Trexquant Investment LP Has $15.64 Million Stake in Sea Limited (NYSE:SE)

Trexquant Investment LP reduced its holdings in Sea Limited (NYSE:SE - Free Report) by 46.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 147,435 shares of the Internet company based in Singapore's stock after selling 128,856 shares during the period. Trexquant Investment LP's holdings in SEA were worth $15,643,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Norges Bank acquired a new position in shares of SEA in the 4th quarter worth approximately $1,493,682,000. WCM Investment Management LLC boosted its stake in SEA by 22.8% in the fourth quarter. WCM Investment Management LLC now owns 25,663,667 shares of the Internet company based in Singapore's stock worth $2,758,331,000 after purchasing an additional 4,761,289 shares in the last quarter. Perpetual Ltd boosted its stake in SEA by 3,033.0% in the fourth quarter. Perpetual Ltd now owns 2,098,003 shares of the Internet company based in Singapore's stock worth $222,598,000 after purchasing an additional 2,031,038 shares in the last quarter. CoreView Capital Management Ltd grew its holdings in shares of 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 worth $188,218,000 after purchasing an additional 1,543,743 shares during the last quarter. Finally, Baillie Gifford & Co. increased its stake in shares of SEA by 3.5% in the fourth 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 in the last quarter. 59.53% of the stock is currently owned by institutional investors and hedge funds.

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SEA Stock Performance

Shares of NYSE:SE traded down $13.87 on Friday, hitting $106.18. The company had a trading volume of 15,810,121 shares, compared to its average volume of 4,648,157. The stock has a 50 day moving average price of $128.04 and a 200 day moving average price of $113.06. The company has a current ratio of 1.62, a quick ratio of 1.60 and a debt-to-equity ratio of 0.36. The stock has a market cap of $60.77 billion, a price-to-earnings ratio of 707.88 and a beta of 1.73. Sea Limited has a 1-year low of $51.70 and a 1-year high of $147.73.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. JPMorgan Chase & Co. raised their price objective 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. Arete Research raised shares of SEA to a "strong-buy" rating in a report on Sunday, March 23rd. Jefferies Financial Group lifted their target price on shares of SEA from $131.00 to $157.00 and gave the stock a "buy" rating in a report on Tuesday, March 4th. Benchmark increased 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, Sanford C. Bernstein set a $145.00 price target on shares of SEA and gave the company an "outperform" rating in a research report on Wednesday, March 5th. Three research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, SEA presently has a consensus rating of "Moderate Buy" and an average target price of $121.40.

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.