Polymer Capital Management HK LTD Lowers Holdings in Sea Limited (NYSE:SE)

Polymer Capital Management HK LTD decreased its stake in shares of Sea Limited (NYSE:SE - Free Report) by 61.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 21,300 shares of the Internet company based in Singapore's stock after selling 33,420 shares during the period. Polymer Capital Management HK LTD's holdings in SEA were worth $2,260,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Private Trust Co. NA lifted its position in shares of SEA by 474.4% during the 4th 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 during the period. Kestra Investment Management LLC acquired a new position in shares of SEA in the 4th quarter valued at approximately $34,000. Farther Finance Advisors LLC lifted 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 worth $39,000 after acquiring an additional 112 shares during the period. Huntington National Bank boosted its position in shares of SEA by 783.6% during the 4th quarter. Huntington National Bank now owns 486 shares of the Internet company based in Singapore's stock worth $52,000 after acquiring an additional 431 shares in the last quarter. Finally, Geneos Wealth Management Inc. increased its stake in 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 acquiring an additional 513 shares during the last quarter. Institutional investors and hedge funds own 59.53% of the company's stock.

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Wall Street Analyst Weigh In

Several research firms recently weighed in on SE. Arete Research raised SEA to a "strong-buy" rating in a research note on Sunday, March 23rd. Phillip Securities raised shares of SEA from a "moderate sell" rating to a "hold" rating in a report on Friday, March 7th. Sanford C. Bernstein set a $145.00 price objective on shares of SEA and gave the company an "outperform" rating in a research note on Wednesday, March 5th. Loop Capital raised their target price on shares of SEA from $135.00 to $165.00 and gave the company a "buy" rating in a research report on Monday, March 31st. Finally, Barclays upped their price target on shares of SEA from $148.00 to $182.00 and gave the stock an "overweight" rating in a report on Friday, March 7th. Three research 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 company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $121.40.

SEA Stock Performance

NYSE SE traded up $2.45 during trading on Friday, hitting $117.73. 2,559,420 shares of the company's stock traded hands, compared to its average volume of 4,712,128. 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 stock has a market capitalization of $67.38 billion, a price-to-earnings ratio of 782.12 and a beta of 1.73. Sea Limited has a 12-month low of $51.70 and a 12-month high of $147.73. The business has a 50 day moving average of $126.97 and a 200-day moving average of $113.90.

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.