Bank Pictet & Cie Europe AG Purchases 10,923 Shares of Sea Limited (NYSE:SE)

Bank Pictet & Cie Europe AG boosted its position in Sea Limited (NYSE:SE) by 78.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,843 shares of the Internet company based in Singapore’s stock after buying an additional 10,923 shares during the quarter. Bank Pictet & Cie Europe AG’s holdings in SEA were worth $2,342,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Sequoia Financial Advisors LLC boosted its stake in shares of SEA by 6.2% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 3,081 shares of the Internet company based in Singapore’s stock valued at $290,000 after purchasing an additional 180 shares in the last quarter. Canton Hathaway LLC boosted its position in SEA by 20.0% during the second quarter. Canton Hathaway LLC now owns 1,200 shares of the Internet company based in Singapore’s stock valued at $86,000 after buying an additional 200 shares during the period. Gulf International Bank UK Ltd grew its stake in shares of SEA by 0.7% during the second quarter. Gulf International Bank UK Ltd now owns 28,958 shares of the Internet company based in Singapore’s stock valued at $2,068,000 after buying an additional 213 shares during the last quarter. Parallel Advisors LLC increased its holdings in shares of SEA by 5.2% in the second quarter. Parallel Advisors LLC now owns 5,063 shares of the Internet company based in Singapore’s stock worth $362,000 after buying an additional 250 shares during the period. Finally, Hexagon Capital Partners LLC lifted its stake in shares of SEA by 63.1% in the 2nd quarter. Hexagon Capital Partners LLC now owns 654 shares of the Internet company based in Singapore’s stock valued at $47,000 after acquiring an additional 253 shares during the last quarter. 59.53% of the stock is currently owned by institutional investors.

SEA Stock Up 0.5 %

Shares of NYSE:SE opened at $99.60 on Wednesday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.48 and a current ratio of 1.49. Sea Limited has a 52-week low of $34.35 and a 52-week high of $101.60. The firm has a market capitalization of $57.01 billion, a P/E ratio of -284.57 and a beta of 1.52. The stock has a 50 day moving average price of $87.28 and a 200-day moving average price of $74.51.

SEA (NYSE:SE) last posted its quarterly earnings data on Tuesday, August 13th. The Internet company based in Singapore reported $0.14 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.45). SEA had a negative return on equity of 2.92% and a negative net margin of 1.36%. The business had revenue of $3.81 billion for the quarter, compared to the consensus estimate of $3.73 billion. During the same period in the previous year, the firm earned $0.54 EPS. The company’s revenue was up 23.0% on a year-over-year basis. As a group, equities research analysts anticipate that Sea Limited will post 0.64 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have commented on SE shares. Dbs Bank reaffirmed a “hold” rating and issued a $75.00 price target on shares of SEA in a research note on Friday, June 28th. Citigroup decreased their target price on shares of SEA from $81.00 to $80.00 and set a “buy” rating on the stock in a research note on Tuesday, July 23rd. Barclays upped their price target on shares of SEA from $87.00 to $94.00 and gave the company an “overweight” rating in a report on Thursday, August 15th. TD Cowen boosted their price objective on shares of SEA from $64.00 to $69.00 and gave the company a “hold” rating in a research report on Wednesday, August 14th. Finally, Bank of America upped their price objective on shares of SEA from $84.00 to $96.00 and gave the company a “buy” rating in a research note on Monday, September 23rd. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, SEA has an average rating of “Moderate Buy” and an average target price of $80.92.

SEA 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.