NetEase, Inc. (NASDAQ:NTES) Shares Purchased by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA increased its holdings in shares of NetEase, Inc. (NASDAQ:NTES - Free Report) by 1,459.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 134,113 shares of the technology company's stock after buying an additional 125,513 shares during the quarter. Pictet Asset Management Holding SA's holdings in NetEase were worth $11,964,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NTES. Cerity Partners LLC raised its stake in NetEase by 21.4% during the third quarter. Cerity Partners LLC now owns 5,519 shares of the technology company's stock worth $516,000 after purchasing an additional 972 shares during the period. Flow Traders U.S. LLC purchased a new stake in NetEase during the third quarter valued at about $751,000. Polymer Capital Management HK LTD raised its holdings in shares of NetEase by 34.9% in the 3rd quarter. Polymer Capital Management HK LTD now owns 63,814 shares of the technology company's stock worth $5,967,000 after purchasing an additional 16,514 shares during the period. State Street Corp lifted its stake in shares of NetEase by 0.3% in the 3rd quarter. State Street Corp now owns 56,729 shares of the technology company's stock valued at $5,305,000 after purchasing an additional 156 shares in the last quarter. Finally, Temasek Holdings Private Ltd purchased a new stake in shares of NetEase during the 3rd quarter worth about $51,498,000. Hedge funds and other institutional investors own 11.07% of the company's stock.

NetEase Stock Down 5.7 %

Shares of NTES traded down $5.66 during mid-day trading on Monday, hitting $93.21. The stock had a trading volume of 1,603,052 shares, compared to its average volume of 1,583,536. The company has a market cap of $59.85 billion, a PE ratio of 14.71, a PEG ratio of 3.37 and a beta of 0.65. NetEase, Inc. has a fifty-two week low of $75.85 and a fifty-two week high of $110.15. The company's fifty day simple moving average is $102.39 and its two-hundred day simple moving average is $93.74.

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NetEase (NASDAQ:NTES - Get Free Report) last issued its earnings results on Thursday, February 20th. The technology company reported $1.87 earnings per share for the quarter, topping analysts' consensus estimates of $1.73 by $0.14. NetEase had a net margin of 28.17% and a return on equity of 22.12%. The company had revenue of $3.66 billion for the quarter, compared to analysts' expectations of $27.16 billion. Equities analysts expect that NetEase, Inc. will post 6.91 earnings per share for the current year.

NetEase Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th were paid a $0.435 dividend. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $1.74 dividend on an annualized basis and a yield of 1.87%. NetEase's payout ratio is currently 76.45%.

Wall Street Analyst Weigh In

NTES has been the subject of several recent research reports. Morgan Stanley increased their price objective on shares of NetEase from $108.00 to $117.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 12th. Benchmark raised their target price on NetEase from $105.00 to $115.00 and gave the company a "buy" rating in a report on Friday, February 21st. Bank of America boosted their target price on shares of NetEase from $120.00 to $122.00 and gave the stock a "buy" rating in a research report on Wednesday, January 15th. Finally, Barclays raised their price target on shares of NetEase from $82.00 to $104.00 and gave the company an "equal weight" rating in a report on Monday, February 24th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $114.57.

NetEase Company Profile

NetEase, Inc engages in online games, music streaming, online intelligent learning services, and internet content services businesses in China and internationally . The company operates through Games and Related Value-Added Services, Youdao, Cloud Music, and Innovative Businesses and Others segments.