Connor Clark & Lunn Investment Management Ltd. Sells 12,333 Shares of Sea Limited (NYSE:SE)

Connor Clark & Lunn Investment Management Ltd. decreased its position in shares of Sea Limited (NYSE:SE - Free Report) by 2.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 553,140 shares of the Internet company based in Singapore's stock after selling 12,333 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 0.10% of SEA worth $58,688,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Private Trust Co. NA boosted its stake in SEA by 474.4% in the fourth quarter. Private Trust Co. NA now owns 247 shares of the Internet company based in Singapore's stock valued at $26,000 after buying an additional 204 shares in the last quarter. Kestra Investment Management LLC acquired a new stake in shares of SEA in the 4th quarter valued at approximately $34,000. Farther Finance Advisors LLC grew its holdings 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 valued at $39,000 after purchasing an additional 112 shares during the last quarter. Truvestments Capital LLC bought a new stake in shares of SEA during the third quarter worth $41,000. Finally, Icon Wealth Advisors LLC bought a new position in SEA in the third quarter valued at about $47,000. 59.53% of the stock is currently owned by institutional investors and hedge funds.

SEA Stock Up 1.7 %

NYSE:SE traded up $2.13 during trading hours on Friday, reaching $126.94. The company had a trading volume of 2,351,773 shares, compared to its average volume of 4,435,706. Sea Limited has a twelve month low of $51.70 and a twelve month high of $147.73. 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 firm has a market cap of $72.65 billion, a price-to-earnings ratio of 845.23 and a beta of 1.62. The business's 50-day simple moving average is $122.96 and its two-hundred day simple moving average is $107.43.

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Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. JPMorgan Chase & Co. boosted their target price on shares of SEA from $133.00 to $160.00 and gave the stock an "overweight" rating in a report on Wednesday, March 5th. Phillip Securities raised shares of SEA from a "moderate sell" rating to a "hold" rating in a research note on Friday, March 7th. UBS Group raised their target price on SEA from $135.00 to $176.00 and gave the stock a "buy" rating in a research report on Friday, March 7th. Benchmark upped their price target on SEA from $130.00 to $150.00 and gave the company a "buy" rating in a research report on Wednesday, March 5th. Finally, Jefferies Financial Group raised their price objective on SEA from $131.00 to $157.00 and gave the stock a "buy" rating in a research report on Tuesday, March 4th. Three investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $116.67.

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.