Connor Clark & Lunn Investment Management Ltd. Reduces Stock Position in Sea Limited (NYSE:SE)

Connor Clark & Lunn Investment Management Ltd. reduced its holdings in shares of Sea Limited (NYSE:SE) by 2.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 553,140 shares of the Internet company based in Singapore’s stock after selling 12,333 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 0.10% of SEA worth $58,688,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Private Trust Co. NA increased its holdings in SEA by 474.4% during the 4th quarter. Private Trust Co. NA now owns 247 shares of the Internet company based in Singapore’s stock worth $26,000 after acquiring an additional 204 shares during the period. Kestra Investment Management LLC bought a new position in shares of SEA in the 4th quarter worth $34,000. Farther Finance Advisors LLC increased its holdings in shares of SEA by 43.8% in the 4th quarter. Farther Finance Advisors LLC now owns 368 shares of the Internet company based in Singapore’s stock worth $39,000 after buying an additional 112 shares during the last quarter. Truvestments Capital LLC bought a new position in shares of SEA in the 3rd quarter worth $41,000. Finally, Icon Wealth Advisors LLC purchased a new stake in shares of SEA in the 3rd quarter valued at $47,000. 59.53% of the stock is currently owned by hedge funds and other institutional investors.

SEA Stock Performance

SE opened at $129.28 on Thursday. 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 $73.99 billion, a price-to-earnings ratio of 861.85 and a beta of 1.62. The company’s 50 day moving average is $122.09 and its 200 day moving average is $107.16. Sea Limited has a 12-month low of $51.70 and a 12-month high of $147.73.

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 note on Wednesday, November 13th. UBS Group raised their target price on shares of SEA from $135.00 to $176.00 and gave the stock a “buy” rating in a research report on Friday, March 7th. Barclays increased their price target on shares of SEA from $148.00 to $182.00 and gave the stock an “overweight” rating in a research note on Friday, March 7th. Sanford C. Bernstein set a $145.00 price target on shares of SEA and gave the stock an “outperform” rating in a research note on Wednesday, March 5th. Finally, Phillip Securities upgraded shares of SEA from a “moderate sell” rating to a “hold” rating in a research note on Friday, March 7th. Three analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $116.67.

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.