NetEase Inc Receives a Buy from Jefferies

By Jason Carr

Jefferies analyst Jessie Guo reiterated a Buy rating on NetEase Inc (NASDAQ: NTES) yesterday and set a price target of $330. The company’s shares closed yesterday at $296.97, close to its 52-week high of $323.10.

According to TipRanks.com, Guo is a 4-star analyst with an average return of 25.8% and a 77.3% success rate. Guo covers the Technology sector, focusing on stocks such as Alibaba Group, Sina Corp, and YY Inc.

NetEase Inc has an analyst consensus of Moderate Buy, with a price target consensus of $328.

NetEase Inc’s market cap is currently $39.38B and has a P/E ratio of 20.19. The company has a book value ratio of 6.5206.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

NetEase, Inc. engages in the provision of online internet technology services. It operates through the following business segments: Online Games, Advertising, e-mail Services and E-commerce. The Online Games segment offers multi-player online role-playing games and mobile games. The Advertising segment involves banner advertising, channel sponsorships, direct e-mail, interactive media-rich sites, sponsored special events, games and contests. The e-mail Services segment comprise free and fee-based premium e-mail services. The E-commerce segment provides online selling and payment platform, e-reading applications, matchmaking services, online music, social network, personalized photo-based products, and online game-related accessories. The company was founded by Lei Ding in June 1997 and is headquartered in Beijing, China.