokerages have reported on the stock. Six analysts rate the company a strong buy, eight analysts rate the stock a buy, three firms rate the stock a hold, two firms rate the company to underperform, and finally 0 analystsrate the company as sell with a consensus target stock price of $176.08
More About NetEase Inc (ADR) (NASDAQ:NTES)
NetEase, Inc. (NetEase) is a technology company. The Company operates an interactive online community in China and is a provider of Chinese language content and services through its online games, Internet media, e-mail, e-commerce and other businesses. The Company operates through three segments: Online Game Services; Advertising Services, and E-mail, E-commerce and Others. Its online games business primarily focuses on offering personal computer (PC)-client massively multi-player online role-playing games (PC-client MMORPGs), as well as mobile games to the Chinese market. The NetEase Websites provide Internet users with Chinese language online services centered over three core service categories, which include content, community and communication. Its online advertising offerings include banner advertising, direct e-mail, sponsored special events, games, and contests and other activities. It offers free and fee-based premium e-mail services to its individual users and corporate users.
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