Totem Point Management LLC Trims Holdings in Sea Limited (NYSE:SE)

Totem Point Management LLC lowered its position in Sea Limited (NYSE:SE - Free Report) by 41.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 32,789 shares of the Internet company based in Singapore's stock after selling 23,474 shares during the period. SEA makes up approximately 3.7% of Totem Point Management LLC's investment portfolio, making the stock its 11th largest holding. Totem Point Management LLC's holdings in SEA were worth $3,479,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Private Trust Co. NA lifted its stake 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 purchasing an additional 204 shares during the period. Kestra Investment Management LLC acquired a new stake in shares of SEA during the 4th quarter valued at about $34,000. Farther Finance Advisors LLC increased its stake in shares of 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 in the last quarter. Huntington National Bank raised its holdings in SEA by 783.6% in the 4th 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. boosted its position in SEA by 4,663.6% during the fourth quarter. Geneos Wealth Management Inc. now owns 524 shares of the Internet company based in Singapore's stock worth $56,000 after purchasing an additional 513 shares in the last quarter. Institutional investors and hedge funds own 59.53% of the company's stock.

SEA Trading Up 3.0 %

Shares of NYSE SE traded up $3.78 during midday trading on Friday, reaching $128.01. 3,518,652 shares of the stock were exchanged, compared to its average volume of 4,612,406. The stock has a market capitalization of $73.27 billion, a P/E 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 company has a debt-to-equity ratio of 0.36, a quick ratio of 1.60 and a current ratio of 1.62. The company has a 50 day simple moving average of $125.11 and a 200 day simple moving average of $115.69.

Analyst Upgrades and Downgrades

SE has been the subject of several research analyst reports. Wedbush reaffirmed an "outperform" rating and set a $135.00 target price on shares of SEA in a research note on Tuesday, April 15th. Barclays increased their price objective on shares of SEA from $148.00 to $182.00 and gave the company an "overweight" rating in a report on Friday, March 7th. Loop Capital boosted their target price on shares of SEA from $135.00 to $165.00 and gave the stock a "buy" rating in a research note on Monday, March 31st. Arete Research raised shares of SEA to a "strong-buy" rating in a research note on Sunday, March 23rd. Finally, Benchmark boosted their price objective on SEA from $130.00 to $150.00 and gave the stock a "buy" rating in a research note on Wednesday, March 5th. Four equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus 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.