Swiss National Bank Sells 77,800 Shares of Sea Limited (NYSE:SE)

Swiss National Bank reduced its stake in Sea Limited (NYSE:SE) by 7.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,022,000 shares of the Internet company based in Singapore’s stock after selling 77,800 shares during the period. Swiss National Bank owned 0.18% of SEA worth $108,434,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Perpetual Ltd grew its stake in SEA by 3,033.0% in the 4th quarter. Perpetual Ltd now owns 2,098,003 shares of the Internet company based in Singapore’s stock worth $222,598,000 after acquiring an additional 2,031,038 shares in the last quarter. Ninety One UK Ltd grew its stake in SEA by 1,673.2% in the 4th quarter. Ninety One UK Ltd now owns 1,243,888 shares of the Internet company based in Singapore’s stock worth $131,977,000 after acquiring an additional 1,173,738 shares in the last quarter. M&T Bank Corp grew its stake in SEA by 2,163.9% in the 3rd quarter. M&T Bank Corp now owns 74,505 shares of the Internet company based in Singapore’s stock worth $7,024,000 after acquiring an additional 71,214 shares in the last quarter. Atria Investments Inc grew its stake in SEA by 262.5% in the 3rd quarter. Atria Investments Inc now owns 14,621 shares of the Internet company based in Singapore’s stock worth $1,378,000 after acquiring an additional 10,588 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in SEA by 322.8% in the 3rd quarter. PNC Financial Services Group Inc. now owns 37,327 shares of the Internet company based in Singapore’s stock worth $3,519,000 after acquiring an additional 28,499 shares in the last quarter. 59.53% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on SE shares. Phillip Securities raised shares of SEA from a “moderate sell” rating to a “hold” rating in a research report on Friday, March 7th. Sanford C. Bernstein set a $145.00 price target on shares of SEA and gave the stock an “outperform” rating in a research report on Wednesday, March 5th. Barclays upped their price target on shares of SEA from $148.00 to $182.00 and gave the stock an “overweight” rating in a research report on Friday, March 7th. JPMorgan Chase & Co. upped their price target on shares of SEA from $133.00 to $160.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 5th. Finally, Benchmark upped their price target on shares of SEA from $130.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, March 5th. Three investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, SEA presently has an average rating of “Moderate Buy” and an average price target of $116.67.

SEA Stock Up 1.9 %

NYSE:SE opened at $127.24 on Friday. The firm has a market capitalization of $72.83 billion, a P/E ratio of 848.29 and a beta of 1.62. Sea Limited has a 1-year low of $51.70 and a 1-year high of $147.73. The company’s fifty day moving average price is $122.96 and its 200-day moving average price is $107.43. 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 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.