NetEase.com (NTES) Surges to New 52-Week High

NetEase.com Inc.‘s (NTES) U.S.-listed shares rose 6.44 percent to $45.64 and increased to $48.70 earlier, the highest intraday price since June 2000. China’s third-biggest online-games provider said fourth- quarter profit rose 25%, beating analysts’ estimates.  The company reported EPS of $0.83 versus consensus of $0.70. Revenues came in at $254.5 million versus the $220.9 million consensus. After posting strong results, Brean Murray upgraded NTES shares from ‘Hold’ to ‘Buy’. The firm raised its price target on the stock to $54.

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