State of Tennessee Department of Treasury Sells 7,348 Shares of Sea Limited (NYSE:SE)

State of Tennessee Department of Treasury reduced its holdings in Sea Limited (NYSE:SE - Free Report) by 1.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 535,136 shares of the Internet company based in Singapore's stock after selling 7,348 shares during the quarter. State of Tennessee Department of Treasury owned approximately 0.09% of SEA worth $56,778,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Mirabella Financial Services LLP acquired a new stake in shares of SEA during the fourth quarter worth $3,362,000. MML Investors Services LLC grew its holdings in SEA by 61.3% during the 4th quarter. MML Investors Services LLC now owns 85,690 shares of the Internet company based in Singapore's stock worth $9,092,000 after acquiring an additional 32,552 shares during the period. Natixis raised its position in shares of SEA by 22.5% in the 4th quarter. Natixis now owns 2,793 shares of the Internet company based in Singapore's stock worth $296,000 after acquiring an additional 513 shares in the last quarter. MetLife Investment Management LLC lifted its stake in shares of SEA by 31.9% in the 4th quarter. MetLife Investment Management LLC now owns 43,400 shares of the Internet company based in Singapore's stock valued at $4,605,000 after purchasing an additional 10,500 shares during the period. Finally, Ossiam boosted its position in shares of SEA by 498.5% during the 4th quarter. Ossiam now owns 11,353 shares of the Internet company based in Singapore's stock valued at $1,205,000 after purchasing an additional 9,456 shares in the last quarter. Institutional investors own 59.53% of the company's stock.

SEA Stock Performance

NYSE:SE traded up $3.78 during 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 4,612,406. The firm has a 50 day moving average of $125.11 and a 200-day moving average of $115.69. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.60 and a current ratio of 1.62. The firm has a market cap of $73.27 billion, a price-to-earnings ratio of 853.40 and a beta of 1.73. Sea Limited has a 12 month low of $55.00 and a 12 month high of $147.73.

Wall Street Analyst Weigh In

Several brokerages have issued reports on SE. 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. 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 research report on Tuesday, March 4th. Arete Research upgraded shares of SEA to a "strong-buy" rating in a report on Sunday, March 23rd. Phillip Securities upgraded shares of SEA from a "moderate sell" rating to a "hold" rating in a report on Friday, March 7th. Finally, Barclays raised their target price on SEA from $148.00 to $182.00 and gave the company an "overweight" rating in a research note on Friday, March 7th. Four equities research analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, SEA presently has an average rating of "Moderate Buy" and a consensus target price of $125.43.

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.