Swiss National Bank Lowers Stock Holdings in Sea Limited (NYSE:SE)

Swiss National Bank cut its holdings in Sea Limited (NYSE:SE - Free Report) by 2.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,136,300 shares of the Internet company based in Singapore's stock after selling 31,200 shares during the period. Swiss National Bank owned approximately 0.20% of SEA worth $46,020,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Sunbelt Securities Inc. increased its position in shares of SEA by 91.4% in the third quarter. Sunbelt Securities Inc. now owns 670 shares of the Internet company based in Singapore's stock valued at $29,000 after acquiring an additional 320 shares during the period. UMB Bank n.a. increased its position in shares of SEA by 70.9% in the fourth quarter. UMB Bank n.a. now owns 788 shares of the Internet company based in Singapore's stock valued at $32,000 after acquiring an additional 327 shares during the period. Blue Trust Inc. increased its position in shares of SEA by 152.4% in the fourth quarter. Blue Trust Inc. now owns 843 shares of the Internet company based in Singapore's stock valued at $36,000 after acquiring an additional 509 shares during the period. EverSource Wealth Advisors LLC increased its position in shares of SEA by 90.7% in the third quarter. EverSource Wealth Advisors LLC now owns 1,020 shares of the Internet company based in Singapore's stock valued at $45,000 after acquiring an additional 485 shares during the period. Finally, Harvest Fund Management Co. Ltd increased its position in shares of SEA by 20.2% in the third quarter. Harvest Fund Management Co. Ltd now owns 2,972 shares of the Internet company based in Singapore's stock valued at $131,000 after acquiring an additional 499 shares during the period. 59.53% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on SE shares. HSBC boosted their price objective on shares of SEA from $70.00 to $76.00 and gave the company a "buy" rating in a research report on Tuesday, March 5th. Wedbush boosted their price target on shares of SEA from $45.00 to $72.00 and gave the company an "outperform" rating in a research report on Tuesday, March 5th. JPMorgan Chase & Co. upgraded shares of SEA from a "neutral" rating to an "overweight" rating and boosted their price target for the company from $43.00 to $70.00 in a research report on Tuesday, March 5th. Benchmark reiterated a "buy" rating and set a $78.00 price target on shares of SEA in a research report on Monday. Finally, Sanford C. Bernstein boosted their price target on shares of SEA from $60.00 to $70.00 and gave the company an "outperform" rating in a research report on Thursday, March 14th. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $71.21.

SEA Stock Down 1.5 %

Shares of NYSE SE traded down $0.98 during midday trading on Tuesday, hitting $65.15. The stock had a trading volume of 4,766,414 shares, compared to its average volume of 6,482,961. The business's 50 day moving average is $57.33 and its 200-day moving average is $46.14. The company has a market cap of $36.79 billion, a P/E ratio of 271.46 and a beta of 1.43. Sea Limited has a 52 week low of $34.35 and a 52 week high of $88.39. 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 issued its 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 firm had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.57 billion. SEA had a return on equity of 2.54% and a net margin of 1.27%. The company's quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.72 EPS. As a group, analysts predict that Sea Limited will post 0.75 EPS for the current year.

SEA Company 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 promotes eSports operations.