Sea Limited (NYSE:SE) Stake Lessened by River Global Investors LLP

River Global Investors LLP reduced its stake in shares of Sea Limited (NYSE:SE - Free Report) by 44.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,020 shares of the Internet company based in Singapore's stock after selling 12,563 shares during the period. River Global Investors LLP's holdings in SEA were worth $1,699,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. PNC Financial Services Group Inc. lifted its holdings in SEA by 1.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 37,701 shares of the Internet company based in Singapore's stock valued at $4,000,000 after purchasing an additional 374 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of SEA during the fourth quarter valued at approximately $1,562,000. Mesirow Financial Investment Management Inc. boosted its position in SEA by 7.9% during the fourth quarter. Mesirow Financial Investment Management Inc. now owns 5,007 shares of the Internet company based in Singapore's stock worth $531,000 after acquiring an additional 366 shares during the last quarter. Andra AP fonden grew its stake in SEA by 23.6% in the 4th quarter. Andra AP fonden now owns 107,800 shares of the Internet company based in Singapore's stock worth $11,438,000 after acquiring an additional 20,600 shares during the period. Finally, Greenwoods Asset Management Hong Kong Ltd. raised its holdings in SEA by 145.7% in the 4th quarter. Greenwoods Asset Management Hong Kong Ltd. now owns 212,569 shares of the Internet company based in Singapore's stock valued at $22,554,000 after acquiring an additional 126,069 shares during the last quarter. Hedge funds and other institutional investors own 59.53% of the company's stock.

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SEA Stock Up 1.2 %

Shares of SE traded up $1.57 during mid-day trading on Wednesday, reaching $129.28. 5,186,120 shares of the stock traded hands, compared to its average volume of 4,460,905. The stock has a fifty day simple moving average of $122.09 and a 200 day simple moving average of $107.16. Sea Limited has a 12-month low of $51.70 and a 12-month high of $147.73. 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 $73.99 billion, a price-to-earnings ratio of 861.85 and a beta of 1.62.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Benchmark raised their price objective on SEA from $130.00 to $150.00 and gave the stock a "buy" rating in a report on Wednesday, March 5th. JPMorgan Chase & Co. raised their price target on SEA from $133.00 to $160.00 and gave the stock an "overweight" rating in a research note on Wednesday, March 5th. Phillip Securities raised shares of SEA from a "moderate sell" rating to a "hold" rating in a research report on Friday, March 7th. Jefferies Financial Group boosted their target price on shares of SEA from $131.00 to $157.00 and gave the company a "buy" rating in a report on Tuesday, March 4th. Finally, Sanford C. Bernstein set a $145.00 price objective on SEA and gave the stock an "outperform" rating in a report on Wednesday, March 5th. Three analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price 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.