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

Pictet Asset Management Holding SA grew its position in shares of Sea Limited (NYSE:SE) by 6.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 252,926 shares of the Internet company based in Singapore’s stock after acquiring 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 reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Charles Schwab Investment Management Inc. lifted its stake in shares of SEA by 9.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 271,747 shares of the Internet company based in Singapore’s stock valued at $25,620,000 after purchasing an additional 24,216 shares during the last quarter. Cerity Partners LLC raised its holdings in SEA by 128.4% during the 3rd quarter. Cerity Partners LLC now owns 19,842 shares of the Internet company based in Singapore’s stock valued at $1,871,000 after buying an additional 11,153 shares during the period. Townsquare Capital LLC lifted its position in SEA by 85.8% in the third quarter. Townsquare Capital LLC now owns 21,424 shares of the Internet company based in Singapore’s stock worth $2,020,000 after buying an additional 9,893 shares during the last quarter. Glenmede Trust Co. NA boosted its stake in SEA by 590.1% during the third quarter. Glenmede Trust Co. NA now owns 23,319 shares of the Internet company based in Singapore’s stock worth $2,199,000 after buying an additional 19,940 shares during the period. Finally, Captrust Financial Advisors increased its position in SEA by 319.5% during the third quarter. Captrust Financial Advisors now owns 31,396 shares of the Internet company based in Singapore’s stock valued at $2,960,000 after acquiring an additional 23,911 shares during the last quarter. 59.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

SE has been the subject of several analyst reports. Arete Research upgraded shares of SEA to a “strong-buy” rating in a report on Sunday, March 23rd. Jefferies Financial Group boosted their target price on SEA from $131.00 to $157.00 and gave the company a “buy” rating in a research report on Tuesday, March 4th. Loop Capital increased their price target on SEA from $135.00 to $165.00 and gave the stock a “buy” rating in a report on Monday. Sanford C. Bernstein set a $145.00 price objective on SEA and gave the company an “outperform” rating in a report on Wednesday, March 5th. Finally, Phillip Securities upgraded SEA from a “moderate sell” rating to a “hold” rating in a research note on Friday, March 7th. Three research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $121.40.

SEA Stock Performance

Shares of SE stock opened at $130.41 on Tuesday. The company’s 50 day moving average is $127.59 and its 200 day moving average is $112.08. The company has a quick ratio of 1.60, a current ratio of 1.62 and a debt-to-equity ratio of 0.36. The firm has a market cap of $74.64 billion, a price-to-earnings ratio of 869.40 and a beta of 1.62. Sea Limited has a 52-week low of $51.70 and a 52-week high of $147.73.

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.