Fmr LLC Sells 3,415,129 Shares of Sea Limited (NYSE:SE)

FMR LLC cut its holdings in shares of Sea Limited (NYSE:SE - Free Report) by 23.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,187,792 shares of the Internet company based in Singapore's stock after selling 3,415,129 shares during the period. FMR LLC owned approximately 1.95% of SEA worth $1,187,025,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SE. HighTower Advisors LLC increased its holdings in SEA by 160.3% during the 3rd quarter. HighTower Advisors LLC now owns 38,836 shares of the Internet company based in Singapore's stock worth $3,669,000 after purchasing an additional 23,914 shares in the last quarter. Janus Henderson Group PLC grew its holdings in shares of SEA by 24.6% during the third quarter. Janus Henderson Group PLC now owns 248,629 shares of the Internet company based in Singapore's stock worth $23,437,000 after buying an additional 49,043 shares in the last quarter. Integrated Wealth Concepts LLC raised its position in SEA by 2.6% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 6,357 shares of the Internet company based in Singapore's stock valued at $599,000 after buying an additional 160 shares during the last quarter. Quantinno Capital Management LP lifted its stake in SEA by 32.1% in the 3rd quarter. Quantinno Capital Management LP now owns 12,458 shares of the Internet company based in Singapore's stock valued at $1,175,000 after acquiring an additional 3,026 shares in the last quarter. Finally, Stifel Financial Corp boosted its position in SEA by 132.8% during the 3rd quarter. Stifel Financial Corp now owns 155,799 shares of the Internet company based in Singapore's stock worth $14,689,000 after acquiring an additional 88,886 shares during the last quarter. 59.53% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

A number of research firms have recently issued reports on SE. Loop Capital lifted their price objective on shares of SEA from $135.00 to $165.00 and gave the company a "buy" rating in a report on Monday, March 31st. Arete Research upgraded shares of SEA to a "strong-buy" rating in a research note on Sunday, March 23rd. UBS Group lifted their target price on SEA from $135.00 to $176.00 and gave the company a "buy" rating in a research report on Friday, March 7th. Phillip Securities raised SEA from a "moderate sell" rating to a "hold" rating in a research report on Friday, March 7th. Finally, Benchmark upped their price objective on SEA from $130.00 to $150.00 and gave the stock a "buy" rating in a research note on Wednesday, March 5th. Three analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $121.40.

SEA Stock Performance

Shares of SE traded up $2.58 during midday trading on Friday, reaching $117.86. 4,396,578 shares of the stock were exchanged, compared to its average volume of 4,721,022. 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's 50 day simple moving average is $126.87 and its 200 day simple moving average is $114.07. 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 $67.46 billion, a P/E ratio of 785.73 and a beta of 1.73.

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.