Private Advisor Group LLC Sells 1,278 Shares of Sea Limited (NYSE:SE)

Private Advisor Group LLC lowered its stake in shares of Sea Limited (NYSE:SE) by 39.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 1,989 shares of the Internet company based in Singapore’s stock after selling 1,278 shares during the period. Private Advisor Group LLC’s holdings in SEA were worth $211,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Global Retirement Partners LLC boosted its position in SEA by 342.7% in the fourth quarter. Global Retirement Partners LLC now owns 1,492 shares of the Internet company based in Singapore’s stock worth $158,000 after purchasing an additional 1,155 shares during the last quarter. New York State Common Retirement Fund boosted its position in shares of SEA by 69.5% during the 4th quarter. New York State Common Retirement Fund now owns 275,127 shares of the Internet company based in Singapore’s stock valued at $29,191,000 after acquiring an additional 112,799 shares during the last quarter. Kestra Investment Management LLC bought a new stake in shares of SEA during the 4th quarter valued at about $34,000. Atria Wealth Solutions Inc. lifted its position in SEA by 59.2% in the 4th quarter. Atria Wealth Solutions Inc. now owns 4,013 shares of the Internet company based in Singapore’s stock worth $426,000 after buying an additional 1,493 shares during the last quarter. Finally, Truist Financial Corp lifted its position in SEA by 41.4% in the 4th quarter. Truist Financial Corp now owns 53,737 shares of the Internet company based in Singapore’s stock worth $5,701,000 after buying an additional 15,745 shares during the last quarter. Institutional investors and hedge funds own 59.53% of the company’s stock.

SEA Stock Performance

Shares of SE opened at $139.46 on Friday. The company has a quick ratio of 1.60, a current ratio of 1.62 and a debt-to-equity ratio of 0.36. The business has a 50-day simple moving average of $120.13 and a two-hundred day simple moving average of $105.58. The stock has a market cap of $79.82 billion, a price-to-earnings ratio of 929.73 and a beta of 1.55. Sea Limited has a 52 week low of $51.70 and a 52 week high of $147.73.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on SE shares. Jefferies Financial Group lifted their price target on SEA from $131.00 to $157.00 and gave the stock a “buy” rating in a research note on Tuesday. Dbs Bank raised SEA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 13th. TD Cowen upped their price target on SEA from $69.00 to $100.00 and gave the stock a “hold” rating in a research note on Wednesday, November 13th. Phillip Securities reissued a “reduce” rating and issued a $100.00 target price (up from $80.00) on shares of SEA in a report on Tuesday, November 19th. Finally, Barclays upped their price target on SEA from $131.00 to $148.00 and gave the company an “overweight” rating in a report on Wednesday, February 26th. One analyst has rated the stock with a sell rating, two have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, SEA has an average rating of “Moderate Buy” and a consensus price target of $104.64.

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.