Sea Limited (NYSE:SE) Shares Sold by Polymer Capital Management HK LTD

Polymer Capital Management HK LTD reduced its stake in shares of Sea Limited (NYSE:SE) by 61.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 21,300 shares of the Internet company based in Singapore’s stock after selling 33,420 shares during the period. Polymer Capital Management HK LTD’s holdings in SEA were worth $2,260,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in SE. Private Trust Co. NA grew its stake 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 valued at $26,000 after purchasing an additional 204 shares in the last quarter. Kestra Investment Management LLC bought a new stake in shares of SEA during the 4th quarter valued at about $34,000. Farther Finance Advisors LLC lifted its holdings 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 purchasing an additional 112 shares during the last quarter. Huntington National Bank boosted its holdings in shares of SEA by 783.6% during the fourth quarter. Huntington National Bank now owns 486 shares of the Internet company based in Singapore’s stock valued at $52,000 after acquiring an additional 431 shares during the period. Finally, Geneos Wealth Management Inc. grew its position in SEA by 4,663.6% in 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 during the last quarter. 59.53% of the stock is owned by institutional investors and hedge funds.

SEA Price Performance

Shares of SE stock opened at $106.18 on Friday. 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 12-month low of $51.70 and a 12-month high of $147.73. The firm has a fifty day moving average of $128.04 and a 200-day moving average of $113.06. The firm has a market capitalization of $60.77 billion, a price-to-earnings ratio of 707.88 and a beta of 1.73.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on SE. Loop Capital lifted their price objective on shares of SEA from $135.00 to $165.00 and gave the company a “buy” rating in a research note on Monday, March 31st. Jefferies Financial Group raised their price objective on shares of SEA from $131.00 to $157.00 and gave the company a “buy” rating in a research note on Tuesday, March 4th. Arete Research upgraded SEA to a “strong-buy” rating in a research report on Sunday, March 23rd. Benchmark lifted their price target on SEA from $130.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday, March 5th. Finally, Phillip Securities raised SEA from a “moderate sell” rating to a “hold” rating in a research note on Friday, March 7th. Three research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $121.40.

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.