Clearbridge Investments LLC Sells 77,026 Shares of Sea Limited (NYSE:SE)

Clearbridge Investments LLC reduced its stake in Sea Limited (NYSE:SE) by 3.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,509,363 shares of the Internet company based in Singapore’s stock after selling 77,026 shares during the quarter. Clearbridge Investments LLC owned approximately 0.44% of SEA worth $266,243,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of SE. Farther Finance Advisors LLC increased its stake in shares of 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. SOA Wealth Advisors LLC. raised its holdings in SEA by 33.3% during 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 acquiring an additional 150 shares during the period. TD Private Client Wealth LLC lifted its position in shares of 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 acquiring an additional 152 shares in the last quarter. Ballentine Partners LLC boosted its stake in shares of 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 worth $315,000 after acquiring an additional 158 shares during the period. 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 purchasing an additional 160 shares in the last quarter. 59.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on SE. Phillip Securities upgraded SEA from a “moderate sell” rating to a “hold” rating in a research note on Friday, March 7th. JPMorgan Chase & Co. raised their target price on shares of SEA from $133.00 to $160.00 and gave the company an “overweight” rating in a research note on Wednesday, March 5th. Sanford C. Bernstein set a $145.00 price target on shares of SEA and gave the stock an “outperform” rating in a research note on Wednesday, March 5th. Jefferies Financial Group raised their price objective on SEA from $131.00 to $157.00 and gave the company a “buy” rating in a research report on Tuesday, March 4th. Finally, Barclays boosted their target price on SEA from $148.00 to $182.00 and gave the stock an “overweight” rating in a research report on Friday, March 7th. Three analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $116.67.

SEA Stock Performance

Shares of SE stock opened at $130.96 on Friday. The firm has a market cap of $74.95 billion, a price-to-earnings ratio of 873.05 and a beta of 1.62. Sea Limited has a 52-week low of $51.70 and a 52-week high of $147.73. The company has a quick ratio of 1.60, a current ratio of 1.62 and a debt-to-equity ratio of 0.36. The company’s 50 day moving average is $127.28 and its 200 day moving average is $111.49.

SEA Company 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.