Banque Pictet & Cie SA Has $1.77 Million Stake in Sea Limited (NYSE:SE)

Banque Pictet & Cie SA lowered its position in Sea Limited (NYSE:SE) by 21.8% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 16,716 shares of the Internet company based in Singapore’s stock after selling 4,673 shares during the period. Banque Pictet & Cie SA’s holdings in SEA were worth $1,774,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SE. SOA Wealth Advisors LLC. increased its stake in shares of SEA by 33.3% in the 3rd quarter. SOA Wealth Advisors LLC. now owns 600 shares of the Internet company based in Singapore’s stock valued at $57,000 after acquiring an additional 150 shares in the last quarter. TD Private Client Wealth LLC increased its stake in shares of SEA by 33.7% in the 3rd quarter. TD Private Client Wealth LLC now owns 603 shares of the Internet company based in Singapore’s stock valued at $57,000 after acquiring an additional 152 shares in the last quarter. Ballentine Partners LLC increased its stake in shares of SEA by 5.6% in the 4th quarter. Ballentine Partners LLC now owns 2,970 shares of the Internet company based in Singapore’s stock valued at $315,000 after acquiring an additional 158 shares in the last quarter. Integrated Wealth Concepts LLC increased its stake in shares of SEA by 2.6% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 6,357 shares of the Internet company based in Singapore’s stock valued at $599,000 after acquiring an additional 160 shares in the last quarter. Finally, Moseley Investment Management Inc. increased its stake in shares of SEA by 4.3% in the 4th quarter. Moseley Investment Management Inc. now owns 3,870 shares of the Internet company based in Singapore’s stock valued at $411,000 after acquiring an additional 161 shares in the last quarter. Institutional investors and hedge funds own 59.53% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on SE. Dbs Bank upgraded shares of SEA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 13th. Wedbush restated an “outperform” rating and set a $105.00 price target (up previously from $84.00) on shares of SEA in a research note on Monday, November 4th. TD Cowen boosted their price target on shares of SEA from $69.00 to $100.00 and gave the company a “hold” rating in a research note on Wednesday, November 13th. Barclays boosted their price target on shares of SEA from $94.00 to $131.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. Finally, Benchmark boosted their price target on shares of SEA from $94.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $91.21.

SEA Price Performance

Shares of NYSE:SE opened at $134.72 on Friday. The company’s 50-day moving average is $115.44 and its 200 day moving average is $99.53. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.60 and a current ratio of 1.62. The company has a market capitalization of $77.10 billion, a P/E ratio of 898.11 and a beta of 1.55. Sea Limited has a fifty-two week low of $43.10 and a fifty-two week high of $135.06.

SEA (NYSE:SE) last issued its quarterly earnings results on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.35). The company had revenue of $4.33 billion during the quarter, compared to analysts’ expectations of $4.09 billion. SEA had a return on equity of 1.40% and a net margin of 0.64%. SEA’s quarterly revenue was up 30.8% compared to the same quarter last year. During the same period last year, the firm posted ($0.26) earnings per share. On average, equities research analysts forecast that Sea Limited will post 0.8 earnings per share for the current year.

SEA Profile

Sea Ltd. is an internet and mobile platform company, which engages in the provision of online gaming services. It operates through the following segments: Digital Entertainment, E-Commerce, and Digital Financial Services. The Digital Entertainment segment offers and develops mobile and PC online games.