Sea Limited (NYSE:SE) Shares Sold by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC lowered its stake in shares of Sea Limited (NYSE:SE) by 66.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 337 shares of the Internet company based in Singapore’s stock after selling 663 shares during the quarter. Tower Research Capital LLC TRC’s holdings in SEA were worth $36,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Claro Advisors LLC acquired a new position in SEA in the fourth quarter valued at approximately $264,000. Assenagon Asset Management S.A. acquired a new position in shares of SEA during the fourth quarter valued at approximately $463,000. Park Avenue Securities LLC lifted its holdings in shares of SEA by 168.0% in the fourth quarter. Park Avenue Securities LLC now owns 20,153 shares of the Internet company based in Singapore’s stock valued at $2,138,000 after buying an additional 12,634 shares during the period. Moseley Investment Management Inc. boosted its position in shares of 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 valued at $411,000 after purchasing an additional 161 shares in the last quarter. Finally, Ritholtz Wealth Management grew its position in SEA by 2.7% in the fourth quarter. Ritholtz Wealth Management now owns 6,458 shares of the Internet company based in Singapore’s stock worth $685,000 after buying an additional 170 shares during the last quarter. Institutional investors own 59.53% of the company’s stock.

SEA Price Performance

Shares of NYSE SE opened at $161.84 on Thursday. The stock has a fifty day moving average of $127.90 and a 200-day moving average of $119.59. The stock has a market cap of $95.34 billion, a PE ratio of 1,078.93 and a beta of 1.70. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.60 and a current ratio of 1.62. Sea Limited has a fifty-two week low of $55.00 and a fifty-two week high of $163.26.

Analysts Set New Price Targets

SE has been the topic of several recent analyst reports. Arete Research raised SEA to a “strong-buy” rating in a research report on Sunday, March 23rd. Jefferies Financial Group boosted their price target on SEA from $131.00 to $157.00 and gave the stock a “buy” rating in a research report on Tuesday, March 4th. Bank of America downgraded SEA from a “buy” rating to a “neutral” rating and set a $160.00 price target on the stock. in a research report on Friday, May 9th. JPMorgan Chase & Co. upgraded shares of SEA from a “neutral” rating to an “overweight” rating and upped their target price for the company from $135.00 to $190.00 in a research note on Tuesday. Finally, Sanford C. Bernstein restated an “outperform” rating and issued a $170.00 target price on shares of SEA in a research note on Wednesday. Four equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $137.86.

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.