Sea Limited (NYSE:SE) Position Trimmed by Long Corridor Asset Management Ltd

Long Corridor Asset Management Ltd lessened its stake in shares of Sea Limited (NYSE:SE) by 16.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 50,000 shares of the Internet company based in Singapore’s stock after selling 10,000 shares during the period. SEA accounts for approximately 4.0% of Long Corridor Asset Management Ltd’s portfolio, making the stock its 7th biggest position. Long Corridor Asset Management Ltd’s holdings in SEA were worth $5,305,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Private Trust Co. NA lifted 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 valued at $26,000 after purchasing an additional 204 shares during the period. Kestra Investment Management LLC bought a new position in shares of SEA during the 4th quarter valued at $34,000. Farther Finance Advisors LLC boosted its stake 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 worth $39,000 after buying an additional 112 shares during the last quarter. Truvestments Capital LLC bought a new stake in shares of SEA in the third quarter worth $41,000. Finally, Icon Wealth Advisors LLC bought a new position in SEA in the third quarter valued at about $47,000. Hedge funds and other institutional investors own 59.53% of the company’s stock.

SEA Stock Performance

SEA stock opened at $129.69 on Tuesday. The company has a quick ratio of 1.60, a current ratio of 1.62 and a debt-to-equity ratio of 0.36. Sea Limited has a twelve month low of $51.70 and a twelve month high of $147.73. The company’s 50-day moving average price is $125.76 and its 200-day moving average price is $110.21. The company has a market cap of $74.23 billion, a PE ratio of 864.63 and a beta of 1.62.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Barclays upped their price target on shares of SEA from $148.00 to $182.00 and gave the company an “overweight” rating in a research report on Friday, March 7th. Benchmark raised their target price on shares of SEA from $130.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, March 5th. Jefferies Financial Group upped their price target on shares of SEA from $131.00 to $157.00 and gave the stock a “buy” rating in a research report on Tuesday, March 4th. UBS Group raised their price objective on shares of SEA from $135.00 to $176.00 and gave the company a “buy” rating in a research report on Friday, March 7th. Finally, JPMorgan Chase & Co. upped their target price on shares of SEA from $133.00 to $160.00 and gave the stock an “overweight” rating in a report on Wednesday, March 5th. Three equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $116.67.

SEA 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.