Analysts Are Downgrading These 5 Stocks

03. Sea Limited (NYSE:SE)

Number of Hedge Fund Holders: 48

Sea Limited (NYSE:SE) was downgraded to Neutral from Buy by UBS analyst Navin Killa on April 20, who lowered the price target from $105 to $92. Killa believes that competition in the e-commerce industry is growing, and there is no clear sign of a gaming recovery. Furthermore, despite facing competition headwinds and experiencing slower near-term growth, Sea Limited (NYSE:SE) is trading at a premium valuation to its peers, making it less attractive as an investment, according to the analyst’s research note.