Sea Limited (NYSE:SE) Shares Sold by Bank Pictet & Cie Europe AG

Bank Pictet & Cie Europe AG cut its position in Sea Limited (NYSE:SE - Free Report) by 19.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 20,045 shares of the Internet company based in Singapore's stock after selling 4,798 shares during the period. Bank Pictet & Cie Europe AG's holdings in SEA were worth $2,127,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SE. Baillie Gifford & Co. grew its position in shares of SEA by 15.5% during the third quarter. Baillie Gifford & Co. now owns 39,564,018 shares of the Internet company based in Singapore's stock worth $3,730,096,000 after purchasing an additional 5,295,590 shares in the last quarter. WCM Investment Management LLC increased its position in shares of SEA by 22.8% during the 4th quarter. WCM Investment Management LLC now owns 25,663,667 shares of the Internet company based in Singapore's stock valued at $2,758,331,000 after purchasing an additional 4,761,289 shares during the last quarter. Kaizen Investment Management Pte. Ltd. purchased a new stake in shares of SEA in the third quarter valued at $587,544,000. Geode Capital Management LLC lifted its stake in SEA by 4.2% in the third quarter. Geode Capital Management LLC now owns 3,059,521 shares of the Internet company based in Singapore's stock worth $283,543,000 after purchasing an additional 124,433 shares during the last quarter. Finally, Perpetual Ltd lifted its stake in shares of SEA by 3,033.0% during the 4th quarter. Perpetual Ltd now owns 2,098,003 shares of the Internet company based in Singapore's stock worth $222,598,000 after acquiring an additional 2,031,038 shares during the last quarter. Institutional investors own 59.53% of the company's stock.

SEA Stock Down 1.8 %

SE traded down $2.44 on Wednesday, hitting $136.18. 3,177,612 shares of the company were exchanged, compared to its average volume of 3,578,432. The firm has a 50-day moving average price of $116.79 and a two-hundred day moving average price of $101.30. The company has a current ratio of 1.62, a quick ratio of 1.60 and a debt-to-equity ratio of 0.36. Sea Limited has a twelve month low of $43.27 and a twelve month high of $139.18. The company has a market cap of $77.94 billion, a price-to-earnings ratio of 907.85 and a beta of 1.55.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on SE. Dbs Bank raised shares of SEA from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, November 13th. Wedbush reaffirmed an "outperform" rating and set a $105.00 target price (up from $84.00) on shares of SEA in a research report on Monday, November 4th. Phillip Securities reissued a "reduce" rating and set a $100.00 price target (up previously from $80.00) on shares of SEA in a research report on Tuesday, November 19th. Barclays raised their price target on SEA from $94.00 to $131.00 and gave the company an "overweight" rating in a research note on Thursday, November 14th. Finally, Benchmark upped their price objective on shares of SEA from $94.00 to $130.00 and gave the stock a "buy" rating in a research note on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, two have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $91.21.

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.