Arrowstreet Capital Limited Partnership Sells 53,397 Shares of Sea Limited (NYSE:SE)

Arrowstreet Capital Limited Partnership lowered its stake in shares of Sea Limited (NYSE:SE) by 0.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 7,093,887 shares of the Internet company based in Singapore’s stock after selling 53,397 shares during the period. SEA comprises approximately 0.6% of Arrowstreet Capital Limited Partnership’s investment portfolio, making the stock its 26th biggest holding. Arrowstreet Capital Limited Partnership’s holdings in SEA were worth $752,661,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SE. Baillie Gifford & Co. grew its stake in shares of SEA by 3.5% in the 4th 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 in the last quarter. WCM Investment Management LLC grew its position 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 purchasing an additional 4,761,289 shares in the last quarter. Norges Bank purchased a new stake in SEA in the 4th quarter valued at about $1,493,682,000. Geode Capital Management LLC lifted its position in shares of 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 buying an additional 124,433 shares in the last quarter. Finally, William Blair Investment Management LLC boosted its stake in shares of SEA by 32.5% in the 4th quarter. William Blair Investment Management LLC now owns 2,233,158 shares of the Internet company based in Singapore’s stock worth $236,928,000 after buying an additional 547,509 shares during the last quarter. 59.53% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Sanford C. Bernstein set a $145.00 price target on SEA and gave the company an “outperform” rating in a research report on Wednesday, March 5th. Jefferies Financial Group raised their target price on SEA from $131.00 to $157.00 and gave the company a “buy” rating in a research report on Tuesday, March 4th. Arete Research raised shares of SEA to a “strong-buy” rating in a report on Sunday, March 23rd. Benchmark raised their price objective on shares of SEA from $130.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, March 5th. Finally, Barclays boosted their target price on shares of SEA from $148.00 to $182.00 and gave the company an “overweight” rating in a research note on Friday, March 7th. Three analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $116.67.

SEA Price Performance

Shares of NYSE:SE opened at $130.96 on Friday. The company has a 50 day moving average of $127.28 and a 200 day moving average of $111.49. 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 $74.95 billion, a P/E ratio of 873.05 and a beta of 1.62. Sea Limited has a 12 month low of $51.70 and a 12 month high of $147.73.

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.