BIT Capital GmbH Sells 574,826 Shares of Sea Limited (NYSE:SE)

BIT Capital GmbH lessened its holdings in Sea Limited (NYSE:SE - Free Report) by 98.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,867 shares of the Internet company based in Singapore's stock after selling 574,826 shares during the quarter. BIT Capital GmbH's holdings in SEA were worth $941,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. WCM Investment Management LLC grew its stake 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. Perpetual Ltd grew 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 buying an additional 2,031,038 shares during the period. CoreView Capital Management Ltd increased its stake in shares of SEA by 341.1% during the 3rd quarter. CoreView Capital Management Ltd now owns 1,996,376 shares of the Internet company based in Singapore's stock worth $188,218,000 after purchasing an additional 1,543,743 shares during the last quarter. Baillie Gifford & Co. lifted its position in shares of SEA by 3.5% during 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 buying an additional 1,390,531 shares during the last quarter. Finally, Ninety One UK Ltd lifted its holdings 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. Institutional investors and hedge funds own 59.53% of the company's stock.

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Analyst Ratings Changes

SE has been the subject of several research analyst reports. Barclays lifted their price objective on SEA from $148.00 to $182.00 and gave the company an "overweight" rating in a research note on Friday, March 7th. JPMorgan Chase & Co. upped their price target on shares of SEA from $133.00 to $160.00 and gave the company an "overweight" rating in a research report on Wednesday, March 5th. Phillip Securities upgraded shares of SEA from a "moderate sell" rating to a "hold" rating in a report on Friday, March 7th. Jefferies Financial Group lifted their price objective on SEA from $131.00 to $157.00 and gave the stock a "buy" rating in a research report on Tuesday, March 4th. Finally, Arete Research upgraded shares of SEA to a "strong-buy" rating in a research report on Sunday, March 23rd. Three research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $116.67.

SEA Stock Down 2.0 %

SEA stock traded down $2.61 during mid-day trading on Friday, reaching $130.96. The stock had a trading volume of 3,271,184 shares, compared to its average volume of 4,576,118. The company has a market capitalization of $74.95 billion, a price-to-earnings ratio of 873.05 and a beta of 1.62. 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 Limited has a one year low of $51.70 and a one year high of $147.73. The company has a 50-day moving average price of $127.28 and a two-hundred day moving average price of $111.49.

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.