Sea Limited (NYSE:SE) Shares Sold by Krane Funds Advisors LLC

Krane Funds Advisors LLC lessened its stake in Sea Limited (NYSE:SE) by 24.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,841 shares of the Internet company based in Singapore’s stock after selling 1,553 shares during the period. Krane Funds Advisors LLC’s holdings in SEA were worth $514,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the company. Norges Bank acquired a new stake in SEA during the 4th quarter worth $1,493,682,000. WCM Investment Management LLC increased its position in SEA by 22.8% during 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 purchasing an additional 4,761,289 shares during the period. Perpetual Ltd lifted 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 valued at $222,598,000 after buying an additional 2,031,038 shares during the period. Baillie Gifford & Co. grew its holdings in SEA by 3.5% during 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 acquiring an additional 1,390,531 shares during the period. Finally, Ninety One UK Ltd raised its position in SEA by 1,673.2% in the fourth quarter. Ninety One UK Ltd now owns 1,243,888 shares of the Internet company based in Singapore’s stock worth $131,977,000 after acquiring an additional 1,173,738 shares in the last quarter. Hedge funds and other institutional investors own 59.53% of the company’s stock.

SEA Trading Down 11.6 %

Shares of SEA stock opened at $106.18 on Monday. Sea Limited has a fifty-two week low of $51.70 and a fifty-two week high of $147.73. The business’s fifty day moving average is $128.04 and its two-hundred day moving average is $113.28. 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 firm has a market cap of $60.77 billion, a PE ratio of 707.88 and a beta of 1.73.

Wall Street Analyst Weigh In

Several equities research analysts have commented on SE shares. UBS Group boosted their target price on shares of SEA from $135.00 to $176.00 and gave the stock a “buy” rating in a research report on Friday, March 7th. Loop Capital upped their target price on shares of SEA from $135.00 to $165.00 and gave the stock a “buy” rating in a research report on Monday, March 31st. Phillip Securities upgraded shares of SEA from a “moderate sell” rating to a “hold” rating in a research report on Friday, March 7th. JPMorgan Chase & Co. upped their price target on SEA from $133.00 to $160.00 and gave the stock an “overweight” rating in a report on Wednesday, March 5th. Finally, Jefferies Financial Group raised their price objective 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 issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, SEA presently has a consensus rating of “Moderate Buy” and a consensus price target of $121.40.

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.