Sea Limited (NYSE:SE) Shares Sold by ShawSpring Partners LLC

ShawSpring Partners LLC lowered its stake in Sea Limited (NYSE:SE) by 66.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 315,538 shares of the Internet company based in Singapore’s stock after selling 627,641 shares during the quarter. SEA comprises approximately 4.4% of ShawSpring Partners LLC’s investment portfolio, making the stock its 10th biggest holding. ShawSpring Partners LLC owned 0.06% of SEA worth $33,479,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Private Trust Co. NA boosted its stake in shares of SEA by 474.4% during the 4th quarter. Private Trust Co. NA now owns 247 shares of the Internet company based in Singapore’s stock worth $26,000 after buying an additional 204 shares during the last quarter. Kestra Investment Management LLC acquired a new stake in shares of SEA in the 4th quarter valued at approximately $34,000. Farther Finance Advisors LLC grew its stake in shares of SEA by 43.8% in the fourth quarter. Farther Finance Advisors LLC now owns 368 shares of the Internet company based in Singapore’s stock valued at $39,000 after buying an additional 112 shares in the last quarter. Huntington National Bank raised its position in SEA by 783.6% during 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 in the last quarter. Finally, Geneos Wealth Management Inc. grew its holdings 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 during the period. 59.53% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SE has been the topic of several research analyst reports. Phillip Securities raised shares of SEA from a “moderate sell” rating to a “hold” rating in a report on Friday, March 7th. Jefferies Financial Group boosted their target price on SEA from $131.00 to $157.00 and gave the stock a “buy” rating in a research note on Tuesday, March 4th. 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. UBS Group boosted their price objective on shares of SEA from $135.00 to $176.00 and gave the stock a “buy” rating in a research note on Friday, March 7th. Finally, Wedbush restated an “outperform” rating on shares of SEA in a research report on Tuesday. Three investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $121.40.

SEA Trading Up 0.9 %

Shares of SE opened at $119.76 on Wednesday. Sea Limited has a twelve month low of $51.70 and a twelve month high of $147.73. The stock has a market cap of $68.55 billion, a PE ratio of 798.43 and a beta of 1.73. 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 moving average price is $126.74 and its 200-day moving average price is $114.41.

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.