Sea Limited (NYSE:SE) Stock Holdings Lessened by Long Corridor Asset Management Ltd

Long Corridor Asset Management Ltd trimmed its position in Sea Limited (NYSE:SE - Free Report) by 16.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,000 shares of the Internet company based in Singapore's stock after selling 10,000 shares during the period. SEA makes up approximately 4.0% of Long Corridor Asset Management Ltd's portfolio, making the stock its 7th biggest position. Long Corridor Asset Management Ltd's holdings in SEA were worth $5,305,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in SE. WCM Investment Management LLC grew its holdings in shares of SEA by 22.8% during the fourth 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 buying an additional 4,761,289 shares during the last quarter. Perpetual Ltd boosted its stake in SEA by 3,033.0% during the 4th quarter. Perpetual Ltd now owns 2,098,003 shares of the Internet company based in Singapore's stock valued at $222,598,000 after purchasing an additional 2,031,038 shares during the last quarter. CoreView Capital Management Ltd boosted its stake in SEA by 341.1% during the 3rd quarter. CoreView Capital Management Ltd now owns 1,996,376 shares of the Internet company based in Singapore's stock valued at $188,218,000 after purchasing an additional 1,543,743 shares during the last quarter. Baillie Gifford & Co. increased its holdings in SEA by 3.5% during the 4th 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 purchasing an additional 1,390,531 shares in the last quarter. Finally, Ninety One UK Ltd raised its stake in shares of SEA by 1,673.2% in the fourth quarter. Ninety One UK Ltd now owns 1,243,888 shares of the Internet company based in Singapore's stock worth $131,977,000 after purchasing an additional 1,173,738 shares during the last quarter. 59.53% of the stock is owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on SE shares. Barclays upped their price target on SEA from $148.00 to $182.00 and gave the stock an "overweight" rating in a report on Friday, March 7th. JPMorgan Chase & Co. upped their target price on shares of SEA from $133.00 to $160.00 and gave the stock an "overweight" rating in a research note on Wednesday, March 5th. Benchmark raised 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. Sanford C. Bernstein set a $145.00 price objective on shares of SEA and gave the stock an "outperform" rating in a research report on Wednesday, March 5th. Finally, Phillip Securities upgraded shares of SEA from a "moderate sell" rating to a "hold" rating in a research note on Friday, March 7th. Three analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $116.67.

SEA Stock Performance

NYSE:SE traded down $2.61 on Friday, reaching $130.96. 3,271,184 shares of the company's stock were exchanged, compared to its average volume of 4,576,118. The firm has a market cap of $74.95 billion, a price-to-earnings ratio of 873.05 and a beta of 1.62. 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 fifty day simple moving average of $127.28 and a 200-day simple moving average of $111.49. Sea Limited has a 52 week low of $51.70 and a 52 week high of $147.73.

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.