Parallel Advisors LLC Sells 250 Shares of Sea Limited (NYSE:SE)

Parallel Advisors LLC lessened its stake in Sea Limited (NYSE:SE) by 4.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,815 shares of the Internet company based in Singapore’s stock after selling 250 shares during the period. Parallel Advisors LLC’s holdings in SEA were worth $617,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Private Trust Co. NA raised its position in SEA by 474.4% in the fourth 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 acquired a new position in SEA in the fourth quarter worth about $34,000. Farther Finance Advisors LLC raised its position 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 worth $39,000 after purchasing an additional 112 shares in the last quarter. Truvestments Capital LLC acquired a new position in SEA in the third quarter worth about $41,000. Finally, Icon Wealth Advisors LLC acquired a new position in SEA in the third quarter worth about $47,000. Institutional investors own 59.53% of the company’s stock.

Wall Street Analysts Forecast Growth

SE has been the subject of several recent research reports. 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. Benchmark raised their price objective on shares of SEA from $130.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, March 5th. Jefferies Financial Group raised their price objective on shares of SEA from $131.00 to $157.00 and gave the stock a “buy” rating in a report on Tuesday, March 4th. Phillip Securities raised shares of SEA from a “moderate sell” rating to a “hold” rating in a report on Friday, March 7th. Finally, Sanford C. Bernstein set a $145.00 price objective on shares of SEA and gave the stock an “outperform” rating in a report on Wednesday, March 5th. Three analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, SEA has a consensus rating of “Moderate Buy” and an average target price of $116.67.

SEA Stock Performance

Shares of SEA stock opened at $127.07 on Friday. Sea Limited has a fifty-two week low of $51.70 and a fifty-two week high of $147.73. The firm has a market cap of $72.73 billion, a P/E ratio of 847.15 and a beta of 1.61. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.62 and a quick ratio of 1.60. The firm has a 50 day simple moving average of $124.94 and a 200 day simple moving average of $109.07.

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.