Nikko Asset Management Americas Inc. Lowers Stock Holdings in Sea Limited (NYSE:SE)

Nikko Asset Management Americas Inc. trimmed its stake in shares of Sea Limited (NYSE:SE - Free Report) by 2.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 243,853 shares of the Internet company based in Singapore's stock after selling 5,428 shares during the quarter. Nikko Asset Management Americas Inc.'s holdings in SEA were worth $25,856,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also added to or reduced their stakes in SE. Farther Finance Advisors LLC boosted its stake in 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 valued at $39,000 after purchasing an additional 112 shares during the last quarter. SOA Wealth Advisors LLC. raised its position in SEA by 33.3% in the 3rd quarter. SOA Wealth Advisors LLC. now owns 600 shares of the Internet company based in Singapore's stock valued at $57,000 after buying an additional 150 shares during the last quarter. TD Private Client Wealth LLC lifted its stake in SEA by 33.7% during the 3rd quarter. TD Private Client Wealth LLC now owns 603 shares of the Internet company based in Singapore's stock valued at $57,000 after acquiring an additional 152 shares in the last quarter. Ballentine Partners LLC boosted its holdings in SEA by 5.6% during the 4th 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 during the last quarter. Finally, Integrated Wealth Concepts LLC grew its stake in shares of 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 acquiring an additional 160 shares in the last quarter. Institutional investors and hedge funds own 59.53% of the company's stock.

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SEA Price Performance

NYSE:SE traded down $1.08 during trading hours on Friday, hitting $126.01. 3,154,406 shares of the company's stock traded hands, compared to its average volume of 4,412,379. Sea Limited has a 52 week low of $51.70 and a 52 week high of $147.73. The business's fifty day simple moving average is $124.94 and its two-hundred day simple moving average is $109.07. The company has a quick ratio of 1.60, a current ratio of 1.62 and a debt-to-equity ratio of 0.36. The firm has a market cap of $72.12 billion, a P/E ratio of 840.04 and a beta of 1.61.

Analysts Set New Price Targets

A number of research firms recently weighed in on SE. UBS Group boosted their price target on shares of SEA from $135.00 to $176.00 and gave the stock a "buy" rating in a report on Friday, March 7th. JPMorgan Chase & Co. boosted their target price on shares of SEA from $133.00 to $160.00 and gave the company an "overweight" rating in a research note on Wednesday, March 5th. Benchmark lifted their price target on shares of SEA from $130.00 to $150.00 and gave the stock a "buy" rating in a report on Wednesday, March 5th. Jefferies Financial Group increased 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. Finally, Barclays raised their target price on SEA from $148.00 to $182.00 and gave the stock an "overweight" rating in a research report on Friday, March 7th. Three research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $116.67.

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.