Sea Limited (NYSE:SE) Shares Sold by M&T Bank Corp

M&T Bank Corp decreased its holdings in Sea Limited (NYSE:SE) by 1.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 73,103 shares of the Internet company based in Singapore’s stock after selling 1,402 shares during the quarter. M&T Bank Corp’s holdings in SEA were worth $7,757,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Private Trust Co. NA increased its stake in 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 in the last quarter. Kestra Investment Management LLC purchased a new position in SEA in the 4th quarter valued at $34,000. Truvestments Capital LLC acquired a new stake in SEA during the 3rd quarter worth $41,000. Icon Wealth Advisors LLC purchased a new stake in shares of SEA during the third quarter worth $47,000. Finally, Geneos Wealth Management Inc. grew its holdings in shares of 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 buying an additional 513 shares in the last quarter. Hedge funds and other institutional investors own 59.53% of the company’s stock.

Analyst Upgrades and Downgrades

SE has been the topic of a number of recent research reports. TD Cowen boosted their price target on shares of SEA from $69.00 to $100.00 and gave the stock a “hold” rating in a research report on Wednesday, November 13th. Barclays boosted their target price on SEA from $131.00 to $148.00 and gave the stock an “overweight” rating in a report on Wednesday, February 26th. Dbs Bank raised SEA from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 13th. Phillip Securities reiterated a “reduce” rating and set a $100.00 price objective (up previously from $80.00) on shares of SEA in a research report on Tuesday, November 19th. Finally, Benchmark upped their target price on SEA from $130.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, SEA has an average rating of “Moderate Buy” and a consensus price target of $104.64.

SEA Price Performance

Shares of SE opened at $139.46 on Friday. The firm has a 50-day simple moving average of $120.13 and a two-hundred day simple moving average of $105.58. The stock has a market cap of $79.82 billion, a PE ratio of 929.73 and a beta of 1.55. Sea Limited has a 1-year low of $51.70 and a 1-year high of $147.73. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.62 and a quick ratio of 1.60.

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.