Sea Limited (NYSE:SE) Shares Sold by Baird Financial Group Inc.

Baird Financial Group Inc. reduced its stake in Sea Limited (NYSE:SE - Free Report) by 18.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 493,234 shares of the Internet company based in Singapore's stock after selling 108,821 shares during the quarter. Baird Financial Group Inc. owned approximately 0.09% of SEA worth $52,332,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Perpetual Ltd lifted its stake in SEA by 3,033.0% during the fourth quarter. Perpetual Ltd now owns 2,098,003 shares of the Internet company based in Singapore's stock worth $222,598,000 after purchasing an additional 2,031,038 shares during the last quarter. Ninety One UK Ltd grew its stake in shares of SEA by 1,673.2% in the 4th quarter. Ninety One UK Ltd now owns 1,243,888 shares of the Internet company based in Singapore's stock worth $131,977,000 after buying an additional 1,173,738 shares during the last quarter. SeaTown Holdings Pte. Ltd. bought a new position in shares of SEA in the fourth quarter worth approximately $4,821,000. Charles Schwab Investment Management Inc. increased its holdings in SEA by 7.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 291,158 shares of the Internet company based in Singapore's stock worth $30,892,000 after buying an additional 19,411 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its holdings in shares of SEA by 95.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 12,558 shares of the Internet company based in Singapore's stock valued at $1,332,000 after buying an additional 6,140 shares during the period. Hedge funds and other institutional investors own 59.53% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on SE shares. JPMorgan Chase & Co. cut shares of SEA from an "overweight" rating to a "neutral" rating and reduced their price objective for the stock from $160.00 to $135.00 in a research note on Wednesday, April 16th. Loop Capital increased their target price on SEA from $135.00 to $165.00 and gave the company a "buy" rating in a research report on Monday, March 31st. Wedbush reissued 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 set a $145.00 price target on shares of SEA and gave the company an "outperform" rating in a report on Wednesday, March 5th. Finally, Arete Research raised SEA to a "strong-buy" rating in a research note on Sunday, March 23rd. Four research analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $125.43.

SEA Stock Down 0.0 %

SEA stock traded down $0.03 during trading on Wednesday, reaching $142.44. 4,374,924 shares of the company's stock were exchanged, compared to its average volume of 4,548,546. The company's 50-day moving average is $126.60 and its two-hundred day moving average is $117.89. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.60 and a current ratio of 1.62. Sea Limited has a 52-week low of $55.00 and a 52-week high of $147.73. The firm has a market cap of $83.91 billion, a price-to-earnings ratio of 949.60 and a beta of 1.70.

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.