Sea Limited (NYSE:SE) Shares Sold by River Global Investors LLP

River Global Investors LLP cut its position in Sea Limited (NYSE:SE) by 44.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,020 shares of the Internet company based in Singapore’s stock after selling 12,563 shares during the quarter. River Global Investors LLP’s holdings in SEA were worth $1,699,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Portside Wealth Group LLC purchased a new position in SEA in the 3rd quarter valued at about $284,000. AIA Group Ltd lifted its stake in shares of SEA by 9.0% in the third quarter. AIA Group Ltd now owns 604,683 shares of the Internet company based in Singapore’s stock worth $57,010,000 after acquiring an additional 49,970 shares in the last quarter. Granite Group Advisors LLC purchased a new position in SEA in the third quarter valued at about $346,000. Equitable Trust Co. grew its stake in SEA by 33.8% during the 3rd quarter. Equitable Trust Co. now owns 180,059 shares of the Internet company based in Singapore’s stock valued at $16,976,000 after purchasing an additional 45,467 shares in the last quarter. Finally, Verdence Capital Advisors LLC increased its holdings in SEA by 86.1% during the 3rd quarter. Verdence Capital Advisors LLC now owns 7,496 shares of the Internet company based in Singapore’s stock worth $707,000 after purchasing an additional 3,469 shares during the last quarter. 59.53% of the stock is owned by institutional investors and hedge funds.

SEA Stock Down 2.3 %

NYSE:SE opened at $135.93 on Friday. The company has a current ratio of 1.62, a quick ratio of 1.60 and a debt-to-equity ratio of 0.36. The stock has a 50 day moving average of $120.72 and a 200-day moving average of $105.81. The firm has a market capitalization of $77.80 billion, a PE ratio of 906.18 and a beta of 1.55. Sea Limited has a 52 week low of $51.70 and a 52 week high of $147.73.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. JPMorgan Chase & Co. increased their target price on SEA from $133.00 to $160.00 and gave the company an “overweight” rating in a research note on Wednesday. TD Cowen increased their price objective on shares of SEA from $69.00 to $100.00 and gave the company a “hold” rating in a research note on Wednesday, November 13th. Barclays boosted their target price on shares of SEA from $148.00 to $182.00 and gave the stock an “overweight” rating in a research report on Friday. UBS Group increased their price target on shares of SEA from $135.00 to $176.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Jefferies Financial Group boosted their price objective on SEA from $131.00 to $157.00 and gave the company a “buy” rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $111.67.

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.