Barings LLC Cuts Stock Position in Sea Limited (NYSE:SE)

Barings LLC trimmed its stake in shares of Sea Limited (NYSE:SE - Free Report) by 4.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 300,030 shares of the Internet company based in Singapore's stock after selling 13,159 shares during the period. SEA accounts for 0.8% of Barings LLC's portfolio, making the stock its 16th largest holding. Barings LLC owned approximately 0.05% of SEA worth $31,833,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of SE. WCM Investment Management LLC lifted its position in SEA by 35.9% during the third quarter. WCM Investment Management LLC now owns 20,902,378 shares of the Internet company based in Singapore's stock valued at $1,971,303,000 after purchasing an additional 5,517,559 shares during the last quarter. Baillie Gifford & Co. lifted its position in SEA by 15.5% during the third quarter. Baillie Gifford & Co. now owns 39,564,018 shares of the Internet company based in Singapore's stock valued at $3,730,096,000 after purchasing an additional 5,295,590 shares during the last quarter. Perpetual Ltd lifted its position in SEA by 3,033.0% during the fourth quarter. Perpetual Ltd now owns 2,098,003 shares of the Internet company based in Singapore's stock valued at $222,598,000 after purchasing an additional 2,031,038 shares during the last quarter. CoreView Capital Management Ltd lifted its position in SEA by 341.1% during the third quarter. CoreView Capital Management Ltd now owns 1,996,376 shares of the Internet company based in Singapore's stock valued at $188,218,000 after purchasing an additional 1,543,743 shares during the last quarter. Finally, Ninety One UK Ltd lifted its position in SEA by 1,673.2% during the fourth quarter. Ninety One UK Ltd now owns 1,243,888 shares of the Internet company based in Singapore's stock valued at $131,977,000 after purchasing an additional 1,173,738 shares during the last quarter. 59.53% of the stock is owned by hedge funds and other institutional investors.

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SEA Stock Down 2.3 %

NYSE SE traded down $3.22 during trading on Friday, reaching $135.93. 7,246,273 shares of the company's stock traded hands, compared to its average volume of 4,228,906. 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 $77.80 billion, a price-to-earnings ratio of 906.18 and a beta of 1.62. The company's 50 day simple moving average is $121.27 and its two-hundred day simple moving average is $106.53. Sea Limited has a 12-month low of $51.70 and a 12-month high of $147.73.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Dbs Bank upgraded shares of SEA from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, November 13th. TD Cowen raised their target price on shares of SEA from $69.00 to $100.00 and gave the stock a "hold" rating in a report on Wednesday, November 13th. Phillip Securities restated a "reduce" rating and issued a $100.00 target price (up previously from $80.00) on shares of SEA in a report on Tuesday, November 19th. Barclays raised their target price on shares of SEA from $148.00 to $182.00 and gave the stock an "overweight" rating in a report on Friday. Finally, Benchmark raised their target price on shares of SEA from $130.00 to $150.00 and gave the stock a "buy" rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, SEA currently has a consensus rating of "Moderate Buy" and a consensus price target of $111.67.

SEA Company 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.