Sea Limited (NYSE:SE) Position Trimmed by Harbour Investments Inc.

Harbour Investments Inc. trimmed its stake in Sea Limited (NYSE:SE) by 4.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,438 shares of the Internet company based in Singapore’s stock after selling 225 shares during the quarter. Harbour Investments Inc.’s holdings in SEA were worth $471,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the stock. OneDigital Investment Advisors LLC grew its stake in SEA by 45.7% in the third quarter. OneDigital Investment Advisors LLC now owns 6,190 shares of the Internet company based in Singapore’s stock valued at $584,000 after purchasing an additional 1,942 shares in the last quarter. LMR Partners LLP acquired a new position in SEA in the third quarter worth approximately $312,000. Caprock Group LLC bought a new position in SEA during the third quarter valued at approximately $267,000. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in SEA in the third quarter valued at approximately $707,000. Finally, PNC Financial Services Group Inc. grew its position in SEA by 322.8% in the third quarter. PNC Financial Services Group Inc. now owns 37,327 shares of the Internet company based in Singapore’s stock worth $3,519,000 after acquiring an additional 28,499 shares in the last quarter. 59.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

SEA Stock Up 0.7 %

NYSE SE opened at $127.07 on Friday. Sea Limited has a twelve month low of $51.70 and a twelve month high of $147.73. The stock has a market cap of $72.73 billion, a PE ratio of 847.15 and a beta of 1.61. The firm has a 50-day simple moving average of $124.94 and a 200 day simple moving average of $109.07. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.60 and a current ratio of 1.62.

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.