Swiss National Bank Sells 77,800 Shares of Sea Limited (NYSE:SE)

Swiss National Bank reduced its stake in Sea Limited (NYSE:SE - Free Report) by 7.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,022,000 shares of the Internet company based in Singapore's stock after selling 77,800 shares during the quarter. Swiss National Bank owned approximately 0.18% of SEA worth $108,434,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. 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. Truvestments Capital LLC bought a new stake in shares of SEA in the third quarter valued at approximately $41,000. Finally, Icon Wealth Advisors LLC acquired a new stake in shares of SEA in the third quarter worth $47,000. Institutional investors own 59.53% of the company's stock.

Analyst Ratings Changes

A number of analysts have weighed in on SE shares. UBS Group increased their price target on shares of SEA from $135.00 to $176.00 and gave the company a "buy" rating in a report on Friday, March 7th. Barclays boosted their price target on SEA from $148.00 to $182.00 and gave the company an "overweight" rating in a research note on Friday, March 7th. Phillip Securities upgraded SEA from a "moderate sell" rating to a "hold" rating in a research report on Friday, March 7th. Jefferies Financial Group boosted their price objective on SEA from $131.00 to $157.00 and gave the company a "buy" rating in a research report on Tuesday, March 4th. Finally, Benchmark raised their target price on SEA from $130.00 to $150.00 and gave the stock a "buy" rating in a research report on Wednesday, March 5th. Three investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, SEA has a consensus rating of "Moderate Buy" and a consensus target price of $116.67.

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SEA Price Performance

SEA stock traded up $1.35 during trading hours on Wednesday, hitting $126.48. 3,922,434 shares of the stock were exchanged, compared to its average volume of 4,424,900. The stock has a market capitalization of $72.39 billion, a P/E ratio of 843.17 and a beta of 1.61. The business's 50-day moving average is $124.24 and its two-hundred day moving average is $108.83. 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 12 month low of $51.70 and a 12 month high of $147.73.

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.