Davis Selected Advisers Reduces Holdings in Sea Limited (NYSE:SE)

Davis Selected Advisers trimmed its stake in Sea Limited (NYSE:SE - Free Report) by 1.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 638,014 shares of the Internet company based in Singapore's stock after selling 11,014 shares during the quarter. Davis Selected Advisers owned 0.11% of SEA worth $67,693,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also modified their holdings of SE. Portside Wealth Group LLC bought a new position in shares of SEA during the 3rd quarter worth approximately $284,000. AIA Group Ltd grew its holdings in SEA by 9.0% during the 3rd quarter. AIA Group Ltd now owns 604,683 shares of the Internet company based in Singapore's stock worth $57,010,000 after acquiring an additional 49,970 shares during the period. Granite Group Advisors LLC bought a new position in SEA during the third quarter worth about $346,000. Equitable Trust Co. increased its stake in SEA by 33.8% in the third quarter. Equitable Trust Co. now owns 180,059 shares of the Internet company based in Singapore's stock valued at $16,976,000 after purchasing an additional 45,467 shares in the last quarter. Finally, Verdence Capital Advisors LLC lifted its holdings in SEA by 86.1% during the third quarter. Verdence Capital Advisors LLC now owns 7,496 shares of the Internet company based in Singapore's stock worth $707,000 after acquiring an additional 3,469 shares in the last quarter. 59.53% of the stock is currently owned by hedge funds and other institutional investors.

SEA Price Performance

SE traded up $1.57 during midday trading on Wednesday, hitting $129.28. The stock had a trading volume of 4,198,198 shares, compared to its average volume of 4,456,968. The company has a market cap of $73.99 billion, a P/E ratio of 861.85 and a beta of 1.62. Sea Limited has a 1 year low of $51.70 and a 1 year high of $147.73. The business has a fifty day moving average of $122.09 and a 200 day moving average of $107.16. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.60 and a current ratio of 1.62.

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Analysts Set New Price Targets

A number of research firms recently issued reports on SE. Phillip Securities upgraded SEA from a "moderate sell" rating to a "hold" rating in a report on Friday, March 7th. Dbs Bank upgraded shares of SEA from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, November 13th. UBS Group upped their price target on shares of SEA from $135.00 to $176.00 and gave the company a "buy" rating in a research note on Friday, March 7th. Benchmark boosted their price target on SEA from $130.00 to $150.00 and gave the company a "buy" rating in a research note on Wednesday, March 5th. Finally, Jefferies Financial Group lifted their price target on SEA from $131.00 to $157.00 and gave the company a "buy" rating in a research note on Tuesday, March 4th. Three investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $116.67.

About SEA

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.