Ieq Capital LLC Sells 91 Shares of Sea Limited (NYSE:SE)

Ieq Capital LLC reduced its stake in shares of Sea Limited (NYSE:SE) by 0.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 21,568 shares of the Internet company based in Singapore’s stock after selling 91 shares during the period. Ieq Capital LLC’s holdings in SEA were worth $2,288,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Rosenberg Matthew Hamilton boosted its stake in SEA by 213.7% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 298 shares of the Internet company based in Singapore’s stock worth $28,000 after purchasing an additional 203 shares during the period. Kestra Investment Management LLC bought a new stake in SEA in the fourth quarter worth $34,000. Truvestments Capital LLC purchased a new position in shares of SEA during the 3rd quarter worth about $41,000. Icon Wealth Advisors LLC bought a new position in shares of SEA during the third quarter valued at approximately $47,000. 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 valued at $56,000 after acquiring an additional 513 shares during the last quarter. 59.53% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

SE has been the topic of several research analyst reports. Wedbush reissued an “outperform” rating and issued a $105.00 price objective (up previously from $84.00) on shares of SEA in a research note on Monday, November 4th. TD Cowen lifted their price target on shares of SEA from $69.00 to $100.00 and gave the stock a “hold” rating in a report on Wednesday, November 13th. Benchmark raised their price objective on SEA from $94.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Phillip Securities reaffirmed a “reduce” rating and set a $100.00 target price (up from $80.00) on shares of SEA in a research report on Tuesday, November 19th. Finally, Dbs Bank raised SEA from a “hold” rating to a “strong-buy” rating in a report 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 issued a strong buy rating to the stock. Based on data from MarketBeat, SEA presently has a consensus rating of “Moderate Buy” and an average target price of $91.21.

SEA Stock Performance

Shares of NYSE SE opened at $128.70 on Monday. The company has a 50 day simple moving average of $117.34 and a two-hundred day simple moving average of $102.58. The stock has a market cap of $73.66 billion, a price-to-earnings ratio of 858.00 and a beta of 1.55. The company has a current ratio of 1.62, a quick ratio of 1.60 and a debt-to-equity ratio of 0.36. Sea Limited has a 12 month low of $43.27 and a 12 month high of $139.18.

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.