Polymer Capital Management HK LTD Has $2.26 Million Holdings in Sea Limited (NYSE:SE)

Polymer Capital Management HK LTD cut its holdings in Sea Limited (NYSE:SE) by 61.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,300 shares of the Internet company based in Singapore’s stock after selling 33,420 shares during the quarter. Polymer Capital Management HK LTD’s holdings in SEA were worth $2,260,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Private Trust Co. NA boosted its position 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 bought a new stake in shares of SEA during the 4th quarter worth $34,000. Farther Finance Advisors LLC raised its holdings in shares of SEA by 43.8% in 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 during the period. Huntington National Bank increased its holdings in SEA by 783.6% in the 4th 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 during the last quarter. Finally, Geneos Wealth Management Inc. lifted its stake in shares of SEA by 4,663.6% during the 4th quarter. Geneos Wealth Management Inc. now owns 524 shares of the Internet company based in Singapore’s stock valued at $56,000 after buying an additional 513 shares in the last quarter. Institutional investors and hedge funds own 59.53% of the company’s stock.

SEA Trading Down 11.6 %

Shares of SE opened at $106.18 on Friday. Sea Limited has a twelve month low of $51.70 and a twelve month high of $147.73. The firm has a market capitalization of $60.77 billion, a P/E ratio of 707.88 and a beta of 1.73. The firm’s 50-day moving average is $128.04 and its two-hundred day moving average is $113.06. The company has a current ratio of 1.62, a quick ratio of 1.60 and a debt-to-equity ratio of 0.36.

Analysts Set New Price Targets

A number of research firms have recently commented on SE. Barclays boosted their price target on shares of SEA from $148.00 to $182.00 and gave the company an “overweight” rating in a research report on Friday, March 7th. Phillip Securities upgraded shares of SEA from a “moderate sell” rating to a “hold” rating in a report on Friday, March 7th. Sanford C. Bernstein set a $145.00 target price on shares of SEA and gave the company an “outperform” rating in a research note on Wednesday, March 5th. UBS Group increased 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. Finally, JPMorgan Chase & Co. increased their price target on shares of SEA from $133.00 to $160.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 5th. Three analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price 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.