Allspring Global Investments Holdings LLC Lowers Stock Holdings in Sea Limited (NYSE:SE)

Allspring Global Investments Holdings LLC cut its stake in Sea Limited (NYSE:SE - Free Report) by 4.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 655,420 shares of the Internet company based in Singapore's stock after selling 32,514 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.11% of SEA worth $68,734,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. SOA Wealth Advisors LLC. lifted its holdings in SEA by 33.3% in the third quarter. SOA Wealth Advisors LLC. now owns 600 shares of the Internet company based in Singapore's stock valued at $57,000 after acquiring an additional 150 shares during the last quarter. TD Private Client Wealth LLC lifted its holdings in SEA by 33.7% in the third 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 last quarter. Ballentine Partners LLC lifted its holdings in SEA by 5.6% in the fourth quarter. Ballentine Partners LLC now owns 2,970 shares of the Internet company based in Singapore's stock valued at $315,000 after acquiring an additional 158 shares during the last quarter. Integrated Wealth Concepts LLC lifted its holdings in SEA by 2.6% in the third quarter. Integrated Wealth Concepts LLC now owns 6,357 shares of the Internet company based in Singapore's stock valued at $599,000 after acquiring an additional 160 shares during the last quarter. Finally, Moseley Investment Management Inc. lifted its holdings in SEA by 4.3% in the fourth quarter. Moseley Investment Management Inc. now owns 3,870 shares of the Internet company based in Singapore's stock valued at $411,000 after acquiring an additional 161 shares during the last quarter. 59.53% of the stock is currently owned by hedge funds and other institutional investors.

SEA Stock Performance

Shares of SE traded up $1.59 during mid-day trading on Friday, hitting $134.72. 3,762,520 shares of the company's stock were exchanged, compared to its average volume of 3,200,215. Sea Limited has a fifty-two week low of $43.10 and a fifty-two week high of $135.06. The firm has a market capitalization of $77.10 billion, a P/E ratio of 898.11 and a beta of 1.55. The business's 50 day moving average is $115.44 and its two-hundred day moving average is $99.77. The company has a current ratio of 1.62, a quick ratio of 1.60 and a debt-to-equity ratio of 0.36.

Analyst Upgrades and Downgrades

SE has been the topic of a number of recent analyst reports. Barclays upped their price objective on SEA from $94.00 to $131.00 and gave the company an "overweight" rating in a report on Thursday, November 14th. Dbs Bank upgraded SEA from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, November 13th. Benchmark upped their price target on SEA from $94.00 to $130.00 and gave the stock a "buy" rating in a research note on Wednesday, November 13th. Phillip Securities restated a "reduce" rating and set a $100.00 price target (up from $80.00) on shares of SEA in a research note on Tuesday, November 19th. Finally, TD Cowen upped their price target on SEA from $69.00 to $100.00 and gave the stock a "hold" rating in a research note on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $91.21.

About SEA

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.