ShawSpring Partners LLC Has $33.48 Million Stock Position in Sea Limited (NYSE:SE)

ShawSpring Partners LLC lessened its holdings in Sea Limited (NYSE:SE) by 66.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 315,538 shares of the Internet company based in Singapore’s stock after selling 627,641 shares during the quarter. SEA accounts for 4.4% of ShawSpring Partners LLC’s investment portfolio, making the stock its 10th biggest position. ShawSpring Partners LLC’s holdings in SEA were worth $33,479,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. TD Private Client Wealth LLC boosted its holdings in shares of SEA by 33.7% during the third quarter. TD Private Client Wealth LLC now owns 603 shares of the Internet company based in Singapore’s stock worth $57,000 after purchasing an additional 152 shares during the period. M&T Bank Corp lifted its position in SEA by 2,163.9% during the third quarter. M&T Bank Corp now owns 74,505 shares of the Internet company based in Singapore’s stock valued at $7,024,000 after buying an additional 71,214 shares during the period. SOA Wealth Advisors LLC. increased its position 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 valued at $57,000 after buying an additional 150 shares in the last quarter. Sanctuary Advisors LLC boosted its holdings in SEA by 14.4% in the third quarter. Sanctuary Advisors LLC now owns 6,214 shares of the Internet company based in Singapore’s stock worth $586,000 after acquiring an additional 782 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of SEA during the third quarter valued at $290,000. 59.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Wedbush reaffirmed an “outperform” rating on shares of SEA in a research report on Tuesday. Phillip Securities raised SEA from a “moderate sell” rating to a “hold” rating in a research note on Friday, March 7th. Loop Capital raised their target price on shares of SEA from $135.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday, March 31st. JPMorgan Chase & Co. upped their price target on shares of SEA from $133.00 to $160.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 5th. Finally, Jefferies Financial Group lifted their target price on shares of SEA from $131.00 to $157.00 and gave the company a “buy” rating in a research note on Tuesday, March 4th. Three research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $121.40.

SEA Price Performance

NYSE SE opened at $119.76 on Wednesday. Sea Limited has a 1 year low of $51.70 and a 1 year high of $147.73. The company has a market cap of $68.55 billion, a price-to-earnings ratio of 798.43 and a beta of 1.73. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.62 and a quick ratio of 1.60. The stock’s fifty day moving average price is $126.74 and its 200 day moving average price is $114.41.

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.