Sea Limited (NYSE:SE) Shares Sold by Tekne Capital Management LLC

Tekne Capital Management LLC decreased its holdings in shares of Sea Limited (NYSE:SE - Free Report) by 7.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,684 shares of the Internet company based in Singapore's stock after selling 2,300 shares during the quarter. SEA comprises about 1.0% of Tekne Capital Management LLC's investment portfolio, making the stock its 7th largest position. Tekne Capital Management LLC's holdings in SEA were worth $2,831,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Baillie Gifford & Co. raised its position in SEA by 3.5% in 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 during the period. WCM Investment Management LLC lifted its stake in shares of SEA by 22.8% during the 4th quarter. WCM Investment Management LLC now owns 25,663,667 shares of the Internet company based in Singapore's stock worth $2,758,331,000 after acquiring an additional 4,761,289 shares during the last quarter. Norges Bank purchased a new position in SEA during the 4th quarter valued at $1,493,682,000. Geode Capital Management LLC increased its stake in SEA by 4.6% in the fourth quarter. Geode Capital Management LLC now owns 3,201,601 shares of the Internet company based in Singapore's stock worth $335,084,000 after purchasing an additional 142,080 shares during the period. Finally, FIL Ltd lifted its position in shares of SEA by 46.9% during the fourth quarter. FIL Ltd now owns 2,631,081 shares of the Internet company based in Singapore's stock worth $279,158,000 after purchasing an additional 840,550 shares during the last quarter. Institutional investors own 59.53% of the company's stock.

SEA Stock Up 1.9 %

NYSE:SE traded up $2.24 during mid-day trading on Friday, hitting $120.97. 3,672,823 shares of the company's stock traded hands, compared to its average volume of 4,680,715. 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 company has a market capitalization of $69.24 billion, a P/E ratio of 806.49 and a beta of 1.73. The company has a fifty day moving average of $126.58 and a 200 day moving average of $114.63. Sea Limited has a twelve month low of $54.82 and a twelve month high of $147.73.

Analysts Set New Price Targets

Several research firms recently commented on SE. Arete Research raised shares of SEA to a "strong-buy" rating in a research note on Sunday, March 23rd. Sanford C. Bernstein set a $145.00 price target on shares of SEA and gave the company an "outperform" rating in a research note on Wednesday, March 5th. Barclays raised their price objective on SEA from $148.00 to $182.00 and gave the stock an "overweight" rating in a report on Friday, March 7th. Loop Capital upped their target price on SEA from $135.00 to $165.00 and gave the stock a "buy" rating in a report on Monday, March 31st. Finally, Phillip Securities upgraded SEA from a "moderate sell" rating to a "hold" rating in a research note on Friday, March 7th. Four research analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, SEA has an average rating of "Moderate Buy" and a consensus price target of $121.73.

SEA Company 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.