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

Pictet Asset Management Holding SA boosted its position in shares of Sea Limited (NYSE:SE) by 6.3% in the fourth quarter, HoldingsChannel reports. The fund 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 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of SE. Baillie Gifford & Co. grew its stake in shares of SEA by 3.5% during the fourth quarter. Baillie Gifford & Co. now owns 40,954,549 shares of the Internet company based in Singapore’s stock worth $4,345,278,000 after acquiring an additional 1,390,531 shares during the last quarter. WCM Investment Management LLC increased its stake in 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 in the last quarter. Norges Bank purchased a new position in shares of SEA in the fourth quarter worth $1,493,682,000. Geode Capital Management LLC lifted its stake in shares of SEA by 4.2% during 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 buying an additional 124,433 shares during the period. Finally, William Blair Investment Management LLC grew its holdings in shares of SEA by 32.5% during the fourth quarter. William Blair Investment Management LLC now owns 2,233,158 shares of the Internet company based in Singapore’s stock valued at $236,928,000 after buying an additional 547,509 shares during the last quarter. 59.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on SE. Jefferies Financial Group lifted their price target on SEA from $131.00 to $157.00 and gave the stock a “buy” rating in a research report on Tuesday, March 4th. Arete Research upgraded SEA to a “strong-buy” rating in a research report on Sunday, March 23rd. Benchmark raised their price target on shares of SEA from $130.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, March 5th. JPMorgan Chase & Co. upped their price objective on shares of SEA from $133.00 to $160.00 and gave the company an “overweight” rating in a report on Wednesday, March 5th. Finally, Barclays raised their target price on shares of SEA from $148.00 to $182.00 and gave the stock an “overweight” rating in a report on Friday, March 7th. Three investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $121.40.

SEA Price Performance

Shares of NYSE SE opened at $130.41 on Tuesday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.60 and a current ratio of 1.62. The firm has a fifty day moving average of $127.59 and a 200 day moving average of $112.08. The firm has a market cap of $74.64 billion, a PE ratio of 869.40 and a beta of 1.62. Sea Limited has a one year low of $51.70 and a one year 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.