Sea Ltd (NYSE:SE) Holdings Trimmed by Comerica Bank

Comerica Bank cut its holdings in shares of Sea Ltd (NYSE:SE) by 6.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,869 shares of the Internet company based in Singapore’s stock after selling 731 shares during the period. Comerica Bank’s holdings in SEA were worth $222,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Daiwa Securities Group Inc. acquired a new stake in shares of SEA in the 1st quarter valued at $58,000. Quantamental Technologies LLC acquired a new stake in shares of SEA in the 4th quarter valued at $28,000. NumerixS Investment Technologies Inc increased its stake in shares of SEA by 393.3% in the 4th quarter. NumerixS Investment Technologies Inc now owns 7,400 shares of the Internet company based in Singapore’s stock valued at $83,000 after buying an additional 5,900 shares during the period. Deutsche Bank AG acquired a new stake in shares of SEA in the 4th quarter valued at $103,000. Finally, Van ECK Associates Corp acquired a new stake in shares of SEA in the 4th quarter valued at $122,000. Hedge funds and other institutional investors own 58.45% of the company’s stock.

Shares of SEA stock opened at $30.49 on Wednesday. The company has a quick ratio of 2.25, a current ratio of 2.26 and a debt-to-equity ratio of 0.47. Sea Ltd has a 12 month low of $10.52 and a 12 month high of $32.00. The firm has a market cap of $10.12 billion, a P/E ratio of -10.30 and a beta of 1.24.



SE has been the subject of several research reports. Piper Jaffray Companies lifted their target price on SEA from $25.00 to $35.00 and gave the company an “overweight” rating in a research note on Wednesday, May 22nd. Zacks Investment Research raised SEA from a “hold” rating to a “strong-buy” rating and set a $27.00 price objective for the company in a research note on Saturday, March 9th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $27.00 price objective on shares of SEA in a research note on Wednesday, February 27th.

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SEA Company Profile

Sea Limited engages in the digital entertainment, e-commerce, and digital financial service businesses in Taiwan, Thailand, Vietnam, Indonesia, and internationally. It provides Garena digital entertainment platform for users to access mobile and PC online games, and eSports operations; and access to other entertainment content, such as live streaming of online gameplay and social features.

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Institutional Ownership by Quarter for SEA (NYSE:SE)

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