Pitcairn Co. Lowers Stock Holdings in Sea Limited (NYSE:SE)

Pitcairn Co. lowered its position in shares of Sea Limited (NYSE:SE) by 6.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,646 shares of the Internet company based in Singapore’s stock after selling 739 shares during the period. Pitcairn Co.’s holdings in SEA were worth $1,130,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its position in shares of SEA by 9.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 271,747 shares of the Internet company based in Singapore’s stock valued at $25,620,000 after purchasing an additional 24,216 shares in the last quarter. Edgestream Partners L.P. purchased a new position in SEA during the third quarter worth about $215,000. HighTower Advisors LLC grew its position in SEA by 160.3% during the third quarter. HighTower Advisors LLC now owns 38,836 shares of the Internet company based in Singapore’s stock worth $3,669,000 after buying an additional 23,914 shares in the last quarter. Janus Henderson Group PLC raised its holdings in shares of SEA by 24.6% in the 3rd quarter. Janus Henderson Group PLC now owns 248,629 shares of the Internet company based in Singapore’s stock valued at $23,437,000 after acquiring an additional 49,043 shares in the last quarter. Finally, Investment Management Corp of Ontario raised its holdings in shares of SEA by 46.1% in the 3rd quarter. Investment Management Corp of Ontario now owns 12,048 shares of the Internet company based in Singapore’s stock valued at $1,136,000 after acquiring an additional 3,800 shares in the last quarter. Institutional investors own 59.53% of the company’s stock.

SEA Trading Down 11.6 %

NYSE:SE opened at $106.18 on Friday. The firm has a market capitalization of $60.77 billion, a P/E ratio of 707.88 and a beta of 1.73. The company has a quick ratio of 1.60, a current ratio of 1.62 and a debt-to-equity ratio of 0.36. The company has a fifty day moving average of $128.04 and a 200 day moving average of $112.83. Sea Limited has a 52 week low of $51.70 and a 52 week high of $147.73.

Analyst Ratings Changes

Several research firms recently weighed in on SE. JPMorgan Chase & Co. upped their price objective on shares of SEA from $133.00 to $160.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 5th. Sanford C. Bernstein set a $145.00 price target on shares of SEA and gave the stock an “outperform” rating in a report on Wednesday, March 5th. Barclays lifted their price objective on shares of SEA from $148.00 to $182.00 and gave the stock an “overweight” rating in a report on Friday, March 7th. Loop Capital increased their target price on SEA from $135.00 to $165.00 and gave the company a “buy” rating in a research note on Monday, March 31st. Finally, Benchmark lifted their price target on SEA from $130.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, March 5th. Three analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, SEA has a consensus rating of “Moderate Buy” and a consensus target price of $121.40.

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.