Ieq Capital LLC Decreases Holdings in Sea Limited (NYSE:SE)

Ieq Capital LLC reduced its stake in shares of Sea Limited (NYSE:SE) by 0.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 21,568 shares of the Internet company based in Singapore’s stock after selling 91 shares during the period. Ieq Capital LLC’s holdings in SEA were worth $2,288,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. WCM Investment Management LLC raised its stake in SEA by 35.9% in the 3rd quarter. WCM Investment Management LLC now owns 20,902,378 shares of the Internet company based in Singapore’s stock valued at $1,971,303,000 after acquiring an additional 5,517,559 shares during the period. Baillie Gifford & Co. grew its holdings in shares of SEA by 15.5% during the third quarter. Baillie Gifford & Co. now owns 39,564,018 shares of the Internet company based in Singapore’s stock worth $3,730,096,000 after purchasing an additional 5,295,590 shares in the last quarter. Perpetual Ltd increased its holdings in shares of SEA by 3,033.0% in the 4th quarter. Perpetual Ltd now owns 2,098,003 shares of the Internet company based in Singapore’s stock worth $222,598,000 after buying an additional 2,031,038 shares during the last quarter. CoreView Capital Management Ltd increased its stake in SEA by 341.1% in the third 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 acquiring an additional 1,543,743 shares during the last quarter. Finally, Ninety One UK Ltd raised its holdings in shares of SEA by 1,673.2% during the 4th quarter. Ninety One UK Ltd now owns 1,243,888 shares of the Internet company based in Singapore’s stock valued at $131,977,000 after buying an additional 1,173,738 shares in the last quarter. Hedge funds and other institutional investors own 59.53% of the company’s stock.

Analysts Set New Price Targets

SE has been the subject of several recent research reports. Wedbush reissued an “outperform” rating and issued a $105.00 price target (up from $84.00) on shares of SEA in a research note on Monday, November 4th. Dbs Bank upgraded SEA from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 13th. Barclays boosted their price objective on shares of SEA from $94.00 to $131.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. TD Cowen raised their target price on shares of SEA from $69.00 to $100.00 and gave the stock a “hold” rating in a research report on Wednesday, November 13th. Finally, Phillip Securities reiterated a “reduce” rating and set a $100.00 price target (up previously from $80.00) on shares of SEA in a research report on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $91.21.

SEA Stock Performance

SEA stock opened at $128.70 on Monday. Sea Limited has a twelve month low of $43.27 and a twelve month high of $139.18. 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 capitalization of $73.66 billion, a P/E ratio of 858.00 and a beta of 1.55. The stock’s 50 day moving average is $117.34 and its 200 day moving average is $102.58.

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.