Sea Limited (NYSE:SE) Shares Sold by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. cut its stake in shares of Sea Limited (NYSE:SE) by 64.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 317,893 shares of the Internet company based in Singapore’s stock after selling 566,057 shares during the quarter. Jupiter Asset Management Ltd.’s holdings in SEA were worth $33,728,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in SE. Farther Finance Advisors LLC boosted its holdings in 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 valued at $39,000 after purchasing an additional 112 shares in the last quarter. SOA Wealth Advisors LLC. boosted its holdings in SEA by 33.3% in the third quarter. SOA Wealth Advisors LLC. now owns 600 shares of the Internet company based in Singapore’s stock valued at $57,000 after purchasing an additional 150 shares in the last quarter. TD Private Client Wealth LLC boosted its holdings in SEA by 33.7% in the third quarter. TD Private Client Wealth LLC now owns 603 shares of the Internet company based in Singapore’s stock valued at $57,000 after purchasing an additional 152 shares in the last quarter. Ballentine Partners LLC boosted its holdings in SEA by 5.6% in the fourth quarter. Ballentine Partners LLC now owns 2,970 shares of the Internet company based in Singapore’s stock valued at $315,000 after purchasing an additional 158 shares in the last quarter. Finally, Integrated Wealth Concepts LLC boosted its holdings in SEA by 2.6% in the third quarter. Integrated Wealth Concepts LLC now owns 6,357 shares of the Internet company based in Singapore’s stock valued at $599,000 after purchasing an additional 160 shares in the last quarter. 59.53% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on SE shares. Phillip Securities raised SEA from a “moderate sell” rating to a “hold” rating in a report on Friday, March 7th. Jefferies Financial Group upped their price target on SEA from $131.00 to $157.00 and gave the company a “buy” rating in a report on Tuesday, March 4th. Sanford C. Bernstein set a $145.00 price target on SEA and gave the company an “outperform” rating in a report on Wednesday, March 5th. Benchmark boosted their price objective on SEA from $130.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, March 5th. Finally, UBS Group boosted their price objective on SEA from $135.00 to $176.00 and gave the company a “buy” rating in a research note on Friday, March 7th. Three investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $116.67.

SEA Trading Up 0.2 %

NYSE:SE opened at $127.62 on Wednesday. The stock has a fifty day moving average price of $121.66 and a two-hundred day moving average price of $106.85. The stock has a market capitalization of $73.04 billion, a price-to-earnings ratio of 850.83 and a beta of 1.62. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.60 and a current ratio of 1.62. Sea Limited has a 1 year low of $51.70 and a 1 year high of $147.73.

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.