Handelsbanken Fonder AB Sells 37,321 Shares of Sea Limited (NYSE:SE)

Handelsbanken Fonder AB trimmed its stake in shares of Sea Limited (NYSE:SE) by 18.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 166,049 shares of the Internet company based in Singapore’s stock after selling 37,321 shares during the quarter. Handelsbanken Fonder AB’s holdings in SEA were worth $17,618,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Rosenberg Matthew Hamilton boosted its position in shares of SEA by 213.7% in the third 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. Kestra Investment Management LLC bought a new stake in shares of SEA in the fourth quarter valued at about $34,000. Truvestments Capital LLC bought a new stake in shares of SEA in the third quarter valued at about $41,000. Icon Wealth Advisors LLC bought a new stake in shares of SEA in the third quarter valued at about $47,000. Finally, 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 valued at $56,000 after acquiring an additional 513 shares during the period. 59.53% of the stock is owned by institutional investors.

SEA Stock Down 3.1 %

Shares of NYSE SE opened at $128.70 on Friday. 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 company has a market cap of $73.66 billion, a price-to-earnings ratio of 858.00 and a beta of 1.55. Sea Limited has a 12 month low of $43.27 and a 12 month high of $139.18. The stock has a 50-day moving average price of $117.34 and a two-hundred day moving average price of $102.00.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on SE shares. Dbs Bank raised shares of SEA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 13th. Phillip Securities reissued a “reduce” rating and issued a $100.00 target price (up previously from $80.00) on shares of SEA in a research report on Tuesday, November 19th. Benchmark boosted their target price on shares of SEA from $94.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. TD Cowen boosted their target price on shares of SEA from $69.00 to $100.00 and gave the company a “hold” rating in a research report on Wednesday, November 13th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $105.00 price target (up previously from $84.00) on shares of SEA in a research note on Monday, November 4th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, SEA currently has an average rating of “Moderate Buy” and a consensus target price of $91.21.

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.