Sea Limited (NYSE:SE) Shares Sold by Clearbridge Investments LLC

Clearbridge Investments LLC lessened its holdings in Sea Limited (NYSE:SE) by 3.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 2,509,363 shares of the Internet company based in Singapore’s stock after selling 77,026 shares during the quarter. Clearbridge Investments LLC’s holdings in SEA were worth $266,243,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of SE. Charles Schwab Investment Management Inc. raised its holdings in SEA by 9.8% in 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 acquiring an additional 24,216 shares during the last quarter. Cerity Partners LLC lifted its position in SEA by 128.4% during the third quarter. Cerity Partners LLC now owns 19,842 shares of the Internet company based in Singapore’s stock worth $1,871,000 after buying an additional 11,153 shares in the last quarter. Bank of Montreal Can grew its holdings in shares of SEA by 4.1% in the third quarter. Bank of Montreal Can now owns 144,111 shares of the Internet company based in Singapore’s stock valued at $13,591,000 after purchasing an additional 5,648 shares during the period. Townsquare Capital LLC boosted its holdings in SEA by 85.8% in the 3rd quarter. Townsquare Capital LLC now owns 21,424 shares of the Internet company based in Singapore’s stock valued at $2,020,000 after purchasing an additional 9,893 shares during the last quarter. Finally, Glenmede Trust Co. NA boosted its holdings in SEA by 590.1% in the 3rd quarter. Glenmede Trust Co. NA now owns 23,319 shares of the Internet company based in Singapore’s stock valued at $2,199,000 after purchasing an additional 19,940 shares during the last quarter. Hedge funds and other institutional investors own 59.53% of the company’s stock.

Wall Street Analyst Weigh In

SE has been the topic of several recent analyst reports. JPMorgan Chase & Co. upped their price target on SEA from $133.00 to $160.00 and gave the company an “overweight” rating in a research note on Wednesday, March 5th. Sanford C. Bernstein set a $145.00 target price on shares of SEA and gave the stock an “outperform” rating in a research note on Wednesday, March 5th. Jefferies Financial Group boosted their price target 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. Benchmark increased their price objective on shares of SEA from $130.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, March 5th. Finally, Phillip Securities upgraded SEA from a “moderate sell” rating to a “hold” rating in a research note on Friday, March 7th. Three equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $116.67.

SEA Price Performance

Shares of NYSE:SE opened at $130.96 on Friday. The company’s fifty day moving average price is $127.28 and its 200 day moving average price is $111.49. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.62 and a quick ratio of 1.60. Sea Limited has a 12 month low of $51.70 and a 12 month high of $147.73. The firm has a market capitalization of $74.95 billion, a P/E ratio of 873.05 and a beta of 1.62.

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.