Carrhae Capital LLP Sells 74,722 Shares of Sea Limited (NYSE:SE)

Carrhae Capital LLP reduced its stake in Sea Limited (NYSE:SE) by 13.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 474,672 shares of the Internet company based in Singapore’s stock after selling 74,722 shares during the period. SEA accounts for approximately 4.2% of Carrhae Capital LLP’s holdings, making the stock its 9th biggest position. Carrhae Capital LLP’s holdings in SEA were worth $50,363,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Caprock Group LLC acquired a new stake in SEA in the third quarter worth approximately $267,000. PNC Financial Services Group Inc. raised its stake in shares of SEA by 322.8% in the 3rd quarter. PNC Financial Services Group Inc. now owns 37,327 shares of the Internet company based in Singapore’s stock worth $3,519,000 after buying an additional 28,499 shares in the last quarter. First Horizon Advisors Inc. lifted its holdings in shares of SEA by 248.3% in the third quarter. First Horizon Advisors Inc. now owns 700 shares of the Internet company based in Singapore’s stock valued at $66,000 after buying an additional 499 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in SEA by 9.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 271,747 shares of the Internet company based in Singapore’s stock valued at $25,620,000 after buying an additional 24,216 shares in the last quarter. Finally, Icon Wealth Advisors LLC acquired a new position in SEA during the third quarter worth about $47,000. 59.53% of the stock is currently owned by institutional investors.

SEA Price Performance

NYSE SE opened at $129.69 on Tuesday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.60 and a current ratio of 1.62. Sea Limited has a 52-week low of $51.70 and a 52-week high of $147.73. The business has a 50 day simple moving average of $125.76 and a 200 day simple moving average of $110.21. The stock has a market cap of $74.23 billion, a price-to-earnings ratio of 864.63 and a beta of 1.62.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on SE shares. Barclays upped their price target on SEA from $148.00 to $182.00 and gave the company an “overweight” rating in a report on Friday, March 7th. UBS Group increased 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. Sanford C. Bernstein set a $145.00 price objective on SEA and gave the stock an “outperform” rating in a report on Wednesday, March 5th. Jefferies Financial Group boosted their price target on SEA from $131.00 to $157.00 and gave the stock a “buy” rating in a research report on Tuesday, March 4th. Finally, JPMorgan Chase & Co. raised their target price on shares of SEA from $133.00 to $160.00 and gave the company an “overweight” rating in a research note on Wednesday, March 5th. Three equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $116.67.

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.