Sea Limited (NYSE:SE) Shares Sold by Investment House LLC

Investment House LLC trimmed its stake in shares of Sea Limited (NYSE:SE) by 0.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 131,893 shares of the Internet company based in Singapore’s stock after selling 267 shares during the period. Investment House LLC’s holdings in SEA were worth $13,994,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Private Trust Co. NA increased 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 purchasing an additional 204 shares in the last quarter. Kestra Investment Management LLC purchased a new position in shares of SEA during the 4th quarter worth approximately $34,000. Farther Finance Advisors LLC increased its stake in shares of SEA by 43.8% during the 4th quarter. Farther Finance Advisors LLC now owns 368 shares of the Internet company based in Singapore’s stock worth $39,000 after purchasing an additional 112 shares in the last quarter. Truvestments Capital LLC purchased a new stake in SEA in the 3rd quarter worth approximately $41,000. Finally, Icon Wealth Advisors LLC purchased a new stake in SEA in the 3rd quarter worth approximately $47,000. 59.53% of the stock is currently owned by institutional investors and hedge funds.

SEA Stock Performance

NYSE:SE opened at $125.17 on Wednesday. The company has a current ratio of 1.62, a quick ratio of 1.60 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $71.64 billion, a price-to-earnings ratio of 834.47 and a beta of 1.61. The firm’s fifty day simple moving average is $124.24 and its 200 day simple moving average is $108.83. Sea Limited has a twelve month low of $51.70 and a twelve month high of $147.73.

Analysts Set New Price Targets

Several research firms have commented on SE. JPMorgan Chase & Co. lifted their target price on shares of SEA from $133.00 to $160.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 5th. Barclays lifted their target price on shares of SEA from $148.00 to $182.00 and gave the stock an “overweight” rating in a research note on Friday, March 7th. Sanford C. Bernstein set a $145.00 target price on shares of SEA and gave the stock an “outperform” rating in a research note on Wednesday, March 5th. Phillip Securities raised shares of SEA from a “moderate sell” rating to a “hold” rating in a research note on Friday, March 7th. Finally, Benchmark lifted their target price on shares of SEA from $130.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, March 5th. Three analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $116.67.

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.