Trek Financial LLC Cuts Stake in Sea Limited (NYSE:SE)

Trek Financial LLC reduced its position in Sea Limited (NYSE:SE - Free Report) by 39.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 43,535 shares of the Internet company based in Singapore's stock after selling 28,843 shares during the quarter. Trek Financial LLC's holdings in SEA were worth $4,619,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Quadrant Capital Group LLC lifted its stake in SEA by 8.1% in the fourth quarter. Quadrant Capital Group LLC now owns 4,210 shares of the Internet company based in Singapore's stock worth $447,000 after purchasing an additional 314 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of SEA by 33.5% in the 4th quarter. Envestnet Asset Management Inc. now owns 1,221,228 shares of the Internet company based in Singapore's stock valued at $129,572,000 after acquiring an additional 306,693 shares during the last quarter. Marcho Partners LLP boosted its holdings in SEA by 142.9% during the 4th quarter. Marcho Partners LLP now owns 135,268 shares of the Internet company based in Singapore's stock valued at $14,352,000 after acquiring an additional 79,590 shares during the period. Resona Asset Management Co. Ltd. bought a new position in SEA during the 4th quarter worth approximately $11,102,000. Finally, Charles Lim Capital Ltd increased its stake in SEA by 15.2% in the 4th quarter. Charles Lim Capital Ltd now owns 1,008,301 shares of the Internet company based in Singapore's stock worth $106,981,000 after purchasing an additional 133,301 shares during the period. 59.53% of the stock is currently owned by institutional investors.

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SEA Stock Up 2.1 %

Shares of NYSE SE traded up $2.42 on Friday, reaching $117.70. 2,559,420 shares of the company's stock traded hands, compared to its average volume of 4,712,128. The company has a quick ratio of 1.60, a current ratio of 1.62 and a debt-to-equity ratio of 0.36. The business's 50 day simple moving average is $126.97 and its two-hundred day simple moving average is $113.90. Sea Limited has a 12 month low of $51.70 and a 12 month high of $147.73. The company has a market cap of $67.36 billion, a price-to-earnings ratio of 782.12 and a beta of 1.73.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on SE shares. Phillip Securities upgraded shares of SEA from a "moderate sell" rating to a "hold" rating in a report on Friday, March 7th. JPMorgan Chase & Co. boosted their price objective on shares of SEA from $133.00 to $160.00 and gave the company an "overweight" rating in a research report on Wednesday, March 5th. Loop Capital increased their target price on shares of SEA from $135.00 to $165.00 and gave the stock a "buy" rating in a report on Monday, March 31st. Barclays upped their price target on SEA from $148.00 to $182.00 and gave the company an "overweight" rating in a research report on Friday, March 7th. Finally, Arete Research upgraded SEA to a "strong-buy" rating in a research report on Sunday, March 23rd. Three analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, SEA currently has an average rating of "Moderate Buy" and an average target price of $121.40.

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.