Sea Limited (NYSE:SE) Shares Sold by JARISLOWSKY FRASER Ltd

JARISLOWSKY FRASER Ltd lessened its holdings in Sea Limited (NYSE:SE - Free Report) by 14.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 72,283 shares of the Internet company based in Singapore's stock after selling 12,233 shares during the quarter. JARISLOWSKY FRASER Ltd's holdings in SEA were worth $7,669,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of SE. Private Trust Co. NA grew its position in SEA by 474.4% during the 4th quarter. Private Trust Co. NA now owns 247 shares of the Internet company based in Singapore's stock worth $26,000 after purchasing an additional 204 shares during the last quarter. Kestra Investment Management LLC purchased a new stake in shares of SEA during the fourth quarter valued at $34,000. Farther Finance Advisors LLC increased its position in shares of SEA by 43.8% in the 4th quarter. Farther Finance Advisors LLC now owns 368 shares of the Internet company based in Singapore's stock valued at $39,000 after acquiring an additional 112 shares during the period. Banque Transatlantique SA purchased a new position in SEA in the 4th quarter worth $39,000. Finally, Huntington National Bank lifted its position in SEA by 783.6% during the 4th 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 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 brokerages have recently weighed in on SE. Jefferies Financial Group increased their price objective on SEA from $131.00 to $157.00 and gave the company a "buy" rating in a report on Tuesday, March 4th. Sanford C. Bernstein set a $145.00 price target on shares of SEA and gave the stock an "outperform" rating in a research report on Wednesday, March 5th. Wedbush reaffirmed an "outperform" rating and issued a $135.00 price objective on shares of SEA in a report on Tuesday, April 15th. Barclays raised their target price on shares of SEA from $148.00 to $182.00 and gave the stock an "overweight" rating in a report on Friday, March 7th. Finally, JPMorgan Chase & Co. lowered shares of SEA from an "overweight" rating to a "neutral" rating and lowered their price target for the company from $160.00 to $135.00 in a report on Wednesday, April 16th. Five analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, SEA presently has an average rating of "Moderate Buy" and a consensus price target of $130.00.

SEA Trading Down 4.6 %

Shares of NYSE:SE opened at $139.18 on Friday. The business's 50 day moving average price is $127.18 and its 200-day moving average price is $118.62. Sea Limited has a 1 year low of $55.00 and a 1 year high of $147.73. The firm has a market capitalization of $81.99 billion, a price-to-earnings ratio of 927.87 and a beta of 1.70. 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.

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