Barings LLC Sells 13,159 Shares of Sea Limited (NYSE:SE)

Barings LLC cut its stake in Sea Limited (NYSE:SE) by 4.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 300,030 shares of the Internet company based in Singapore’s stock after selling 13,159 shares during the quarter. SEA accounts for about 0.8% of Barings LLC’s portfolio, making the stock its 16th biggest position. Barings LLC’s holdings in SEA were worth $31,833,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of SE. Portside Wealth Group LLC purchased a new stake in shares of SEA in the third quarter worth approximately $284,000. Equitable Trust Co. raised its stake in shares of SEA by 33.8% in the third quarter. Equitable Trust Co. now owns 180,059 shares of the Internet company based in Singapore’s stock worth $16,976,000 after purchasing an additional 45,467 shares during the last quarter. Verdence Capital Advisors LLC raised its stake in shares of SEA by 86.1% in the third quarter. Verdence Capital Advisors LLC now owns 7,496 shares of the Internet company based in Singapore’s stock worth $707,000 after purchasing an additional 3,469 shares during the last quarter. Assetmark Inc. raised its stake in shares of SEA by 24.7% in the third quarter. Assetmark Inc. now owns 1,427 shares of the Internet company based in Singapore’s stock worth $135,000 after purchasing an additional 283 shares during the last quarter. Finally, Atria Investments Inc raised its stake in shares of SEA by 262.5% in the third quarter. Atria Investments Inc now owns 14,621 shares of the Internet company based in Singapore’s stock worth $1,378,000 after purchasing an additional 10,588 shares during the last quarter. 59.53% of the stock is owned by hedge funds and other institutional investors.

SEA Price Performance

Shares of NYSE SE opened at $135.93 on Friday. The stock has a fifty day simple moving average of $121.27 and a two-hundred day simple moving average of $106.36. Sea Limited has a 1-year low of $51.70 and a 1-year high of $147.73. The firm has a market cap of $77.80 billion, a price-to-earnings ratio of 906.18 and a beta of 1.62. The company has a current ratio of 1.62, a quick ratio of 1.60 and a debt-to-equity ratio of 0.36.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on SE shares. Phillip Securities reissued a “reduce” rating and issued a $100.00 price objective (up from $80.00) on shares of SEA in a research note on Tuesday, November 19th. Benchmark increased their price target on SEA from $130.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday. Jefferies Financial Group increased their price target on SEA from $131.00 to $157.00 and gave the company a “buy” rating in a research report on Tuesday, March 4th. TD Cowen increased their price target on SEA from $69.00 to $100.00 and gave the company a “hold” rating in a research report on Wednesday, November 13th. Finally, UBS Group increased their price target on SEA from $135.00 to $176.00 and gave the company a “buy” rating in a research report on Friday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, SEA presently has an average rating of “Moderate Buy” and an average price target of $111.67.

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.