Carrhae Capital LLP Sells 74,722 Shares of Sea Limited (NYSE:SE)

Carrhae Capital LLP trimmed its holdings in shares of Sea Limited (NYSE:SE - Free Report) by 13.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 474,672 shares of the Internet company based in Singapore's stock after selling 74,722 shares during the quarter. SEA accounts for 4.2% of Carrhae Capital LLP's holdings, making the stock its 9th biggest position. Carrhae Capital LLP owned approximately 0.08% of SEA worth $50,363,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of SE. Private Trust Co. NA lifted its holdings in shares of SEA by 474.4% in the fourth quarter. Private Trust Co. NA now owns 247 shares of the Internet company based in Singapore's stock valued at $26,000 after purchasing an additional 204 shares in the last quarter. Kestra Investment Management LLC acquired a new stake in SEA in the 4th quarter valued at approximately $34,000. Farther Finance Advisors LLC lifted its stake in SEA by 43.8% in the 4th quarter. Farther Finance Advisors LLC now owns 368 shares of the Internet company based in Singapore's stock valued at $39,000 after acquiring an additional 112 shares in the last quarter. Truvestments Capital LLC bought a new stake in SEA in the 3rd quarter valued at approximately $41,000. Finally, Icon Wealth Advisors LLC acquired a new position in SEA during the 3rd quarter worth approximately $47,000. 59.53% of the stock is currently owned by institutional investors and hedge funds.

SEA Stock Performance

Shares of SE stock traded down $2.61 during midday trading on Friday, hitting $130.96. 3,271,184 shares of the company were exchanged, compared to its average volume of 4,576,118. The firm has a market capitalization of $74.95 billion, a P/E ratio of 873.05 and a beta of 1.62. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.60 and a current ratio of 1.62. Sea Limited has a 52 week low of $51.70 and a 52 week high of $147.73. The firm's 50 day moving average price is $127.28 and its two-hundred day moving average price is $111.49.

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Analyst Ratings Changes

A number of analysts have recently commented on SE shares. Benchmark boosted their price objective on shares of SEA from $130.00 to $150.00 and gave the stock a "buy" rating in a research report on Wednesday, March 5th. Arete Research raised shares of SEA to a "strong-buy" rating in a research report on Sunday, March 23rd. Phillip Securities upgraded shares of SEA from a "moderate sell" rating to a "hold" rating in a research note on Friday, March 7th. Jefferies Financial Group lifted their target price on SEA from $131.00 to $157.00 and gave the company a "buy" rating in a research report on Tuesday, March 4th. Finally, Barclays increased their price target on SEA from $148.00 to $182.00 and gave the company an "overweight" rating in a research report on Friday, March 7th. Three investment 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.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $116.67.

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.