Pictet & Cie Europe SA grew its holdings in shares of Sea Limited (NYSE:SE – Get Rating) by 15.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 15,968 shares of the Internet company based in Singapore’s stock after purchasing an additional 2,117 shares during the period. Pictet & Cie Europe SA’s holdings in SEA were worth $831,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of the company. Whittier Trust Co. of Nevada Inc. increased its stake in SEA by 107.1% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 580 shares of the Internet company based in Singapore’s stock worth $30,000 after purchasing an additional 300 shares in the last quarter. Wipfli Financial Advisors LLC purchased a new stake in shares of SEA during the 3rd quarter worth about $32,000. Tradition Wealth Management LLC lifted its holdings in shares of SEA by 50.4% during the 4th quarter. Tradition Wealth Management LLC now owns 812 shares of the Internet company based in Singapore’s stock valued at $42,000 after buying an additional 272 shares during the last quarter. CWM LLC grew its stake in shares of SEA by 26.3% in the 4th quarter. CWM LLC now owns 1,053 shares of the Internet company based in Singapore’s stock valued at $55,000 after buying an additional 219 shares in the last quarter. Finally, IFP Advisors Inc increased its holdings in SEA by 56.3% in the third quarter. IFP Advisors Inc now owns 2,247 shares of the Internet company based in Singapore’s stock worth $62,000 after buying an additional 809 shares during the last quarter. Institutional investors own 74.92% of the company’s stock.
SEA Stock Performance
SE opened at $78.41 on Friday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.81 and a current ratio of 1.83. Sea Limited has a 1-year low of $40.67 and a 1-year high of $93.70. The firm has a 50-day moving average price of $78.07 and a two-hundred day moving average price of $64.57.
SEA (NYSE:SE – Get Rating) last posted its quarterly earnings data on Tuesday, March 7th. The Internet company based in Singapore reported $0.72 earnings per share for the quarter, beating the consensus estimate of ($0.75) by $1.47. SEA had a negative net margin of 13.28% and a negative return on equity of 26.25%. The firm had revenue of $3.45 billion during the quarter, compared to analysts’ expectations of $3.05 billion. During the same quarter last year, the company posted ($1.12) EPS. The company’s quarterly revenue was up 7.1% compared to the same quarter last year. As a group, analysts expect that Sea Limited will post 2.22 earnings per share for the current year.
Wall Street Analyst Weigh In
Several analysts have commented on the stock. UBS Group downgraded shares of SEA from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $105.00 to $92.00 in a research report on Thursday, April 20th. Citigroup boosted their target price on shares of SEA from $105.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, March 8th. Loop Capital increased their price target on shares of SEA from $62.00 to $88.00 and gave the company a “hold” rating in a report on Thursday, April 13th. The Goldman Sachs Group raised shares of SEA from a “buy” rating to a “conviction-buy” rating in a report on Thursday, February 16th. Finally, Bank of America increased their price target on shares of SEA from $68.00 to $92.00 in a report on Thursday, March 9th. Seven investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, SEA has an average rating of “Moderate Buy” and a consensus price target of $96.39.
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.
See Also
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