Sea Limited (NYSE:SE) Shares Sold by Swiss National Bank

Swiss National Bank lessened its position in shares of Sea Limited (NYSE:SE) by 7.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,022,000 shares of the Internet company based in Singapore’s stock after selling 77,800 shares during the quarter. Swiss National Bank’s holdings in SEA were worth $108,434,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Private Trust Co. NA grew its position in SEA by 474.4% during the fourth quarter. Private Trust Co. NA now owns 247 shares of the Internet company based in Singapore’s stock valued at $26,000 after buying an additional 204 shares during the period. Kestra Investment Management LLC acquired a new stake in SEA during the fourth quarter valued at $34,000. Farther Finance Advisors LLC grew its position in SEA by 43.8% during the fourth quarter. Farther Finance Advisors LLC now owns 368 shares of the Internet company based in Singapore’s stock valued at $39,000 after buying an additional 112 shares during the period. Truvestments Capital LLC purchased a new position in SEA during the third quarter valued at $41,000. Finally, Icon Wealth Advisors LLC purchased a new position in SEA during the third quarter valued at $47,000. Institutional investors and hedge funds own 59.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. JPMorgan Chase & Co. increased their price objective on shares of SEA from $133.00 to $160.00 and gave the company an “overweight” rating in a report on Wednesday, March 5th. UBS Group increased their price objective on shares of SEA from $135.00 to $176.00 and gave the company a “buy” rating in a report on Friday, March 7th. Phillip Securities raised shares of SEA from a “moderate sell” rating to a “hold” rating in a report on Friday, March 7th. Jefferies Financial Group increased their price objective on shares of SEA from $131.00 to $157.00 and gave the company a “buy” rating in a report on Tuesday, March 4th. Finally, Sanford C. Bernstein set a $145.00 price objective on shares of SEA and gave the company an “outperform” rating in a report on Wednesday, March 5th. Three analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, SEA currently has a consensus rating of “Moderate Buy” and an average target price of $116.67.

SEA Trading Up 1.9 %

Shares of NYSE:SE opened at $127.24 on Friday. Sea Limited has a 52 week low of $51.70 and a 52 week high of $147.73. The company’s 50 day moving average is $122.96 and its two-hundred day moving average is $107.43. The company has a current ratio of 1.62, a quick ratio of 1.60 and a debt-to-equity ratio of 0.36. The company has a market cap of $72.83 billion, a PE ratio of 848.29 and a beta of 1.62.

SEA Company 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.