Jefferies Financial Group Inc. Has $934,000 Stake in Sea Limited (NYSE:SE)

Jefferies Financial Group Inc. lowered its holdings in shares of Sea Limited (NYSE:SE - Free Report) by 99.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,804 shares of the Internet company based in Singapore's stock after selling 4,551,863 shares during the quarter. Jefferies Financial Group Inc.'s holdings in SEA were worth $934,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Private Trust Co. NA increased its position in shares of SEA by 474.4% in the fourth 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 last quarter. Kestra Investment Management LLC acquired a new stake in shares of SEA in the 4th quarter valued at approximately $34,000. Farther Finance Advisors LLC grew 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 valued at $39,000 after buying an additional 112 shares in 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 position 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 acquiring an additional 431 shares in the last quarter. Institutional investors own 59.53% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Benchmark raised their target price on shares of SEA from $150.00 to $180.00 and gave the company a "buy" rating in a research note on Wednesday, May 14th. Phillip Securities raised SEA from a "moderate sell" rating to a "hold" rating in a research report on Friday, March 7th. Arete Research raised SEA to a "strong-buy" rating in a report on Sunday, March 23rd. JPMorgan Chase & Co. upgraded SEA from a "neutral" rating to an "overweight" rating and increased their price objective for the stock from $135.00 to $190.00 in a research report on Tuesday, May 13th. Finally, Bank of America cut shares of SEA from a "buy" rating to a "neutral" rating and set a $160.00 target price for the company. in a research report on Friday, May 9th. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $145.23.

SEA Price Performance

Shares of SE stock traded up $1.10 during trading hours on Monday, reaching $162.61. The company's stock had a trading volume of 3,967,211 shares, compared to its average volume of 4,472,202. Sea Limited has a fifty-two week low of $55.00 and a fifty-two week high of $165.31. The firm's 50 day simple moving average is $129.33 and its 200-day simple moving average is $120.85. 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 has a market capitalization of $95.80 billion, a price-to-earnings ratio of 1,084.07 and a beta of 1.70.

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