ShawSpring Partners LLC Has $33.48 Million Stake in Sea Limited (NYSE:SE)

ShawSpring Partners LLC decreased its position in shares of Sea Limited (NYSE:SE - Free Report) by 66.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 315,538 shares of the Internet company based in Singapore's stock after selling 627,641 shares during the quarter. SEA makes up about 4.4% of ShawSpring Partners LLC's portfolio, making the stock its 10th biggest holding. ShawSpring Partners LLC owned approximately 0.06% of SEA worth $33,479,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. TD Private Client Wealth LLC raised its holdings 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 valued at $57,000 after buying an additional 152 shares during the period. M&T Bank Corp increased its stake in SEA by 2,163.9% during the third quarter. M&T Bank Corp now owns 74,505 shares of the Internet company based in Singapore's stock worth $7,024,000 after purchasing an additional 71,214 shares during the period. SOA Wealth Advisors LLC. boosted its stake in shares of SEA by 33.3% in 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 purchasing an additional 150 shares during the period. Sanctuary Advisors LLC grew its holdings in shares of SEA by 14.4% in the third quarter. Sanctuary Advisors LLC now owns 6,214 shares of the Internet company based in Singapore's stock valued at $586,000 after purchasing an additional 782 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of SEA in the third quarter worth $290,000. Institutional investors and hedge funds own 59.53% of the company's stock.

SEA Stock Down 3.8 %

Shares of SE traded down $4.64 during midday trading on Monday, hitting $116.33. The company had a trading volume of 1,008,473 shares, compared to its average volume of 4,852,032. 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 company's 50 day moving average price is $126.40 and its 200 day moving average price is $115.07. Sea Limited has a 52 week low of $55.00 and a 52 week high of $147.73. The stock has a market cap of $66.58 billion, a price-to-earnings ratio of 775.53 and a beta of 1.73.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Barclays boosted their price target on shares of SEA from $148.00 to $182.00 and gave the stock an "overweight" rating in a report on Friday, March 7th. Sanford C. Bernstein set a $145.00 target price on shares of SEA and gave the company an "outperform" rating in a report on Wednesday, March 5th. Jefferies Financial Group upped their price target on SEA from $131.00 to $157.00 and gave the stock a "buy" rating in a research note on Tuesday, March 4th. JPMorgan Chase & Co. cut SEA from an "overweight" rating to a "neutral" rating and dropped their target price for the stock from $160.00 to $135.00 in a research report on Wednesday, April 16th. Finally, UBS Group raised their target price on SEA from $135.00 to $176.00 and gave the company a "buy" rating in a report on Friday, March 7th. Four investment analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $121.73.

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.