Grantham Mayo Van Otterloo & Co. LLC Reduces Position in Sea Limited (NYSE:SE)

Grantham Mayo Van Otterloo & Co. LLC cut its position in Sea Limited (NYSE:SE - Free Report) by 51.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 50,407 shares of the Internet company based in Singapore's stock after selling 52,380 shares during the period. Grantham Mayo Van Otterloo & Co. LLC's holdings in SEA were worth $5,348,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SE. HighTower Advisors LLC boosted its position in shares of SEA by 160.3% during the third quarter. HighTower Advisors LLC now owns 38,836 shares of the Internet company based in Singapore's stock valued at $3,669,000 after buying an additional 23,914 shares during the last quarter. Janus Henderson Group PLC grew its stake in shares of SEA by 24.6% in 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 acquiring an additional 49,043 shares during the period. Integrated Wealth Concepts LLC raised its stake in SEA by 2.6% during 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 holdings in SEA by 32.1% in the third 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 during the period. Finally, Stifel Financial Corp grew its position in SEA by 132.8% during the third quarter. Stifel Financial Corp now owns 155,799 shares of the Internet company based in Singapore's stock valued at $14,689,000 after buying an additional 88,886 shares during the period. Institutional investors own 59.53% of the company's stock.

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SEA Stock Up 2.2 %

NYSE SE traded up $2.58 on Friday, hitting $117.86. The stock had a trading volume of 4,396,578 shares, compared to its average volume of 4,721,022. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.62 and a quick ratio of 1.60. The stock has a market cap of $67.46 billion, a price-to-earnings ratio of 785.73 and a beta of 1.73. Sea Limited has a 52-week low of $51.70 and a 52-week high of $147.73. The business's fifty day moving average price is $126.87 and its 200 day moving average price is $114.07.

Analysts Set New Price Targets

A number of research firms have recently weighed in on SE. UBS Group lifted their price objective 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 upgraded SEA from a "moderate sell" rating to a "hold" rating in a report on Friday, March 7th. Barclays upped their target price on shares of SEA from $148.00 to $182.00 and gave the company an "overweight" rating in a research report on Friday, March 7th. Jefferies Financial Group boosted their price objective on shares of SEA from $131.00 to $157.00 and gave the company a "buy" rating in a research report on Tuesday, March 4th. Finally, Sanford C. Bernstein set a $145.00 price target on SEA and gave the stock an "outperform" rating in a research note on Wednesday, March 5th. Three equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $121.40.

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.