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

Pictet Asset Management Holding SA raised its holdings in NetEase, Inc. (NASDAQ:NTES) by 1,459.5% during the 4th quarter, according to the company in 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 purchasing an additional 125,513 shares during the period. Pictet Asset Management Holding SA’s holdings in NetEase were worth $11,964,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Greenwoods Asset Management Hong Kong Ltd. lifted its position in shares of NetEase by 10.8% during the 4th quarter. Greenwoods Asset Management Hong Kong Ltd. now owns 3,632,870 shares of the technology company’s stock valued at $324,088,000 after buying an additional 354,273 shares in the last quarter. Wellington Management Group LLP lifted its holdings in NetEase by 1.1% during the third quarter. Wellington Management Group LLP now owns 1,020,213 shares of the technology company’s stock valued at $95,400,000 after purchasing an additional 10,920 shares in the last quarter. Davis Selected Advisers acquired a new stake in shares of NetEase in the fourth quarter valued at about $53,287,000. American Century Companies Inc. increased its stake in shares of NetEase by 6.4% during the fourth quarter. American Century Companies Inc. now owns 568,454 shares of the technology company’s stock worth $50,712,000 after purchasing an additional 34,255 shares in the last quarter. Finally, Temasek Holdings Private Ltd acquired a new position in shares of NetEase during the 3rd quarter worth about $51,498,000. 11.07% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on NTES shares. Morgan Stanley lifted their price objective on NetEase from $108.00 to $117.00 and gave the stock an “overweight” rating in a report on Wednesday, February 12th. StockNews.com cut NetEase from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 6th. Bank of America raised their price objective on NetEase from $120.00 to $122.00 and gave the company a “buy” rating in a report on Wednesday, January 15th. Benchmark upped their target price on shares of NetEase from $105.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Finally, Barclays increased their target price on shares of NetEase from $82.00 to $104.00 and gave the company an “equal weight” rating in a research report on Monday, February 24th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $114.57.

NetEase Stock Up 0.0 %

NASDAQ NTES opened at $106.40 on Thursday. NetEase, Inc. has a 52 week low of $75.85 and a 52 week high of $110.15. The business’s fifty day simple moving average is $102.36 and its 200-day simple moving average is $93.27. The firm has a market cap of $68.33 billion, a PE ratio of 16.70, a P/E/G ratio of 3.37 and a beta of 0.61.

NetEase (NASDAQ:NTES) last posted its earnings results on Thursday, February 20th. The technology company reported $1.87 earnings per share for the quarter, beating the consensus estimate of $1.73 by $0.14. The company had revenue of $3.66 billion for the quarter, compared to analyst estimates of $27.16 billion. NetEase had a net margin of 28.17% and a return on equity of 22.12%. Research analysts expect that NetEase, Inc. will post 6.91 EPS for the current year.

NetEase Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th were given 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 1.64%. NetEase’s dividend payout ratio is currently 76.45%.

About NetEase

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.