Pictet Asset Management Holding SA Acquires 14,925 Shares of Sea Limited (NYSE:SE)

Pictet Asset Management Holding SA boosted its stake in shares of Sea Limited (NYSE:SE - Free Report) by 6.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 252,926 shares of the Internet company based in Singapore's stock after purchasing an additional 14,925 shares during the quarter. Pictet Asset Management Holding SA's holdings in SEA were worth $26,835,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Private Trust Co. NA lifted its position in shares of SEA by 474.4% during the 4th quarter. Private Trust Co. NA now owns 247 shares of the Internet company based in Singapore's stock worth $26,000 after purchasing an additional 204 shares during the last quarter. Kestra Investment Management LLC bought a new position in SEA in the 4th quarter worth approximately $34,000. Farther Finance Advisors LLC lifted its holdings in shares of SEA by 43.8% during the fourth quarter. Farther Finance Advisors LLC now owns 368 shares of the Internet company based in Singapore's stock worth $39,000 after buying an additional 112 shares during the last quarter. Geneos Wealth Management Inc. boosted its position in shares of SEA by 4,663.6% in the fourth quarter. Geneos Wealth Management Inc. now owns 524 shares of the Internet company based in Singapore's stock valued at $56,000 after acquiring an additional 513 shares during the period. Finally, SOA Wealth Advisors LLC. grew its stake in shares of SEA by 33.3% in the third quarter. SOA Wealth Advisors LLC. now owns 600 shares of the Internet company based in Singapore's stock worth $57,000 after acquiring an additional 150 shares during the last quarter. Institutional investors and hedge funds own 59.53% of the company's stock.

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SEA Price Performance

Shares of NYSE:SE traded down $13.87 on Friday, hitting $106.18. The stock had a trading volume of 15,810,121 shares, compared to its average volume of 4,648,157. The firm's 50 day moving average price is $128.04 and its 200-day moving average price is $113.06. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.60 and a current ratio of 1.62. Sea Limited has a twelve month low of $51.70 and a twelve month high of $147.73. The company has a market capitalization of $60.77 billion, a price-to-earnings ratio of 707.88 and a beta of 1.73.

Analyst Upgrades and Downgrades

Several research firms recently commented on SE. Jefferies Financial Group upped their target price on shares of SEA from $131.00 to $157.00 and gave the company a "buy" rating in a research note on Tuesday, March 4th. Sanford C. Bernstein set a $145.00 price objective on shares of SEA and gave the company an "outperform" rating in a research report on Wednesday, March 5th. JPMorgan Chase & Co. lifted their target price on SEA from $133.00 to $160.00 and gave the stock an "overweight" rating in a research report on Wednesday, March 5th. Loop Capital boosted their price target on SEA from $135.00 to $165.00 and gave the company a "buy" rating in a research note on Monday, March 31st. Finally, UBS Group raised their price objective on SEA from $135.00 to $176.00 and gave the stock a "buy" rating in a research report on Friday, March 7th. Three equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $121.40.

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.