Sea Limited (NYSE:SE) Shares Sold by Banque Pictet & Cie SA

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

Other large investors have also recently made changes to their positions in the company. SOA Wealth Advisors LLC. boosted its position in shares of SEA by 33.3% in the third quarter. SOA Wealth Advisors LLC. now owns 600 shares of the Internet company based in Singapore’s stock worth $57,000 after acquiring an additional 150 shares during the last quarter. TD Private Client Wealth LLC lifted its position in shares of SEA by 33.7% during the third quarter. TD Private Client Wealth LLC now owns 603 shares of the Internet company based in Singapore’s stock worth $57,000 after purchasing an additional 152 shares in the last quarter. Ballentine Partners LLC lifted its position in shares of SEA by 5.6% during the fourth quarter. Ballentine Partners LLC now owns 2,970 shares of the Internet company based in Singapore’s stock worth $315,000 after purchasing an additional 158 shares in the last quarter. Integrated Wealth Concepts LLC increased its stake in shares of SEA by 2.6% in the third quarter. Integrated Wealth Concepts LLC now owns 6,357 shares of the Internet company based in Singapore’s stock worth $599,000 after buying an additional 160 shares during the last quarter. Finally, Moseley Investment Management Inc. increased its stake in shares of SEA by 4.3% in the fourth quarter. Moseley Investment Management Inc. now owns 3,870 shares of the Internet company based in Singapore’s stock worth $411,000 after buying an additional 161 shares during the last quarter. 59.53% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SE has been the subject of several recent research reports. Phillip Securities reiterated a “reduce” rating and set a $100.00 target price (up previously from $80.00) on shares of SEA in a research note on Tuesday, November 19th. Dbs Bank raised shares of SEA from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 13th. Barclays upped their price target on shares of SEA from $94.00 to $131.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. Benchmark raised their target price on shares of SEA from $94.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $105.00 price objective (up previously from $84.00) on shares of SEA in a research note on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, SEA has an average rating of “Moderate Buy” and a consensus price target of $91.21.

SEA Stock Up 1.2 %

NYSE:SE opened at $134.72 on Friday. The firm’s 50 day simple moving average is $115.44 and its 200 day simple moving average is $99.53. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.62 and a quick ratio of 1.60. Sea Limited has a one year low of $43.10 and a one year high of $135.06. The company has a market cap of $77.10 billion, a PE ratio of 898.11 and a beta of 1.55.

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

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.