Cresset Asset Management LLC Sells 7,925 Shares of Sea Limited (NYSE:SE)

Cresset Asset Management LLC lessened its holdings in Sea Limited (NYSE:SE - Free Report) by 34.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,898 shares of the Internet company based in Singapore's stock after selling 7,925 shares during the period. Cresset Asset Management LLC's holdings in SEA were worth $1,581,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of SE. Perpetual Ltd boosted its stake in shares of 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 valued at $222,598,000 after purchasing an additional 2,031,038 shares in the last quarter. Ninety One UK Ltd boosted its position in SEA by 1,673.2% during 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 period. SeaTown Holdings Pte. Ltd. bought a new stake in SEA during the 4th quarter worth approximately $4,821,000. Charles Schwab Investment Management Inc. increased its position 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 valued at $30,892,000 after acquiring an additional 19,411 shares during the period. Finally, Nisa Investment Advisors LLC raised its stake in shares of SEA by 95.7% during the fourth 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 acquiring an additional 6,140 shares during the last quarter. Institutional investors and hedge funds own 59.53% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on SE. Barclays boosted their price objective on shares of SEA from $182.00 to $200.00 and gave the stock an "overweight" rating in a research note on Thursday. Arete Research upgraded SEA to a "strong-buy" rating in a research report on Sunday, March 23rd. Sanford C. Bernstein restated an "outperform" rating and set a $170.00 target price on shares of SEA in a research report on Wednesday. Phillip Securities upgraded SEA from a "moderate sell" rating to a "hold" rating in a report on Friday, March 7th. Finally, Benchmark increased their price target on SEA from $150.00 to $180.00 and gave the stock a "buy" rating in a report on Wednesday. Four equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, SEA presently has an average rating of "Moderate Buy" and an average price target of $139.14.

SEA Stock Up 0.9%

Shares of SE traded up $1.44 during trading hours on Thursday, reaching $164.62. 6,246,287 shares of the stock traded hands, compared to its average volume of 4,516,435. Sea Limited has a 52 week low of $55.00 and a 52 week high of $164.85. The company has a market cap of $96.98 billion, a price-to-earnings ratio of 1,097.47 and a beta of 1.70. The stock has a fifty day simple moving average of $127.90 and a 200 day simple moving average of $119.59. The company has a current ratio of 1.62, a quick ratio of 1.60 and a debt-to-equity ratio of 0.36.

About SEA

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.