Financial Perspectives Inc Sells 111 Shares of Sea Limited (NYSE:SE)

Financial Perspectives Inc reduced its holdings in shares of Sea Limited (NYSE:SE) by 0.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 13,294 shares of the Internet company based in Singapore’s stock after selling 111 shares during the quarter. Financial Perspectives Inc’s holdings in SEA were worth $1,411,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Baillie Gifford & Co. boosted its stake in shares of SEA by 3.5% during the 4th quarter. Baillie Gifford & Co. now owns 40,954,549 shares of the Internet company based in Singapore’s stock worth $4,345,278,000 after acquiring an additional 1,390,531 shares during the period. WCM Investment Management LLC boosted its stake in SEA by 22.8% in the 4th quarter. WCM Investment Management LLC now owns 25,663,667 shares of the Internet company based in Singapore’s stock valued at $2,758,331,000 after purchasing an additional 4,761,289 shares during the period. Kaizen Investment Management Pte. Ltd. bought a new stake in SEA in the 3rd quarter valued at $587,544,000. Geode Capital Management LLC boosted its stake in SEA by 4.2% in the 3rd quarter. Geode Capital Management LLC now owns 3,059,521 shares of the Internet company based in Singapore’s stock valued at $283,543,000 after purchasing an additional 124,433 shares during the period. Finally, Perpetual Ltd boosted its stake in SEA by 3,033.0% in the 4th quarter. Perpetual Ltd now owns 2,098,003 shares of the Internet company based in Singapore’s stock valued at $222,598,000 after purchasing an additional 2,031,038 shares during the period. 59.53% of the stock is currently owned by institutional investors.

SEA Price Performance

SEA stock opened at $139.06 on Wednesday. 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 52 week low of $43.27 and a 52 week high of $139.18. The stock has a market capitalization of $79.59 billion, a P/E ratio of 927.05 and a beta of 1.55. The stock has a fifty day moving average of $116.40 and a 200-day moving average of $101.06.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Barclays boosted their price target on SEA from $94.00 to $131.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. Wedbush restated an “outperform” rating and issued a $105.00 price target (up from $84.00) on shares of SEA in a research note on Monday, November 4th. Phillip Securities reiterated a “reduce” rating and set a $100.00 target price (up from $80.00) on shares of SEA in a research report on Tuesday, November 19th. Benchmark upped their target price on SEA from $94.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Finally, TD Cowen upped their target price on SEA from $69.00 to $100.00 and gave the company a “hold” rating in a research report on Wednesday, November 13th. One analyst has rated the stock with a sell rating, two have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $91.21.

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.