Shares of NetEase, Inc. (NTES) Sees Large Inflow of Net Money Flow

NetEase, Inc. (NTES) saw its share price trade relatively negative in the recent trading session. The share price was last updated to $253.82 with a loss of -0.08 points or -0.03%. The net money flow was $24.26 million and the up/down ratio was 1.58. Approximately $65.74 million was the inflow in upticks and $41.48 million was the outflow in downticks. On a weekly measure, the shares have seen a price change of 0.37%.The shares witnessed a block transaction with a net money flow of $24.19 million. The total money in uptick was $34.27 million and in downtick was $10.08 million with the up/down ratio reaching 3.4.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

Shares of NetEase, Inc. rose by 0.89% in the last five trading days and 17.87% for the last 4 weeks. NetEase, Inc. has dropped 0.9% during the last 3-month period . Year-to-Date the stock performance stands at 17.87%. NetEase, Inc. (NASDAQ:NTES) witnessed a decline in the market cap on Wednesday as its shares dropped 0.03% or 0.08 points. After the session commenced at $256.39, the stock reached the higher end at $256.7599 while it hit a low of $250.85. With the volume soaring to 670,127 shares, the last trade was called at $253.82. The company has a 52-week high of $272.58. The company has a market cap of $33,372 million and there are 131,477,287 shares in outstanding. The 52-week low of the share price is $129.6.

NetEase Inc (ADR) Last issued its quarterly earnings results on Nov 9, 2016. The company reported $3.42 EPS for the quarter, beating the analyst consensus estimate by $ 0.22. Analyst had a consensus of $3.20. The company had revenue of $1381.40 million for the quarter, compared to analysts expectations of $1434.44 million. The companys revenue was up 31.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.44 EPS.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.NetEase Inc (ADR) was Initiated by Bernstein on Jan 11, 2017 to Underperform, Price Target of the shares are set at $200.NetEase Inc (ADR) was Upgraded by Standpoint Research to Buy on Jan 9, 2017. NetEase Inc (ADR) was Upgraded by CLSA to Buy on Jan 4, 2017. NetEase Inc (ADR) was Upgraded by Jefferies to Buy on Nov 28, 2016.

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 Peoples Republic of China.

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