Slate Path Capital LP Has $135.74 Million Holdings in Sea Limited (NYSE:SE)

Slate Path Capital LP lessened its stake in shares of Sea Limited (NYSE:SE - Free Report) by 30.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,279,330 shares of the Internet company based in Singapore's stock after selling 550,570 shares during the period. SEA accounts for 2.5% of Slate Path Capital LP's portfolio, making the stock its 15th largest holding. Slate Path Capital LP owned 0.22% of SEA worth $135,737,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Private Trust Co. NA increased its position in SEA by 474.4% during the fourth quarter. Private Trust Co. NA now owns 247 shares of the Internet company based in Singapore's stock worth $26,000 after acquiring an additional 204 shares during the period. Kestra Investment Management LLC bought a new position in SEA during the fourth quarter valued at about $34,000. Farther Finance Advisors LLC raised its holdings in 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 in the last quarter. Huntington National Bank lifted its position in shares of SEA by 783.6% in 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. Finally, Geneos Wealth Management Inc. grew its holdings in shares of SEA by 4,663.6% during the 4th quarter. Geneos Wealth Management Inc. now owns 524 shares of the Internet company based in Singapore's stock worth $56,000 after purchasing an additional 513 shares in the last quarter. Institutional investors own 59.53% of the company's stock.

SEA Trading Up 3.0 %

SE stock traded up $3.78 during midday trading on Friday, hitting $128.01. 3,518,652 shares of the company's stock were exchanged, compared to its average volume of 4,612,289. Sea Limited has a one year low of $55.00 and a one year high of $147.73. The stock's fifty day moving average price is $125.11 and its 200-day moving average price is $115.97. The company has a market cap of $73.27 billion, a PE ratio of 853.40 and a beta of 1.73. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.60 and a current ratio of 1.62.

Wall Street Analyst Weigh In

Several research analysts recently commented on SE shares. Phillip Securities raised SEA from a "moderate sell" rating to a "hold" rating in a research report on Friday, March 7th. Jefferies Financial Group raised their price objective on shares of SEA from $131.00 to $157.00 and gave the stock a "buy" rating in a report on Tuesday, March 4th. Sanford C. Bernstein set a $145.00 target price on shares of SEA and gave the company an "outperform" rating in a research report on Wednesday, March 5th. Arete Research upgraded shares of SEA to a "strong-buy" rating in a research note on Sunday, March 23rd. Finally, UBS Group increased their price target on SEA from $135.00 to $176.00 and gave the company a "buy" rating in a research note on Friday, March 7th. Four equities research analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned 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 a consensus target price of $125.43.

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.