Arrowstreet Capital Limited Partnership cut its stake in shares of Sea Limited (NYSE:SE - Free Report) by 0.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,093,887 shares of the Internet company based in Singapore's stock after selling 53,397 shares during the quarter. SEA accounts for approximately 0.6% of Arrowstreet Capital Limited Partnership's holdings, making the stock its 26th biggest position. Arrowstreet Capital Limited Partnership owned approximately 1.24% of SEA worth $752,661,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of SE. Baillie Gifford & Co. boosted its holdings in SEA by 3.5% in the 4th quarter. Baillie Gifford & Co. now owns 40,954,549 shares of the Internet company based in Singapore's stock valued at $4,345,278,000 after purchasing an additional 1,390,531 shares in the last quarter. WCM Investment Management LLC lifted its holdings in shares of SEA by 22.8% in the 4th quarter. WCM Investment Management LLC now owns 25,663,667 shares of the Internet company based in Singapore's stock valued at $2,758,331,000 after buying an additional 4,761,289 shares during the period. Norges Bank purchased a new stake in shares of SEA in the fourth quarter valued at approximately $1,493,682,000. Geode Capital Management LLC grew its holdings in SEA by 4.2% during the third quarter. Geode Capital Management LLC now owns 3,059,521 shares of the Internet company based in Singapore's stock worth $283,543,000 after acquiring an additional 124,433 shares during the period. Finally, William Blair Investment Management LLC grew its holdings in SEA by 32.5% during the fourth quarter. William Blair Investment Management LLC now owns 2,233,158 shares of the Internet company based in Singapore's stock worth $236,928,000 after acquiring an additional 547,509 shares during the period. 59.53% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several equities research analysts have commented on SE shares. JPMorgan Chase & Co. boosted their target price on shares of SEA from $133.00 to $160.00 and gave the stock an "overweight" rating in a research report on Wednesday, March 5th. UBS Group upped 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 lifted their price target on shares of SEA from $148.00 to $182.00 and gave the company an "overweight" rating in a research report on Friday, March 7th. Benchmark boosted their price target on SEA from $130.00 to $150.00 and gave the stock a "buy" rating in a research note on Wednesday, March 5th. Finally, Loop Capital raised their price objective on SEA from $135.00 to $165.00 and gave the company a "buy" rating in a research note on Monday. Three investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $121.40.
Read Our Latest Research Report on SEA
SEA Trading Up 1.6 %
SE stock traded up $2.12 during midday trading on Tuesday, hitting $132.61. The stock had a trading volume of 5,168,265 shares, compared to its average volume of 4,574,384. The company's 50-day moving average price is $127.59 and its 200 day moving average price is $112.08. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.62 and a quick ratio of 1.60. The firm has a market cap of $75.90 billion, a PE ratio of 884.09 and a beta of 1.62. Sea Limited has a 12-month low of $51.70 and a 12-month high of $147.73.
SEA Company Profile
(
Free Report)
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.
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