Totem Point Management LLC Trims Stock Holdings in Sea Limited (NYSE:SE)

Totem Point Management LLC lowered its stake in shares of Sea Limited (NYSE:SE) by 41.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 32,789 shares of the Internet company based in Singapore’s stock after selling 23,474 shares during the period. SEA accounts for approximately 3.7% of Totem Point Management LLC’s portfolio, making the stock its 11th largest holding. Totem Point Management LLC’s holdings in SEA were worth $3,479,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Baillie Gifford & Co. raised its position in shares of SEA by 3.5% during the 4th quarter. Baillie Gifford & Co. now owns 40,954,549 shares of the Internet company based in Singapore’s stock valued at $4,345,278,000 after buying an additional 1,390,531 shares in the last quarter. WCM Investment Management LLC raised its position in SEA by 22.8% during the fourth quarter. WCM Investment Management LLC now owns 25,663,667 shares of the Internet company based in Singapore’s stock valued at $2,758,331,000 after purchasing an additional 4,761,289 shares in the last quarter. Norges Bank bought a new stake in SEA during the fourth quarter worth about $1,493,682,000. Capital Research Global Investors lifted its stake in SEA by 19.5% during the fourth quarter. Capital Research Global Investors now owns 8,126,064 shares of the Internet company based in Singapore’s stock worth $862,175,000 after purchasing an additional 1,325,183 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of SEA by 4.6% in the 4th quarter. Geode Capital Management LLC now owns 3,201,601 shares of the Internet company based in Singapore’s stock worth $335,084,000 after purchasing an additional 142,080 shares in the last quarter. 59.53% of the stock is owned by institutional investors.

SEA Trading Up 1.7 %

SE opened at $118.50 on Wednesday. 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 firm has a market cap of $67.82 billion, a price-to-earnings ratio of 789.99 and a beta of 1.73. Sea Limited has a 12 month low of $55.00 and a 12 month high of $147.73. The stock has a fifty day moving average price of $125.83 and a 200-day moving average price of $115.23.

Analyst Ratings Changes

A number of equities analysts recently commented on SE shares. JPMorgan Chase & Co. cut shares of SEA from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $160.00 to $135.00 in a research report on Wednesday, April 16th. Benchmark lifted their price objective on SEA from $130.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, March 5th. Barclays increased their target price on SEA from $148.00 to $182.00 and gave the company an “overweight” rating in a report on Friday, March 7th. Sanford C. Bernstein set a $145.00 price target on SEA and gave the stock an “outperform” rating in a research note on Wednesday, March 5th. Finally, Arete Research raised SEA to a “strong-buy” rating in a research note on Sunday, March 23rd. Four equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $125.43.

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.