TD Waterhouse Canada Inc. Reduces Stock Position in Sea Limited (NYSE:SE)

TD Waterhouse Canada Inc. lessened its position in shares of Sea Limited (NYSE:SE) by 42.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 344 shares of the Internet company based in Singapore’s stock after selling 255 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in SEA were worth $36,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in SE. Perpetual Ltd lifted its holdings in shares of SEA by 3,033.0% in the 4th quarter. Perpetual Ltd now owns 2,098,003 shares of the Internet company based in Singapore’s stock valued at $222,598,000 after buying an additional 2,031,038 shares during the period. Ninety One UK Ltd lifted its holdings in shares of SEA by 1,673.2% in the 4th quarter. Ninety One UK Ltd now owns 1,243,888 shares of the Internet company based in Singapore’s stock valued at $131,977,000 after buying an additional 1,173,738 shares during the period. SeaTown Holdings Pte. Ltd. acquired a new position in shares of SEA in the 4th quarter valued at about $4,821,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of SEA by 7.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 291,158 shares of the Internet company based in Singapore’s stock valued at $30,892,000 after buying an additional 19,411 shares during the period. Finally, Nisa Investment Advisors LLC lifted its holdings in shares of SEA by 95.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 12,558 shares of the Internet company based in Singapore’s stock valued at $1,332,000 after buying an additional 6,140 shares during the period. Hedge funds and other institutional investors own 59.53% of the company’s stock.

Wall Street Analyst Weigh In

SE has been the subject of several analyst reports. Wedbush reissued an “outperform” rating and issued a $135.00 price objective on shares of SEA in a report on Tuesday, April 15th. Jefferies Financial Group upped their price target on SEA from $131.00 to $157.00 and gave the stock a “buy” rating in a report on Tuesday, March 4th. Barclays raised their price objective on SEA from $148.00 to $182.00 and gave the company an “overweight” rating in a report on Friday, March 7th. UBS Group upped their target price on SEA from $135.00 to $176.00 and gave the stock a “buy” rating in a research note on Friday, March 7th. Finally, JPMorgan Chase & Co. cut shares of SEA from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $160.00 to $135.00 in a research note on Wednesday, April 16th. Four investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $125.43.

SEA Stock Up 2.0 %

Shares of SE opened at $130.30 on Tuesday. The stock has a market capitalization of $74.58 billion, a PE ratio of 868.67 and a beta of 1.73. Sea Limited has a 1 year low of $55.00 and a 1 year high of $147.73. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.60 and a current ratio of 1.62. The company’s 50-day simple moving average is $125.00 and its 200-day simple moving average is $116.18.

SEA 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.