Schroder Investment Management Group cut its holdings in Sea Limited (NYSE:SE - Free Report) by 93.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 419,923 shares of the Internet company based in Singapore's stock after selling 5,540,829 shares during the period. Schroder Investment Management Group owned about 0.07% of SEA worth $45,133,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Farther Finance Advisors LLC lifted its position in shares of SEA by 43.8% during the fourth quarter. Farther Finance Advisors LLC now owns 368 shares of the Internet company based in Singapore's stock worth $39,000 after purchasing an additional 112 shares during the last quarter. SOA Wealth Advisors LLC. lifted its position in SEA by 33.3% during the third quarter. SOA Wealth Advisors LLC. now owns 600 shares of the Internet company based in Singapore's stock valued at $57,000 after acquiring an additional 150 shares during the last quarter. TD Private Client Wealth LLC boosted its position in shares of SEA by 33.7% in the 3rd quarter. TD Private Client Wealth LLC now owns 603 shares of the Internet company based in Singapore's stock worth $57,000 after purchasing an additional 152 shares in the last quarter. Ballentine Partners LLC boosted its holdings in SEA by 5.6% in the fourth quarter. Ballentine Partners LLC now owns 2,970 shares of the Internet company based in Singapore's stock worth $315,000 after acquiring an additional 158 shares in the last quarter. Finally, Integrated Wealth Concepts LLC boosted its stake in SEA by 2.6% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 6,357 shares of the Internet company based in Singapore's stock worth $599,000 after purchasing an additional 160 shares in the last quarter. 59.53% of the stock is currently owned by hedge funds and other institutional investors.
SEA Trading Down 11.6 %
Shares of SEA stock traded down $13.87 during trading hours on Friday, hitting $106.18. The company's stock had a trading volume of 15,810,121 shares, compared to its average volume of 4,648,157. The firm has a fifty day moving average of $128.04 and a 200-day moving average of $113.06. 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 cap of $60.77 billion, a price-to-earnings ratio of 707.88 and a beta of 1.73. Sea Limited has a twelve month low of $51.70 and a twelve month high of $147.73.
Analyst Ratings Changes
SE has been the topic of several research analyst reports. UBS Group boosted their price target on SEA from $135.00 to $176.00 and gave the company a "buy" rating in a research note on Friday, March 7th. Loop Capital lifted their price objective on shares of SEA from $135.00 to $165.00 and gave the company a "buy" rating in a report on Monday, March 31st. JPMorgan Chase & Co. boosted their price objective on SEA from $133.00 to $160.00 and gave the company an "overweight" rating in a research report on Wednesday, March 5th. Phillip Securities upgraded shares of SEA from a "moderate sell" rating to a "hold" rating in a research report on Friday, March 7th. Finally, Jefferies Financial Group raised their price objective on SEA from $131.00 to $157.00 and gave the company a "buy" rating in a report on Tuesday, March 4th. Three investment 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. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $121.40.
Check Out Our Latest Analysis on SE
SEA Profile
(
Free Report)
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.
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