Guggenheim Capital LLC Sells 2,940 Shares of Sea Limited (NYSE:SE)

Guggenheim Capital LLC lowered its holdings in shares of Sea Limited (NYSE:SE - Free Report) by 29.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,155 shares of the Internet company based in Singapore's stock after selling 2,940 shares during the quarter. Guggenheim Capital LLC's holdings in SEA were worth $759,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Baillie Gifford & Co. grew its position in 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 worth $4,345,278,000 after purchasing an additional 1,390,531 shares during the last quarter. WCM Investment Management LLC lifted its stake in 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 in the last quarter. Norges Bank acquired a new position in shares of SEA during the 4th quarter worth approximately $1,493,682,000. Geode Capital Management LLC grew its holdings in shares of SEA by 4.6% during the 4th quarter. Geode Capital Management LLC now owns 3,201,601 shares of the Internet company based in Singapore's stock worth $335,084,000 after purchasing an additional 142,080 shares during the period. Finally, FIL Ltd lifted its stake in SEA by 46.9% during the fourth quarter. FIL Ltd now owns 2,631,081 shares of the Internet company based in Singapore's stock worth $279,158,000 after purchasing an additional 840,550 shares in the last quarter. 59.53% of the stock is owned by hedge funds and other institutional investors.

SEA Stock Up 0.5 %

Shares of SE traded up $0.59 during mid-day trading on Tuesday, reaching $130.87. The company's stock had a trading volume of 535,749 shares, compared to its average volume of 4,591,518. Sea Limited has a 1 year low of $55.00 and a 1 year high of $147.73. The company has a quick ratio of 1.60, a current ratio of 1.62 and a debt-to-equity ratio of 0.36. The company has a market cap of $74.90 billion, a price-to-earnings ratio of 872.10 and a beta of 1.73. The business has a fifty day moving average of $125.00 and a 200 day moving average of $116.18.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on SE. Sanford C. Bernstein set a $145.00 price target on shares of SEA and gave the stock an "outperform" rating in a research note on Wednesday, March 5th. Arete Research raised shares of SEA to a "strong-buy" rating in a research note on Sunday, March 23rd. Benchmark lifted their price target on shares of SEA from $130.00 to $150.00 and gave the stock a "buy" rating in a report on Wednesday, March 5th. JPMorgan Chase & Co. downgraded shares of SEA from an "overweight" rating to a "neutral" rating and dropped their price objective for the company from $160.00 to $135.00 in a research note on Wednesday, April 16th. Finally, Phillip Securities upgraded SEA from a "moderate sell" rating to a "hold" rating in a report on Friday, March 7th. Four equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, SEA currently has an average rating of "Moderate Buy" and an average target price of $125.43.

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.