Stock Volume Ramping Up Mid-Session: NetEase, Inc. (NASDAQ:NTES)

Stock Volume Ramping Up Mid-Session: NetEase, Inc. (NASDAQ:NTES)

Barclays PLC assumed coverage on shares of NetEase in a research report on Wednesday, October 4th. Benchmark Co.'s target price points to a potential downside of 7.48% from the company's previous close. (NASDAQ:NTES) in a research report sent to investors on Thursday. Jefferies Group LLC restated a hold rating and issued a $302.00 target price on shares of NetEase in a research report on Friday. Analysts giving shares a rating of 1 or 2 would be indicating a Buy. Goldman Sachs initiated NetEase Inc (ADR) (NASDAQ:NTES) on Wednesday, November 25 with "Buy" rating. Nomura has "Neutral" rating and $166 target.

Among 17 analysts covering NetEase (NASDAQ:NTES), 10 have Buy rating, 4 Sell and 3 Hold. Vetr lowered shares of NetEase from a strong-buy rating to a buy rating and set a $327.04 target price for the a research report on Monday, September 18th. As of the latest earnings report the EPS was $14.91 with 3.29B shares now outstanding. 6,047,300 shares of the company traded hands, compared to its average volume of 1,281,239.

Netease Inc Ads's stock has a beta of 0.85 so it is less volatile than the market overall which by definition has a beta of 1. NetEase has a 12 month low of $211.11 and a 12 month high of $375.10.

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Other hedge funds have also recently modified their holdings of the company. Stockholders of record on Friday, December 1st will be paid a dividend of $0.717 per share. The rating was maintained by Morgan Stanley on Thursday, November 10 with "Overweight". The third largest holder is Lazard Asset Management Llc, which now holds $968.79 million worth of this stock and that ownership represents almost 2.18% of its market capitalization.

NetEase announced that its board has approved a share repurchase program on Wednesday, November 15th that authorizes the company to repurchase $1.00 billion in outstanding shares.

The stock is among the market's biggest gainers. Stock repurchase programs are generally a sign that the company's board of directors believes its stock is undervalued. Institutional investors own 50.30% of the company's stock. The Edgar Lomax Co holds 948,970 shares with $83.93M value, down from 978,270 last quarter.

As of the end of the quarter Investec Asset Management Ltd had acquired 198,413 shares growing its holdings by 35.7%. Ladenburg Thalmann Financial Services Inc. now owns 494 shares of the technology company's stock valued at $131,000 after buying an additional 267 shares during the period. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of NetEase by 117.6% during the third quarter. First Trust Advisors LP now owns 319,517 shares of the technology company's stock valued at $84,292,000 after acquiring an additional 27,771 shares in the last quarter. Finally, OLD National Bancorp IN lifted its holdings in shares of NetEase by 0.4% in the second quarter. Renaissance Technologies Llc who had been investing in Netease Inc for a number of months, seems to be bullish on the $48.45B market cap 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 Firm operates through three divisions: Online Game Services; Advertising Services, and E-mail, E-commerce and Others.

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