Sea Limited (NYSE:SE) Shares Sold by J. Goldman & Co LP

J. Goldman & Co LP reduced its stake in shares of Sea Limited (NYSE:SE - Free Report) by 55.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,000 shares of the Internet company based in Singapore's stock after selling 2,500 shares during the period. J. Goldman & Co LP's holdings in SEA were worth $212,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in SE. Claro Advisors LLC acquired a new position in SEA during the 4th quarter worth $264,000. Assenagon Asset Management S.A. bought a new stake in shares of SEA during the 4th quarter valued at about $463,000. Park Avenue Securities LLC raised its stake in SEA by 168.0% during the fourth quarter. Park Avenue Securities LLC now owns 20,153 shares of the Internet company based in Singapore's stock worth $2,138,000 after acquiring an additional 12,634 shares during the period. Moseley Investment Management Inc. lifted its holdings in SEA by 4.3% in the fourth quarter. Moseley Investment Management Inc. now owns 3,870 shares of the Internet company based in Singapore's stock worth $411,000 after acquiring an additional 161 shares during the last quarter. Finally, Ritholtz Wealth Management boosted its stake in SEA by 2.7% in the fourth quarter. Ritholtz Wealth Management now owns 6,458 shares of the Internet company based in Singapore's stock valued at $685,000 after acquiring an additional 170 shares during the period. 59.53% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

SE has been the topic of a number of research reports. Arete Research upgraded SEA to a "strong-buy" rating in a research report on Sunday, March 23rd. Wedbush restated an "outperform" rating and set a $135.00 price objective on shares of SEA in a research note on Tuesday, April 15th. Sanford C. Bernstein reiterated an "outperform" rating and issued a $170.00 target price on shares of SEA in a research note on Wednesday. Benchmark boosted their price target on shares of SEA from $150.00 to $180.00 and gave the company a "buy" rating in a report on Wednesday. Finally, Phillip Securities upgraded shares of SEA from a "moderate sell" rating to a "hold" rating in a research report on Friday, March 7th. Four 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. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $139.14.

SEA Price Performance

SE stock traded up $1.44 during trading on Thursday, hitting $164.62. The company had a trading volume of 6,284,798 shares, compared to its average volume of 4,504,972. The firm has a market capitalization of $96.98 billion, a price-to-earnings ratio of 1,097.47 and a beta of 1.70. The business has a 50 day moving average of $128.65 and a 200 day moving average of $120.04. Sea Limited has a fifty-two week low of $55.00 and a fifty-two week high of $164.85. The company has a current ratio of 1.62, a quick ratio of 1.60 and a debt-to-equity ratio of 0.36.

SEA 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.