Sea Limited (NYSE:SE) Shares Sold by Clearbridge Investments LLC

Clearbridge Investments LLC reduced its holdings in Sea Limited (NYSE:SE - Free Report) by 3.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,509,363 shares of the Internet company based in Singapore's stock after selling 77,026 shares during the quarter. Clearbridge Investments LLC owned about 0.44% of SEA worth $266,243,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Norges Bank purchased a new stake in shares of SEA during the fourth quarter valued at approximately $1,493,682,000. WCM Investment Management LLC raised its position in shares of 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 during the period. Perpetual Ltd boosted its stake in shares of SEA by 3,033.0% in the fourth quarter. Perpetual Ltd now owns 2,098,003 shares of the Internet company based in Singapore's stock worth $222,598,000 after acquiring an additional 2,031,038 shares during the period. CoreView Capital Management Ltd boosted its position in shares of SEA by 341.1% during the third quarter. CoreView Capital Management Ltd now owns 1,996,376 shares of the Internet company based in Singapore's stock worth $188,218,000 after acquiring an additional 1,543,743 shares during the last quarter. Finally, Baillie Gifford & Co. lifted its position in shares of SEA by 3.5% in 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 buying an additional 1,390,531 shares in the last quarter. 59.53% of the stock is owned by institutional investors.

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Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. increased their target price on shares of SEA from $133.00 to $160.00 and gave the company an "overweight" rating in a research note on Wednesday, March 5th. Phillip Securities raised SEA from a "moderate sell" rating to a "hold" rating in a research report on Friday, March 7th. Arete Research upgraded SEA to a "strong-buy" rating in a research note on Sunday, March 23rd. Barclays lifted their price objective on SEA from $148.00 to $182.00 and gave the company an "overweight" rating in a research note on Friday, March 7th. Finally, Benchmark upped their price target on SEA from $130.00 to $150.00 and gave the stock a "buy" rating in a report on Wednesday, March 5th. Three 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, SEA presently has a consensus rating of "Moderate Buy" and a consensus target price of $121.40.

SEA Stock Up 1.6 %

SEA stock traded up $2.12 during mid-day trading on Tuesday, reaching $132.61. 5,168,265 shares of the company's stock were exchanged, 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. Sea Limited has a twelve month low of $51.70 and a twelve month high of $147.73. The company has a market cap of $75.90 billion, a P/E ratio of 884.09 and a beta of 1.62. The company has a fifty day moving average of $127.88 and a 200-day moving average of $112.45.

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.