Fjarde AP Fonden Fourth Swedish National Pension Fund Sells 3,700 Shares of Sea Limited (NYSE:SE)

Fjarde AP Fonden Fourth Swedish National Pension Fund cut its holdings in Sea Limited (NYSE:SE) by 4.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 78,508 shares of the Internet company based in Singapore’s stock after selling 3,700 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in SEA were worth $8,330,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of SE. SOA Wealth Advisors LLC. lifted its position in shares of SEA by 33.3% in the 3rd quarter. SOA Wealth Advisors LLC. now owns 600 shares of the Internet company based in Singapore’s stock worth $57,000 after purchasing an additional 150 shares during the period. TD Private Client Wealth LLC raised its stake in SEA by 33.7% in the third quarter. TD Private Client Wealth LLC now owns 603 shares of the Internet company based in Singapore’s stock worth $57,000 after buying an additional 152 shares in the last quarter. Ballentine Partners LLC lifted its holdings in SEA by 5.6% in the fourth quarter. Ballentine Partners LLC now owns 2,970 shares of the Internet company based in Singapore’s stock worth $315,000 after buying an additional 158 shares during the period. Integrated Wealth Concepts LLC boosted its position in SEA by 2.6% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 6,357 shares of the Internet company based in Singapore’s stock valued at $599,000 after acquiring an additional 160 shares in the last quarter. Finally, Moseley Investment Management Inc. boosted its position in SEA by 4.3% during the 4th quarter. Moseley Investment Management Inc. now owns 3,870 shares of the Internet company based in Singapore’s stock valued at $411,000 after acquiring an additional 161 shares in the last quarter. Hedge funds and other institutional investors own 59.53% of the company’s stock.

SEA Trading Down 0.5 %

SEA stock opened at $126.95 on Tuesday. Sea Limited has a one year low of $44.71 and a one year high of $139.18. The business’s fifty day moving average is $117.59 and its 200 day moving average is $103.03. The stock has a market capitalization of $72.66 billion, a PE ratio of 846.30 and a beta of 1.55. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.62 and a quick ratio of 1.60.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Dbs Bank upgraded SEA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 13th. Phillip Securities reissued a “reduce” rating and set a $100.00 price objective (up previously from $80.00) on shares of SEA in a research report on Tuesday, November 19th. Barclays upped their target price on shares of SEA from $94.00 to $131.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. TD Cowen lifted their price target on shares of SEA from $69.00 to $100.00 and gave the company a “hold” rating in a research report on Wednesday, November 13th. Finally, Benchmark boosted their price objective on shares of SEA from $94.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. One analyst has rated the stock with a sell rating, two have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, SEA has an average rating of “Moderate Buy” and a consensus target price of $91.21.

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.