Long Corridor Asset Management Ltd Has $5.31 Million Stake in Sea Limited (NYSE:SE)

Long Corridor Asset Management Ltd lowered its stake in shares of Sea Limited (NYSE:SE) by 16.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 50,000 shares of the Internet company based in Singapore’s stock after selling 10,000 shares during the period. SEA accounts for approximately 4.0% of Long Corridor Asset Management Ltd’s portfolio, making the stock its 7th largest holding. Long Corridor Asset Management Ltd’s holdings in SEA were worth $5,305,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in SE. Private Trust Co. NA boosted its stake in SEA by 474.4% during the fourth quarter. Private Trust Co. NA now owns 247 shares of the Internet company based in Singapore’s stock valued at $26,000 after buying an additional 204 shares during the period. Kestra Investment Management LLC purchased a new position in shares of SEA during the fourth quarter worth about $34,000. Farther Finance Advisors LLC increased its position 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 worth $39,000 after purchasing an additional 112 shares during the last quarter. Truvestments Capital LLC purchased a new stake in SEA in the third quarter valued at approximately $41,000. Finally, Icon Wealth Advisors LLC bought a new stake in SEA during the third quarter valued at approximately $47,000. Hedge funds and other institutional investors own 59.53% of the company’s stock.

SEA Price Performance

Shares of SEA stock opened at $129.69 on Tuesday. 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 has a 50 day moving average of $125.76 and a 200 day moving average of $110.21. The company has a market cap of $74.23 billion, a PE ratio of 864.63 and a beta of 1.62. Sea Limited has a 52 week low of $51.70 and a 52 week high of $147.73.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. UBS Group raised their price objective on shares of SEA from $135.00 to $176.00 and gave the company a “buy” rating in a research report on Friday, March 7th. Sanford C. Bernstein set a $145.00 price target on SEA and gave the stock an “outperform” rating in a research note on Wednesday, March 5th. Arete Research upgraded SEA to a “strong-buy” rating in a research report on Sunday. Benchmark boosted their price objective on shares of SEA from $130.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, March 5th. Finally, Jefferies Financial Group boosted their price target on shares of SEA from $131.00 to $157.00 and gave the stock a “buy” rating in a research note on Tuesday, March 4th. Three equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $116.67.

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.