Sea Limited (NYSE:SE) Shares Sold by Slate Path Capital LP

Slate Path Capital LP trimmed its position in shares of Sea Limited (NYSE:SE - Free Report) by 30.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,279,330 shares of the Internet company based in Singapore's stock after selling 550,570 shares during the period. SEA accounts for approximately 2.5% of Slate Path Capital LP's investment portfolio, making the stock its 15th biggest position. Slate Path Capital LP owned approximately 0.22% of SEA worth $135,737,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Private Trust Co. NA increased its position in 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 period. Kestra Investment Management LLC purchased a new stake in shares of SEA in the fourth quarter valued at about $34,000. Farther Finance Advisors LLC grew its stake in SEA by 43.8% in 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 period. Huntington National Bank raised its position in SEA by 783.6% in the fourth quarter. Huntington National Bank now owns 486 shares of the Internet company based in Singapore's stock worth $52,000 after acquiring an additional 431 shares during the period. Finally, Geneos Wealth Management Inc. boosted its holdings in shares of SEA by 4,663.6% in the fourth quarter. Geneos Wealth Management Inc. now owns 524 shares of the Internet company based in Singapore's stock worth $56,000 after acquiring an additional 513 shares during the period. Institutional investors and hedge funds own 59.53% of the company's stock.

SEA Stock Performance

Shares of NYSE:SE traded up $3.78 during midday trading on Friday, reaching $128.01. The company's stock had a trading volume of 3,518,652 shares, compared to its average volume of 4,612,402. The firm has a market capitalization of $73.27 billion, a PE ratio of 853.40 and a beta of 1.73. Sea Limited has a twelve month low of $55.00 and a twelve month high of $147.73. The stock has a fifty day moving average of $125.11 and a 200 day moving average of $115.69. The company has a quick ratio of 1.60, a current ratio of 1.62 and a debt-to-equity ratio of 0.36.

Analyst Ratings Changes

A number of research analysts recently commented on SE shares. Phillip Securities raised SEA from a "moderate sell" rating to a "hold" rating in a research note on Friday, March 7th. 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. Sanford C. Bernstein set a $145.00 price target on shares of SEA and gave the stock an "outperform" rating in a research note on Wednesday, March 5th. Wedbush reaffirmed an "outperform" rating and issued a $135.00 target price on shares of SEA in a research report on Tuesday, April 15th. Finally, JPMorgan Chase & Co. lowered shares of SEA from an "overweight" rating to a "neutral" rating and dropped their price objective for the stock from $160.00 to $135.00 in a research note on Wednesday, April 16th. Four analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $125.43.

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.