Sea Limited (NYSE:SE) Shares Sold by AIA Group Ltd

AIA Group Ltd lowered its position in Sea Limited (NYSE:SE - Free Report) by 18.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 492,986 shares of the Internet company based in Singapore's stock after selling 111,697 shares during the period. SEA comprises approximately 1.3% of AIA Group Ltd's investment portfolio, making the stock its 17th biggest position. AIA Group Ltd owned approximately 0.09% of SEA worth $52,306,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Private Trust Co. NA raised its holdings in SEA by 474.4% in 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 period. Kestra Investment Management LLC acquired a new position in shares of SEA during the 4th quarter worth approximately $34,000. Farther Finance Advisors LLC raised its stake in shares of SEA by 43.8% during the 4th 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 period. Geneos Wealth Management Inc. lifted its position in shares of SEA by 4,663.6% during the 4th quarter. Geneos Wealth Management Inc. now owns 524 shares of the Internet company based in Singapore's stock valued at $56,000 after buying an additional 513 shares in the last quarter. Finally, TD Private Client Wealth LLC grew its stake in SEA by 33.7% in the 3rd quarter. TD Private Client Wealth LLC now owns 603 shares of the Internet company based in Singapore's stock valued at $57,000 after acquiring an additional 152 shares during the period. 59.53% of the stock is owned by hedge funds and other institutional investors.

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SEA Trading Up 1.6 %

Shares of SE traded up $2.12 during trading on Tuesday, reaching $132.61. 5,168,265 shares of the company traded hands, compared to its average volume of 4,578,900. 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 stock has a market cap of $75.90 billion, a PE ratio of 884.09 and a beta of 1.62. The stock has a 50-day simple moving average of $127.88 and a 200-day simple moving average of $112.45. Sea Limited has a twelve month low of $51.70 and a twelve month high of $147.73.

Analyst Ratings Changes

SE has been the subject of a number of research analyst reports. Benchmark increased their price objective on shares of SEA from $130.00 to $150.00 and gave the company a "buy" rating in a report on Wednesday, March 5th. Sanford C. Bernstein set a $145.00 price target on shares of SEA and gave the company an "outperform" rating in a research note on Wednesday, March 5th. Phillip Securities upgraded SEA from a "moderate sell" rating to a "hold" rating in a research note on Friday, March 7th. Arete Research upgraded SEA to a "strong-buy" rating in a research report on Sunday, March 23rd. Finally, JPMorgan Chase & Co. boosted their price target on SEA from $133.00 to $160.00 and gave the stock an "overweight" rating in a research report on Wednesday, March 5th. Three equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $121.40.

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.