Sea Limited (NYSE:SE) Shares Sold by Nikko Asset Management Americas Inc.

Nikko Asset Management Americas Inc. reduced its position in Sea Limited (NYSE:SE) by 2.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 243,853 shares of the Internet company based in Singapore’s stock after selling 5,428 shares during the quarter. Nikko Asset Management Americas Inc.’s holdings in SEA were worth $25,856,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Farther Finance Advisors LLC grew its position in 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 valued at $39,000 after acquiring an additional 112 shares in the last quarter. SOA Wealth Advisors LLC. grew its position in SEA by 33.3% in the 3rd quarter. SOA Wealth Advisors LLC. now owns 600 shares of the Internet company based in Singapore’s stock valued at $57,000 after acquiring an additional 150 shares in the last quarter. TD Private Client Wealth LLC grew its position in SEA by 33.7% in the 3rd quarter. TD Private Client Wealth LLC now owns 603 shares of the Internet company based in Singapore’s stock valued at $57,000 after acquiring an additional 152 shares in the last quarter. Ballentine Partners LLC grew its position in SEA by 5.6% in the 4th quarter. Ballentine Partners LLC now owns 2,970 shares of the Internet company based in Singapore’s stock valued at $315,000 after acquiring an additional 158 shares in the last quarter. Finally, Integrated Wealth Concepts LLC grew its position in shares of SEA by 2.6% during the third quarter. Integrated Wealth Concepts LLC now owns 6,357 shares of the Internet company based in Singapore’s stock worth $599,000 after buying an additional 160 shares in the last quarter. 59.53% of the stock is owned by institutional investors and hedge funds.

SEA Price Performance

Shares of NYSE SE opened at $127.24 on Monday. The company has a current ratio of 1.62, a quick ratio of 1.60 and a debt-to-equity ratio of 0.36. Sea Limited has a twelve month low of $51.70 and a twelve month high of $147.73. The stock has a 50 day moving average of $123.38 and a two-hundred day moving average of $108.11. The stock has a market cap of $72.83 billion, a P/E ratio of 848.29 and a beta of 1.62.

Analysts Set New Price Targets

A number of equities analysts have recently commented on SE shares. Benchmark boosted their price objective on SEA from $130.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, March 5th. Phillip Securities raised SEA from a “moderate sell” rating to a “hold” rating in a research report on Friday, March 7th. JPMorgan Chase & Co. boosted their price objective on SEA from $133.00 to $160.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 5th. Sanford C. Bernstein set a $145.00 price objective on SEA and gave the stock an “outperform” rating in a research report on Wednesday, March 5th. Finally, Jefferies Financial Group boosted their price objective on SEA from $131.00 to $157.00 and gave the stock a “buy” rating in a research report on Tuesday, March 4th. Three equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently 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.