SEA (NYSE:SE) Shares Gap Down - Here's What Happened

Sea Limited (NYSE:SE - Get Free Report)'s share price gapped down prior to trading on Friday . The stock had previously closed at $120.05, but opened at $109.00. SEA shares last traded at $110.47, with a volume of 2,409,919 shares trading hands.

Wall Street Analysts Forecast Growth

SE has been the topic of several recent research reports. UBS Group lifted their price target on shares of SEA from $135.00 to $176.00 and gave the company a "buy" rating in a research note on Friday, March 7th. Sanford C. Bernstein set a $145.00 price target on SEA and gave the company an "outperform" rating in a research note on Wednesday, March 5th. Benchmark increased their price objective on SEA from $130.00 to $150.00 and gave the company a "buy" rating in a report on Wednesday, March 5th. Arete Research raised shares of SEA to a "strong-buy" rating in a research report on Sunday, March 23rd. Finally, Jefferies Financial Group increased their price target on shares of SEA from $131.00 to $157.00 and gave the company a "buy" rating in a research note on Tuesday, March 4th. Three analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, SEA currently has an average rating of "Moderate Buy" and an average target price of $121.40.

SEA Stock Performance

The company has a market cap of $68.21 billion, a P/E ratio of 794.47 and a beta of 1.73. The stock has a 50 day moving average price of $127.25 and a two-hundred day moving average price of $113.51. The company has a quick ratio of 1.60, a current ratio of 1.62 and a debt-to-equity ratio of 0.36.

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Institutional Investors Weigh In On SEA

A number of hedge funds and other institutional investors have recently modified their holdings of SE. Private Trust Co. NA increased its position in SEA by 474.4% during the fourth quarter. Private Trust Co. NA now owns 247 shares of the Internet company based in Singapore's stock worth $26,000 after acquiring an additional 204 shares during the period. Kestra Investment Management LLC bought a new position in shares of SEA during the fourth quarter worth approximately $34,000. Farther Finance Advisors LLC increased 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. Banque Transatlantique SA acquired a new stake in shares of SEA in the fourth quarter valued at approximately $39,000. Finally, Huntington National Bank boosted its stake in shares of SEA by 783.6% in the fourth quarter. Huntington National Bank now owns 486 shares of the Internet company based in Singapore's stock valued at $52,000 after buying an additional 431 shares during the period. Institutional investors and hedge funds own 59.53% of the company's stock.

About SEA

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.