Sea Limited (NYSE:SE) Shares Sold by Cresset Asset Management LLC

Cresset Asset Management LLC lessened its position in Sea Limited (NYSE:SE) by 34.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,898 shares of the Internet company based in Singapore’s stock after selling 7,925 shares during the quarter. Cresset Asset Management LLC’s holdings in SEA were worth $1,581,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in SE. Claro Advisors LLC purchased a new stake in shares of SEA in the fourth quarter valued at approximately $264,000. Assenagon Asset Management S.A. purchased a new stake in SEA in the 4th quarter valued at $463,000. Park Avenue Securities LLC raised its holdings in shares of SEA by 168.0% during the 4th quarter. Park Avenue Securities LLC now owns 20,153 shares of the Internet company based in Singapore’s stock worth $2,138,000 after acquiring an additional 12,634 shares during the period. Moseley Investment Management Inc. grew its holdings in shares of SEA by 4.3% in the fourth quarter. Moseley Investment Management Inc. now owns 3,870 shares of the Internet company based in Singapore’s stock valued at $411,000 after purchasing an additional 161 shares during the period. Finally, Ritholtz Wealth Management boosted its holdings in SEA by 2.7% in the 4th quarter. Ritholtz Wealth Management now owns 6,458 shares of the Internet company based in Singapore’s stock valued at $685,000 after purchasing an additional 170 shares during the last quarter. 59.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

SE has been the topic of several analyst reports. UBS Group lifted their price target on shares of SEA from $135.00 to $176.00 and gave the company a “buy” rating in a research report on Friday, March 7th. Benchmark boosted their price objective on shares of SEA from $130.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, March 5th. Bank of America lowered shares of SEA from a “buy” rating to a “neutral” rating and set a $160.00 target price for the company. in a research note on Friday. Loop Capital boosted their price target on shares of SEA from $135.00 to $165.00 and gave the company a “buy” rating in a research note on Monday, March 31st. Finally, Sanford C. Bernstein set a $145.00 price objective on shares of SEA and gave the stock an “outperform” rating in a research report on Wednesday, March 5th. Five analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, SEA currently has a consensus rating of “Moderate Buy” and a consensus target price of $130.00.

SEA Trading Down 4.6 %

Shares of NYSE:SE opened at $139.18 on Friday. The company has a market cap of $81.99 billion, a PE ratio of 927.87 and a beta of 1.70. The company’s 50 day moving average is $127.18 and its two-hundred day moving average is $118.62. Sea Limited has a 52 week low of $55.00 and a 52 week high of $147.73. The company has a current ratio of 1.62, a quick ratio of 1.60 and a debt-to-equity ratio of 0.36.

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.