Arohi Asset Management PTE Ltd. Cuts Position in Sea Limited (NYSE:SE)

Arohi Asset Management PTE Ltd. reduced its position in Sea Limited (NYSE:SE - Free Report) by 6.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,861,758 shares of the Internet company based in Singapore's stock after selling 126,200 shares during the period. SEA makes up approximately 53.9% of Arohi Asset Management PTE Ltd.'s holdings, making the stock its largest holding. Arohi Asset Management PTE Ltd. owned approximately 0.33% of SEA worth $197,533,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of SE. Farther Finance Advisors LLC boosted its position 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 worth $39,000 after buying an additional 112 shares during the period. SOA Wealth Advisors LLC. lifted its position in shares of SEA by 25.0% during the fourth quarter. SOA Wealth Advisors LLC. now owns 750 shares of the Internet company based in Singapore's stock worth $80,000 after purchasing an additional 150 shares in the last quarter. Ballentine Partners LLC boosted its stake in shares of SEA by 5.6% in the fourth quarter. Ballentine Partners LLC now owns 2,970 shares of the Internet company based in Singapore's stock valued at $315,000 after purchasing an additional 158 shares during the period. Roberts Wealth Advisors LLC grew its holdings in SEA by 0.7% during the 4th quarter. Roberts Wealth Advisors LLC now owns 23,477 shares of the Internet company based in Singapore's stock valued at $2,602,000 after purchasing an additional 161 shares in the last quarter. Finally, Moseley Investment Management Inc. increased its stake in SEA by 4.3% during the 4th quarter. Moseley Investment Management Inc. now owns 3,870 shares of the Internet company based in Singapore's stock worth $411,000 after buying an additional 161 shares during the period. Hedge funds and other institutional investors own 59.53% of the company's stock.

Wall Street Analysts Forecast Growth

SE has been the subject of several recent analyst reports. Loop Capital raised their target price on SEA from $135.00 to $165.00 and gave the company a "buy" rating in a research note on Monday, March 31st. Wedbush restated an "outperform" rating and set a $135.00 price objective on shares of SEA in a report on Tuesday, April 15th. Benchmark increased their target price on SEA from $130.00 to $150.00 and gave the company a "buy" rating in a research note on Wednesday, March 5th. Barclays raised their price target on shares of SEA from $148.00 to $182.00 and gave the stock an "overweight" rating in a research report on Friday, March 7th. Finally, Jefferies Financial Group upped their price target on shares of SEA from $131.00 to $157.00 and gave the company a "buy" rating in a report on Tuesday, March 4th. Four equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, SEA has an average rating of "Moderate Buy" and a consensus price target of $125.43.

SEA Stock Performance

Shares of NYSE:SE traded up $0.75 during trading on Monday, reaching $142.53. 2,556,571 shares of the company's stock traded hands, compared to its average volume of 4,560,104. The stock has a market capitalization of $83.97 billion, a P/E ratio of 950.20 and a beta of 1.70. Sea Limited has a 12 month low of $55.00 and a 12 month high of $147.73. The company has a 50 day moving average of $125.98 and a 200-day moving average of $117.55. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.62 and a quick ratio of 1.60.

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.