Pitcairn Co. Has $1.13 Million Holdings in Sea Limited (NYSE:SE)

Pitcairn Co. decreased its position in shares of Sea Limited (NYSE:SE) by 6.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,646 shares of the Internet company based in Singapore’s stock after selling 739 shares during the quarter. Pitcairn Co.’s holdings in SEA were worth $1,130,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of SE. Charles Schwab Investment Management Inc. lifted its position in SEA by 9.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 271,747 shares of the Internet company based in Singapore’s stock valued at $25,620,000 after acquiring an additional 24,216 shares in the last quarter. Edgestream Partners L.P. bought a new position in shares of SEA in the third quarter valued at approximately $215,000. HighTower Advisors LLC boosted its position in shares of SEA by 160.3% during the third quarter. HighTower Advisors LLC now owns 38,836 shares of the Internet company based in Singapore’s stock valued at $3,669,000 after buying an additional 23,914 shares during the last quarter. Janus Henderson Group PLC grew its holdings in SEA by 24.6% during the third quarter. Janus Henderson Group PLC now owns 248,629 shares of the Internet company based in Singapore’s stock worth $23,437,000 after buying an additional 49,043 shares in the last quarter. Finally, Investment Management Corp of Ontario raised its position in SEA by 46.1% in the 3rd quarter. Investment Management Corp of Ontario now owns 12,048 shares of the Internet company based in Singapore’s stock valued at $1,136,000 after buying an additional 3,800 shares during the last quarter. 59.53% of the stock is owned by institutional investors and hedge funds.

SEA Stock Performance

NYSE SE opened at $106.18 on Friday. The firm has a market cap of $60.77 billion, a P/E ratio of 707.88 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 company’s 50 day moving average is $128.04 and its 200-day moving average is $112.83. Sea Limited has a 12-month low of $51.70 and a 12-month high of $147.73.

Analyst Upgrades and Downgrades

SE has been the subject of several recent analyst reports. Benchmark upped 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. Barclays upped their price objective on shares of SEA from $148.00 to $182.00 and gave the stock an “overweight” rating in a research report on Friday, March 7th. UBS Group lifted their target price on shares of SEA from $135.00 to $176.00 and gave the stock a “buy” rating in a research report on Friday, March 7th. JPMorgan Chase & Co. upped their target price on SEA from $133.00 to $160.00 and gave the company an “overweight” rating in a report on Wednesday, March 5th. Finally, Jefferies Financial Group lifted their price target on SEA from $131.00 to $157.00 and gave the stock a “buy” rating in a report on Tuesday, March 4th. Three investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, SEA currently has an average rating of “Moderate Buy” and an average price target of $121.40.

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.