Price T Rowe Associates Inc. MD Decreases Stock Holdings in Sea Limited (NYSE:SE)

Price T Rowe Associates Inc. MD lessened its stake in shares of Sea Limited (NYSE:SE - Free Report) by 9.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,278,808 shares of the Internet company based in Singapore's stock after selling 874,778 shares during the period. Price T Rowe Associates Inc. MD owned 1.45% of SEA worth $878,383,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Quantessence Capital LLC bought a new stake in SEA in the 4th quarter worth approximately $1,112,000. SIH Partners LLLP bought a new stake in SEA in the 4th quarter worth approximately $5,440,000. J. Safra Sarasin Holding AG bought a new stake in SEA in the 4th quarter worth approximately $517,000. Stifel Financial Corp increased its position in shares of SEA by 48.3% during the 4th quarter. Stifel Financial Corp now owns 231,012 shares of the Internet company based in Singapore's stock valued at $24,510,000 after purchasing an additional 75,213 shares during the last quarter. Finally, OneDigital Investment Advisors LLC increased its position in shares of SEA by 120.5% during the 4th quarter. OneDigital Investment Advisors LLC now owns 13,646 shares of the Internet company based in Singapore's stock valued at $1,448,000 after purchasing an additional 7,456 shares during the last quarter. Hedge funds and other institutional investors own 59.53% of the company's stock.

Analysts Set New Price Targets

SE has been the topic of several analyst reports. Wedbush reissued an "outperform" rating and set a $135.00 target price on shares of SEA in a research report on Tuesday, April 15th. Barclays boosted their target price on SEA from $148.00 to $182.00 and gave the company an "overweight" rating in a research report on Friday, March 7th. Loop Capital boosted their target price on SEA from $135.00 to $165.00 and gave the company a "buy" rating in a research report on Monday, March 31st. Jefferies Financial Group boosted their target price on SEA from $131.00 to $157.00 and gave the company a "buy" rating in a research report on Tuesday, March 4th. Finally, Phillip Securities raised SEA from a "moderate sell" rating to a "hold" rating in a research report on Friday, March 7th. Four equities research analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $125.43.

SEA Stock Up 0.6 %

Shares of SE stock traded up $0.82 during mid-day trading on Tuesday, hitting $131.10. The stock had a trading volume of 951,617 shares, compared to its average volume of 4,592,496. Sea Limited has a 12-month low of $55.00 and a 12-month high of $147.73. The firm has a market capitalization of $75.03 billion, a P/E ratio of 874.15 and a beta of 1.73. The firm's 50-day moving average is $125.00 and its two-hundred day moving average is $116.18. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.62 and a quick ratio of 1.60.

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.