Zurich Insurance Group Ltd FI Takes $17.92 Million Position in Sea Limited (NYSE:SE)

Zurich Insurance Group Ltd FI bought a new stake in Sea Limited (NYSE:SE - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 168,933 shares of the Internet company based in Singapore's stock, valued at approximately $17,924,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Perpetual Ltd boosted its stake in shares of SEA by 3,033.0% in the fourth quarter. Perpetual Ltd now owns 2,098,003 shares of the Internet company based in Singapore's stock valued at $222,598,000 after buying an additional 2,031,038 shares during the period. Ninety One UK Ltd boosted its stake in shares of SEA by 1,673.2% in the fourth quarter. Ninety One UK Ltd now owns 1,243,888 shares of the Internet company based in Singapore's stock valued at $131,977,000 after buying an additional 1,173,738 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of SEA by 7.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 291,158 shares of the Internet company based in Singapore's stock valued at $30,892,000 after buying an additional 19,411 shares during the period. Nisa Investment Advisors LLC boosted its stake in shares of SEA by 95.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 12,558 shares of the Internet company based in Singapore's stock valued at $1,332,000 after buying an additional 6,140 shares during the period. Finally, Diversify Advisory Services LLC bought a new stake in shares of SEA in the fourth quarter valued at approximately $287,000. Institutional investors and hedge funds own 59.53% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on SE shares. Arete Research upgraded SEA to a "strong-buy" rating in a research note on Sunday, March 23rd. Barclays upped their target price on SEA from $182.00 to $200.00 and gave the stock an "overweight" rating in a research note on Thursday, May 15th. JPMorgan Chase & Co. upgraded SEA from a "neutral" rating to an "overweight" rating and upped their target price for the stock from $135.00 to $190.00 in a research note on Tuesday, May 13th. Jefferies Financial Group upped their target price on SEA from $131.00 to $157.00 and gave the stock a "buy" rating in a research note on Tuesday, March 4th. Finally, UBS Group upped their target price on SEA from $135.00 to $176.00 and gave the stock a "buy" rating in a research note on Friday, March 7th. Three research analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $145.23.

SEA Stock Performance

Shares of SEA stock opened at $162.44 on Wednesday. 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 business has a 50-day moving average price of $130.74 and a two-hundred day moving average price of $121.60. Sea Limited has a 1-year low of $55.00 and a 1-year high of $165.31. The company has a market cap of $95.70 billion, a P/E ratio of 1,082.93 and a beta of 1.70.

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 earnings per share for the quarter, missing analysts' consensus estimates of $0.93 by ($0.28). SEA had a return on equity of 1.40% and a net margin of 0.64%. The business had revenue of $4.84 billion for the quarter, compared to analyst estimates of $4.90 billion. During the same quarter in the previous year, the business posted ($0.04) earnings per share. The business's revenue was up 29.6% on a year-over-year basis. As a group, analysts anticipate that Sea Limited will post 0.74 EPS 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.

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