Toronto Dominion Bank Lowers Stake in Sea Limited (NYSE:SE)

Toronto Dominion Bank cut its stake in Sea Limited (NYSE:SE) by 4.5% during the fourth quarter, HoldingsChannel reports. The fund owned 1,030,221 shares of the Internet company based in Singapore’s stock after selling 49,042 shares during the quarter. Toronto Dominion Bank’s holdings in SEA were worth $109,280,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in SE. Private Trust Co. NA boosted its stake in SEA by 474.4% in the fourth quarter. Private Trust Co. NA now owns 247 shares of the Internet company based in Singapore’s stock valued at $26,000 after acquiring an additional 204 shares in the last quarter. Kestra Investment Management LLC purchased a new stake in shares of SEA during the 4th quarter valued at $34,000. Farther Finance Advisors LLC boosted its position 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 purchasing an additional 112 shares in the last quarter. Banque Transatlantique SA acquired a new stake in shares of SEA in the 4th quarter worth $39,000. Finally, Huntington National Bank grew its stake in SEA by 783.6% during the 4th quarter. Huntington National Bank now owns 486 shares of the Internet company based in Singapore’s stock worth $52,000 after buying an additional 431 shares during the last quarter. 59.53% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on SE. Phillip Securities upgraded SEA from a “moderate sell” rating to a “hold” rating in a research note on Friday, March 7th. Jefferies Financial Group increased their price objective on shares of SEA from $131.00 to $157.00 and gave the company a “buy” rating in a research report on Tuesday, March 4th. Benchmark boosted their target price on shares of SEA from $150.00 to $180.00 and gave the stock a “buy” rating in a research report on Wednesday. Wedbush reaffirmed an “outperform” rating and issued a $135.00 price target on shares of SEA in a report on Tuesday, April 15th. Finally, UBS Group lifted their price objective on shares of SEA from $135.00 to $176.00 and gave the stock a “buy” rating in a research note on Friday, March 7th. Three equities research 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $145.23.

SEA Trading Down 2.0%

Shares of SEA stock opened at $161.39 on Friday. The stock has a market cap of $95.08 billion, a PE ratio of 1,075.95 and a beta of 1.70. The firm has a fifty day moving average price of $129.33 and a 200 day moving average price of $120.66. Sea Limited has a 1 year low of $55.00 and a 1 year high of $165.31. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.62 and a quick ratio of 1.60.

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.