Sea Limited (NYSE:SE) Stock Position Lowered by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC decreased its position in Sea Limited (NYSE:SE) by 6.7% in the fourth quarter, HoldingsChannel reports. The firm owned 362,688 shares of the Internet company based in Singapore’s stock after selling 26,197 shares during the period. Los Angeles Capital Management LLC’s holdings in SEA were worth $38,481,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Baillie Gifford & Co. boosted its position 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 worth $4,345,278,000 after buying an additional 1,390,531 shares during the period. 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 worth $2,758,331,000 after acquiring an additional 4,761,289 shares in the last quarter. Geode Capital Management LLC boosted its position in SEA by 4.2% during the 3rd quarter. Geode Capital Management LLC now owns 3,059,521 shares of the Internet company based in Singapore’s stock worth $283,543,000 after acquiring an additional 124,433 shares during the period. Perpetual Ltd grew its stake in SEA by 3,033.0% during the 4th quarter. Perpetual Ltd now owns 2,098,003 shares of the Internet company based in Singapore’s stock valued at $222,598,000 after acquiring an additional 2,031,038 shares in the last quarter. Finally, CoreView Capital Management Ltd increased its holdings in shares of SEA by 341.1% in the 3rd quarter. CoreView Capital Management Ltd now owns 1,996,376 shares of the Internet company based in Singapore’s stock valued at $188,218,000 after purchasing an additional 1,543,743 shares during the period. 59.53% of the stock is currently owned by hedge funds and other institutional investors.

SEA Price Performance

NYSE:SE opened at $123.80 on Wednesday. The company has a fifty day moving average price of $117.75 and a 200 day moving average price of $103.45. The stock has a market cap of $70.86 billion, a P/E ratio of 825.34 and a beta of 1.55. 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 $44.71 and a one year high of $139.18.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Barclays raised their price target on shares of SEA from $94.00 to $131.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Wedbush reissued an “outperform” rating and set a $105.00 target price (up previously from $84.00) on shares of SEA in a research note on Monday, November 4th. Dbs Bank raised shares of SEA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 13th. TD Cowen lifted their price objective on SEA from $69.00 to $100.00 and gave the company a “hold” rating in a research report on Wednesday, November 13th. Finally, Benchmark boosted their price target on SEA from $94.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $91.21.

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.