Vestmark Advisory Solutions Inc. Trims Holdings in Sea Limited (NYSE:SE)

Vestmark Advisory Solutions Inc. trimmed its stake in Sea Limited (NYSE:SE) by 11.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 6,638 shares of the Internet company based in Singapore’s stock after selling 891 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in SEA were worth $704,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in SE. SOA Wealth Advisors LLC. increased its stake in SEA by 33.3% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 600 shares of the Internet company based in Singapore’s stock worth $57,000 after buying an additional 150 shares during the period. TD Private Client Wealth LLC increased its stake in SEA by 33.7% during the 3rd quarter. TD Private Client Wealth LLC now owns 603 shares of the Internet company based in Singapore’s stock worth $57,000 after buying an additional 152 shares during the period. Ballentine Partners LLC increased its stake in SEA by 5.6% during the 4th quarter. Ballentine Partners LLC now owns 2,970 shares of the Internet company based in Singapore’s stock worth $315,000 after buying an additional 158 shares during the period. Integrated Wealth Concepts LLC increased its stake in SEA by 2.6% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 6,357 shares of the Internet company based in Singapore’s stock worth $599,000 after buying an additional 160 shares during the period. Finally, Moseley Investment Management Inc. increased its stake in SEA by 4.3% during the 4th quarter. Moseley Investment Management Inc. now owns 3,870 shares of the Internet company based in Singapore’s stock worth $411,000 after buying an additional 161 shares during the period. 59.53% of the stock is owned by hedge funds and other institutional investors.

SEA Trading Down 2.3 %

Shares of SEA stock opened at $135.93 on Friday. The company has a fifty day simple moving average of $121.27 and a 200-day simple moving average of $106.36. Sea Limited has a 12-month low of $51.70 and a 12-month 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. The stock has a market cap of $77.80 billion, a price-to-earnings ratio of 906.18 and a beta of 1.62.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Dbs Bank raised shares of SEA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 13th. Benchmark upped their target price on shares of SEA from $130.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday. Barclays boosted their price target on shares of SEA from $148.00 to $182.00 and gave the stock an “overweight” rating in a report on Friday. UBS Group boosted their price target on shares of SEA from $135.00 to $176.00 and gave the stock a “buy” rating in a report on Friday. Finally, TD Cowen boosted 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. One research analyst has rated the stock with a sell rating, two have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $111.67.

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.