Zurcher Kantonalbank Zurich Cantonalbank Sells 478,551 Shares of Sea Limited (NYSE:SE)

Zurcher Kantonalbank Zurich Cantonalbank lessened its stake in Sea Limited (NYSE:SE - Free Report) by 82.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 105,346 shares of the Internet company based in Singapore's stock after selling 478,551 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank's holdings in SEA were worth $4,267,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also modified their holdings of the business. CWM LLC lifted its position in shares of SEA by 162.5% during the 3rd quarter. CWM LLC now owns 4,307 shares of the Internet company based in Singapore's stock valued at $189,000 after buying an additional 2,666 shares in the last quarter. IFP Advisors Inc boosted its stake in shares of SEA by 42.7% in the 3rd quarter. IFP Advisors Inc now owns 2,185 shares of the Internet company based in Singapore's stock valued at $96,000 after buying an additional 654 shares during the period. Summit Global Investments purchased a new position in shares of SEA in the 3rd quarter valued at about $371,000. BSN CAPITAL PARTNERS Ltd purchased a new stake in SEA during the third quarter worth approximately $18,560,000. Finally, Bellecapital International Ltd. lifted its stake in SEA by 17.8% during the third quarter. Bellecapital International Ltd. now owns 9,927 shares of the Internet company based in Singapore's stock worth $436,000 after purchasing an additional 1,500 shares during the last quarter. Hedge funds and other institutional investors own 59.53% of the company's stock.

Analysts Set New Price Targets

Several research analysts have commented on SE shares. Wedbush lifted their price target on SEA from $45.00 to $72.00 and gave the stock an "outperform" rating in a research report on Tuesday, March 5th. JPMorgan Chase & Co. upgraded SEA from a "neutral" rating to an "overweight" rating and upped their price objective for the company from $43.00 to $70.00 in a research report on Tuesday, March 5th. Benchmark upped their target price on SEA from $65.00 to $78.00 and gave the company a "buy" rating in a research note on Tuesday, March 5th. Morgan Stanley upgraded SEA from an "equal weight" rating to an "overweight" rating and increased their target price for the company from $65.00 to $70.00 in a research note on Monday. Finally, Sanford C. Bernstein increased their price target on SEA from $60.00 to $70.00 and gave the company an "outperform" rating in a report on Thursday, March 14th. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $68.31.

SEA Stock Performance

Shares of NYSE SE traded up $4.36 during mid-day trading on Monday, reaching $59.42. 11,957,971 shares of the company were exchanged, compared to its average volume of 6,572,761. Sea Limited has a twelve month low of $34.35 and a twelve month high of $88.39. The stock has a market capitalization of $33.56 billion, a P/E ratio of 247.58 and a beta of 1.50. The company's 50-day simple moving average is $53.04 and its 200-day simple moving average is $44.65. The company has a quick ratio of 1.43, a current ratio of 1.44 and a debt-to-equity ratio of 0.46.

SEA (NYSE:SE - Get Free Report) last announced its quarterly earnings results on Monday, March 4th. The Internet company based in Singapore reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.13). The company had revenue of $3.62 billion for the quarter, compared to the consensus estimate of $3.57 billion. SEA had a net margin of 1.27% and a return on equity of 2.54%. The company's revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period last year, the firm posted $0.72 earnings per share. As a group, research analysts predict that Sea Limited will post 1.01 earnings per share for the current year.

SEA Profile

Sea Limited, together with its subsidiaries, engages in the digital entertainment, e-commerce, and digital financial service businesses in Southeast Asia, Latin America, rest of Asia, and internationally. It offers Garena digital entertainment platform for users to access mobile and PC online games, as well as eSports operations.