Sea Limited (NYSE:SE) Shares Sold by D.A. Davidson & CO.

D.A. Davidson & CO. trimmed its stake in shares of Sea Limited (NYSE:SE) by 4.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,328 shares of the Internet company based in Singapore’s stock after selling 188 shares during the quarter. D.A. Davidson & CO.’s holdings in SEA were worth $459,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Rosenberg Matthew Hamilton increased its position 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 valued at $28,000 after acquiring an additional 203 shares during the period. Truvestments Capital LLC acquired a new stake in shares of SEA in the third quarter worth $41,000. Icon Wealth Advisors LLC acquired a new stake in shares of SEA in the third quarter worth $47,000. Geneos Wealth Management Inc. boosted its position in shares of SEA by 4,663.6% in the fourth quarter. Geneos Wealth Management Inc. now owns 524 shares of the Internet company based in Singapore’s stock worth $56,000 after buying an additional 513 shares during the period. Finally, TD Private Client Wealth LLC raised its holdings in shares of SEA by 33.7% during 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 acquiring an additional 152 shares in the last quarter. 59.53% of the stock is currently owned by institutional investors and hedge funds.

SEA Stock Performance

NYSE:SE opened at $123.80 on Wednesday. Sea Limited has a 1 year low of $44.71 and a 1 year high of $139.18. The firm has a 50 day moving average of $117.75 and a 200-day moving average of $103.45. 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 market capitalization of $70.86 billion, a P/E ratio of 825.34 and a beta of 1.55.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. TD Cowen increased their price objective on SEA from $69.00 to $100.00 and gave the stock a “hold” rating in a report on Wednesday, November 13th. Dbs Bank raised SEA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 13th. Wedbush reaffirmed an “outperform” rating and issued a $105.00 price target (up from $84.00) on shares of SEA in a research report on Monday, November 4th. Phillip Securities reissued 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, Barclays lifted their target price on SEA from $94.00 to $131.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. One research 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 data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $91.21.

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.