Bank Pictet & Cie Europe AG Has $4.23 Million Stock Holdings in Sea Limited (NYSE:SE)

Bank Pictet & Cie Europe AG lifted its holdings in shares of Sea Limited (NYSE:SE - Free Report) by 61.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,391 shares of the Internet company based in Singapore's stock after purchasing an additional 12,346 shares during the period. Bank Pictet & Cie Europe AG's holdings in SEA were worth $4,227,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in SE. Norges Bank bought a new stake in shares of SEA during the 4th quarter valued at about $1,493,682,000. Baillie Gifford & Co. boosted its position in shares of SEA by 3.5% during the 4th quarter. Baillie Gifford & Co. now owns 40,954,549 shares of the Internet company based in Singapore's stock valued at $4,345,278,000 after purchasing an additional 1,390,531 shares in the last quarter. Capital Research Global Investors boosted its holdings in SEA by 19.5% in the fourth quarter. Capital Research Global Investors now owns 8,126,064 shares of the Internet company based in Singapore's stock worth $862,175,000 after acquiring an additional 1,325,183 shares in the last quarter. FIL Ltd boosted its holdings in SEA by 46.9% in the fourth quarter. FIL Ltd now owns 2,631,081 shares of the Internet company based in Singapore's stock worth $279,158,000 after acquiring an additional 840,550 shares in the last quarter. Finally, Trivest Advisors Ltd boosted its holdings in SEA by 1,083.3% in the fourth quarter. Trivest Advisors Ltd now owns 710,000 shares of the Internet company based in Singapore's stock worth $75,331,000 after acquiring an additional 650,000 shares in the last quarter. Institutional investors own 59.53% of the company's stock.

Analyst Ratings Changes

Several brokerages have issued reports on SE. Benchmark increased their price target on SEA from $150.00 to $180.00 and gave the stock a "buy" rating in a report on Wednesday, May 14th. UBS Group increased their price target on SEA from $135.00 to $176.00 and gave the stock a "buy" rating in a report on Friday, March 7th. Arete Research upgraded SEA to a "strong-buy" rating in a report on Sunday, March 23rd. Bank of America lowered SEA from a "buy" rating to a "neutral" rating and set a $160.00 price target on the stock. in a report on Friday, May 9th. Finally, Sanford C. Bernstein reiterated an "outperform" rating and issued a $170.00 price target on shares of SEA in a report on Wednesday, May 14th. Three investment analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $147.15.

SEA Stock Performance

Shares of SE opened at $154.47 on Monday. The stock has a 50 day moving average of $144.15 and a 200 day moving average of $128.80. The company has a market capitalization of $91.00 billion, a price-to-earnings ratio of 1,029.79 and a beta of 1.64. Sea Limited has a 12 month low of $55.00 and a 12 month high of $172.65. The company has a current ratio of 1.62, a quick ratio of 1.60 and a debt-to-equity ratio of 0.36.

SEA (NYSE:SE - Get Free Report) last issued its quarterly earnings results on Tuesday, May 13th. The Internet company based in Singapore reported $0.65 EPS for the quarter, missing analysts' consensus estimates of $0.93 by ($0.28). The business had revenue of $4.84 billion for the quarter, compared to the consensus estimate of $4.90 billion. SEA had a return on equity of 1.40% and a net margin of 0.64%. The business's revenue was up 29.6% compared to the same quarter last year. During the same quarter last year, the business posted ($0.04) earnings per share. As a group, sell-side analysts forecast that Sea Limited will post 0.74 earnings per share for the current year.

About SEA

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.