Connor Clark & Lunn Investment Management Ltd. Lowers Stake in Sea Limited (NYSE:SE)

Connor Clark & Lunn Investment Management Ltd. reduced its position in Sea Limited (NYSE:SE) by 2.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 553,140 shares of the Internet company based in Singapore’s stock after selling 12,333 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in SEA were worth $58,688,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Perpetual Ltd raised its holdings in SEA by 3,033.0% during the fourth quarter. Perpetual Ltd now owns 2,098,003 shares of the Internet company based in Singapore’s stock valued at $222,598,000 after acquiring an additional 2,031,038 shares during the period. Ninety One UK Ltd raised its holdings in SEA by 1,673.2% during the fourth quarter. Ninety One UK Ltd now owns 1,243,888 shares of the Internet company based in Singapore’s stock valued at $131,977,000 after acquiring an additional 1,173,738 shares during the period. M&T Bank Corp raised its holdings in SEA by 2,163.9% during the third quarter. M&T Bank Corp now owns 74,505 shares of the Internet company based in Singapore’s stock valued at $7,024,000 after acquiring an additional 71,214 shares during the period. Atria Investments Inc raised its holdings in SEA by 262.5% during the third quarter. Atria Investments Inc now owns 14,621 shares of the Internet company based in Singapore’s stock valued at $1,378,000 after acquiring an additional 10,588 shares during the period. Finally, PNC Financial Services Group Inc. raised its holdings in SEA by 322.8% during the third quarter. PNC Financial Services Group Inc. now owns 37,327 shares of the Internet company based in Singapore’s stock valued at $3,519,000 after acquiring an additional 28,499 shares during the period. 59.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Barclays raised their price target on SEA from $148.00 to $182.00 and gave the company an “overweight” rating in a report on Friday, March 7th. TD Cowen lifted their target price on SEA from $69.00 to $100.00 and gave the stock a “hold” rating in a report on Wednesday, November 13th. JPMorgan Chase & Co. lifted their target price on SEA from $133.00 to $160.00 and gave the stock an “overweight” rating in a report on Wednesday, March 5th. Dbs Bank raised SEA from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 13th. Finally, UBS Group lifted their target price on SEA from $135.00 to $176.00 and gave the stock a “buy” rating in a report on Friday, March 7th. Three research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $116.67.

SEA Trading Up 1.2 %

SE opened at $129.28 on Thursday. The firm has a market cap of $73.99 billion, a P/E ratio of 861.85 and a beta of 1.62. Sea Limited has a 12 month low of $51.70 and a 12 month high of $147.73. The company has a current ratio of 1.62, a quick ratio of 1.60 and a debt-to-equity ratio of 0.36. The stock has a 50-day moving average of $122.09 and a 200 day moving average of $107.16.

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.