Sea Limited (NYSE:SE) Shares Sold by Korea Investment CORP

Korea Investment CORP trimmed its holdings in shares of Sea Limited (NYSE:SE - Free Report) by 4.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 235,811 shares of the Internet company based in Singapore's stock after selling 10,313 shares during the period. Korea Investment CORP's holdings in SEA were worth $25,020,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Private Trust Co. NA boosted its holdings in shares of 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 acquiring an additional 204 shares in the last quarter. Kestra Investment Management LLC purchased a new position in shares of SEA during the 4th quarter worth approximately $34,000. Farther Finance Advisors LLC lifted its holdings in shares of SEA by 43.8% in 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 buying an additional 112 shares during the period. Geneos Wealth Management Inc. boosted its stake in shares of SEA by 4,663.6% in the fourth quarter. Geneos Wealth Management Inc. now owns 524 shares of the Internet company based in Singapore's stock valued at $56,000 after buying an additional 513 shares in the last quarter. Finally, TD Private Client Wealth LLC grew its holdings in SEA by 33.7% during the third quarter. TD Private Client Wealth LLC now owns 603 shares of the Internet company based in Singapore's stock worth $57,000 after acquiring an additional 152 shares during the period. 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 equities analysts have recently issued reports on SE shares. Phillip Securities upgraded shares of SEA from a "moderate sell" rating to a "hold" rating in a report on Friday, March 7th. Benchmark increased their price target on shares of SEA from $130.00 to $150.00 and gave the company a "buy" rating in a research report on Wednesday, March 5th. UBS Group increased their target price on SEA from $135.00 to $176.00 and gave the company a "buy" rating in a report on Friday, March 7th. Loop Capital lifted their price objective on SEA from $135.00 to $165.00 and gave the stock a "buy" rating in a research report on Monday. Finally, Sanford C. Bernstein set a $145.00 target price on shares of SEA and gave the company an "outperform" 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 issued a strong buy rating to the company's stock. According to data from MarketBeat.com, SEA currently has a consensus rating of "Moderate Buy" and a consensus price target of $121.40.

SEA Trading Up 1.8 %

Shares of SE traded up $2.45 during trading hours on Wednesday, hitting $134.91. The stock had a trading volume of 1,044,053 shares, compared to its average volume of 4,341,101. The company's fifty day simple moving average is $127.88 and its 200 day simple moving average is $112.45. Sea Limited has a 12-month low of $51.70 and a 12-month high of $147.73. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.60 and a current ratio of 1.62. The firm has a market cap of $77.21 billion, a P/E ratio of 899.40 and a beta of 1.62.

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.