Sea Limited (NYSE:SE) Shares Sold by Invesco Ltd.

Invesco Ltd. lessened its holdings in shares of Sea Limited (NYSE:SE - Free Report) by 18.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,440,169 shares of the Internet company based in Singapore's stock after selling 546,047 shares during the quarter. Invesco Ltd. owned 0.43% of SEA worth $258,902,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of SE. Private Trust Co. NA increased its holdings in shares of SEA by 474.4% in the 4th quarter. Private Trust Co. NA now owns 247 shares of the Internet company based in Singapore's stock valued at $26,000 after acquiring an additional 204 shares during the last quarter. Kestra Investment Management LLC bought a new stake in SEA during the fourth quarter valued at $34,000. Farther Finance Advisors LLC raised its holdings 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 period. Huntington National Bank raised its holdings in shares of SEA by 783.6% during the fourth quarter. Huntington National Bank now owns 486 shares of the Internet company based in Singapore's stock worth $52,000 after purchasing an additional 431 shares during the period. Finally, Geneos Wealth Management Inc. lifted its position in shares of SEA by 4,663.6% in the 4th quarter. Geneos Wealth Management Inc. now owns 524 shares of the Internet company based in Singapore's stock worth $56,000 after buying an additional 513 shares during the last quarter. 59.53% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on SE shares. Phillip Securities upgraded SEA from a "moderate sell" rating to a "hold" rating in a research note on Friday, March 7th. 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 target price on shares of SEA and gave the stock an "outperform" rating in a research report on Wednesday, March 5th. UBS Group lifted their price target on SEA from $135.00 to $176.00 and gave the company a "buy" rating in a report on Friday, March 7th. Finally, Benchmark increased 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. Four analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, SEA currently has a consensus rating of "Moderate Buy" and a consensus price target of $119.73.

SEA Price Performance

SE stock traded up $0.70 during trading hours on Wednesday, hitting $120.45. 1,221,802 shares of the stock traded hands, compared to its average volume of 4,853,674. The stock has a 50-day simple moving average of $126.74 and a 200 day simple moving average of $114.41. The company has a market cap of $68.94 billion, a P/E ratio of 802.97 and a beta of 1.73. Sea Limited has a one year low of $54.82 and a one year high of $147.73. The company has a current ratio of 1.62, a quick ratio of 1.60 and a debt-to-equity ratio of 0.36.

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.