Jefferies Financial Group Inc. Trims Stock Position in Sea Limited (NYSE:SE)

Jefferies Financial Group Inc. lessened its stake in shares of Sea Limited (NYSE:SE - Free Report) by 99.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 8,804 shares of the Internet company based in Singapore's stock after selling 4,551,863 shares during the period. Jefferies Financial Group Inc.'s holdings in SEA were worth $934,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Private Trust Co. NA lifted its position in shares of SEA by 474.4% during the 4th quarter. Private Trust Co. NA now owns 247 shares of the Internet company based in Singapore's stock valued at $26,000 after acquiring an additional 204 shares during the period. Kestra Investment Management LLC acquired a new position in SEA during the fourth quarter worth $34,000. Farther Finance Advisors LLC raised its holdings in SEA by 43.8% during the fourth quarter. Farther Finance Advisors LLC now owns 368 shares of the Internet company based in Singapore's stock worth $39,000 after buying an additional 112 shares during the last quarter. Banque Transatlantique SA acquired a new position in SEA during the fourth quarter worth $39,000. Finally, Huntington National Bank raised its holdings in SEA by 783.6% during the fourth quarter. Huntington National Bank now owns 486 shares of the Internet company based in Singapore's stock worth $52,000 after buying an additional 431 shares during the last quarter. Institutional investors and hedge funds own 59.53% of the company's stock.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Phillip Securities upgraded shares of SEA from a "moderate sell" rating to a "hold" rating in a report on Friday, March 7th. UBS Group upped their price objective on shares of SEA from $135.00 to $176.00 and gave the stock a "buy" rating in a report on Friday, March 7th. Sanford C. Bernstein reiterated an "outperform" rating and issued a $170.00 target price on shares of SEA in a report on Wednesday, May 14th. Wedbush reiterated an "outperform" rating on shares of SEA in a report on Wednesday, May 14th. Finally, Loop Capital restated a "buy" rating and set a $190.00 price target (up previously from $165.00) on shares of SEA in a research report on Thursday. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, SEA currently has a consensus rating of "Moderate Buy" and an average target price of $147.15.

SEA Stock Performance

NYSE:SE traded up $4.69 during mid-day trading on Monday, reaching $165.06. The company's stock had a trading volume of 3,275,381 shares, compared to its average volume of 4,452,036. Sea Limited has a 12-month low of $55.00 and a 12-month high of $169.28. The firm's fifty day moving average price is $137.07 and its two-hundred day moving average price is $125.80. 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 market cap of $97.24 billion, a P/E ratio of 1,100.39 and a beta of 1.70.

SEA (NYSE:SE - Get Free Report) last issued its earnings results on Tuesday, May 13th. The Internet company based in Singapore reported $0.65 earnings per share for the quarter, missing analysts' consensus estimates of $0.93 by ($0.28). SEA had a return on equity of 1.40% and a net margin of 0.64%. The business had revenue of $4.84 billion during the quarter, compared to analysts' expectations of $4.90 billion. During the same period last year, the firm posted ($0.04) EPS. SEA's quarterly revenue was up 29.6% compared to the same quarter last year. On average, equities analysts forecast that Sea Limited will post 0.74 EPS for the current fiscal year.

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.