Gulf International Bank UK Ltd Sells 302 Shares of Sea Limited (NYSE:SE)

Gulf International Bank UK Ltd lessened its holdings in Sea Limited (NYSE:SE) by 1.0% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 29,087 shares of the Internet company based in Singapore’s stock after selling 302 shares during the period. Gulf International Bank UK Ltd’s holdings in SEA were worth $3,086,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Rosenberg Matthew Hamilton boosted its stake in shares of SEA by 213.7% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 298 shares of the Internet company based in Singapore’s stock worth $28,000 after buying an additional 203 shares during the last quarter. Kestra Investment Management LLC purchased a new position in shares of SEA in the 4th quarter worth approximately $34,000. Truvestments Capital LLC purchased a new position in shares of SEA in the 3rd quarter worth approximately $41,000. Icon Wealth Advisors LLC purchased a new position in shares of SEA in the 3rd quarter worth approximately $47,000. Finally, Geneos Wealth Management Inc. boosted its stake in shares of SEA by 4,663.6% in the 4th quarter. Geneos Wealth Management Inc. now owns 524 shares of the Internet company based in Singapore’s stock worth $56,000 after buying an additional 513 shares during the last quarter. Hedge funds and other institutional investors own 59.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on SE shares. Dbs Bank upgraded SEA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 13th. Benchmark upped their price objective on SEA from $94.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Phillip Securities reiterated a “reduce” rating and issued a $100.00 price objective (up previously from $80.00) on shares of SEA in a research note on Tuesday, November 19th. Wedbush reiterated an “outperform” rating and issued a $105.00 price objective (up previously from $84.00) on shares of SEA in a research note on Monday, November 4th. Finally, TD Cowen upped their price objective on SEA from $69.00 to $100.00 and gave the company a “hold” rating in a research note on Wednesday, November 13th. One analyst has rated the stock with a sell rating, two have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $92.43.

SEA Trading Up 0.5 %

NYSE:SE opened at $127.05 on Friday. The company has a market cap of $72.71 billion, a P/E ratio of 846.99 and a beta of 1.55. The stock’s fifty day moving average price is $118.39 and its two-hundred day moving average price is $103.78. Sea Limited has a 1 year low of $48.14 and a 1 year high of $139.18. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.62 and a quick ratio of 1.60.

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.