Sea Limited Sponsored ADR (NYSE:SE) Shares Purchased by Banque Pictet & Cie SA

Banque Pictet & Cie SA lifted its position in shares of Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 619.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 120,202 shares of the Internet company based in Singapore's stock after acquiring an additional 103,486 shares during the quarter. Banque Pictet & Cie SA's holdings in SEA were worth $15,685,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank acquired a new position in shares of SEA during the fourth quarter worth about $1,493,682,000. Capital Research Global Investors increased its stake in shares of SEA by 19.5% during 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 during the period. Geode Capital Management LLC increased its stake in shares of SEA by 4.6% during the fourth quarter. Geode Capital Management LLC now owns 3,201,601 shares of the Internet company based in Singapore's stock worth $335,084,000 after acquiring an additional 142,080 shares during the period. Northern Trust Corp increased its stake in shares of SEA by 12.6% during the fourth quarter. Northern Trust Corp now owns 2,946,347 shares of the Internet company based in Singapore's stock worth $312,607,000 after acquiring an additional 329,881 shares during the period. Finally, FIL Ltd boosted its holdings in SEA by 46.9% during 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 buying an additional 840,550 shares in the last quarter. 59.53% of the stock is currently owned by institutional investors and hedge funds.

SEA Trading Down 0.8%

Shares of SE traded down $1.24 on Friday, hitting $148.16. 2,875,024 shares of the stock traded hands, compared to its average volume of 4,356,027. The company has a quick ratio of 1.49, a current ratio of 1.51 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $87.28 billion, a P/E ratio of 104.34 and a beta of 1.60. The stock's 50 day moving average is $156.46 and its two-hundred day moving average is $134.23. Sea Limited Sponsored ADR has a 1 year low of $55.00 and a 1 year high of $172.65.

SEA (NYSE:SE - Get Free Report) last announced its quarterly earnings data on Tuesday, May 13th. The Internet company based in Singapore reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.93 by ($0.28). The firm had revenue of $4.84 billion for the quarter, compared to analysts' expectations of $4.90 billion. SEA had a net margin of 4.87% and a return on equity of 10.74%. The business's quarterly revenue was up 29.6% on a year-over-year basis. During the same period in the previous year, the company posted ($0.04) EPS. As a group, sell-side analysts predict that Sea Limited Sponsored ADR will post 0.74 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Wedbush reissued an "outperform" rating on shares of SEA in a report on Wednesday, May 14th. Arete Research raised shares of SEA to a "strong-buy" rating in a report on Sunday, March 23rd. Bank of America downgraded shares of SEA from a "buy" rating to a "neutral" rating and set a $160.00 price objective on the stock. in a report on Friday, May 9th. Benchmark boosted their price objective on shares of SEA from $150.00 to $180.00 and gave the stock a "buy" rating in a report on Wednesday, May 14th. Finally, Wall Street Zen downgraded shares of SEA from a "buy" rating to a "hold" rating in a report on Saturday. Four analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, SEA has a consensus rating of "Moderate Buy" and a consensus target price of $153.17.

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.