Sea Limited (NYSE:SE) Shares Sold by ARK Investment Management LLC

ARK Investment Management LLC cut its holdings in Sea Limited (NYSE:SE) by 83.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,681 shares of the Internet company based in Singapore’s stock after selling 18,022 shares during the quarter. ARK Investment Management LLC’s holdings in SEA were worth $149,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in SE. Norges Bank acquired a new position in shares of SEA during the fourth quarter worth about $237,386,000. Baillie Gifford & Co. boosted its holdings in SEA by 19.9% during the third quarter. Baillie Gifford & Co. now owns 26,137,417 shares of the Internet company based in Singapore’s stock worth $1,148,739,000 after buying an additional 4,341,424 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in SEA by 12,344.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 2,655,668 shares of the Internet company based in Singapore’s stock worth $107,555,000 after buying an additional 2,634,327 shares in the last quarter. Capital International Investors boosted its holdings in SEA by 92.1% during the first quarter. Capital International Investors now owns 3,418,102 shares of the Internet company based in Singapore’s stock worth $409,473,000 after buying an additional 1,638,408 shares in the last quarter. Finally, Altimeter Capital Management LP boosted its holdings in SEA by 128.0% during the first quarter. Altimeter Capital Management LP now owns 2,850,000 shares of the Internet company based in Singapore’s stock worth $131,784,000 after buying an additional 1,600,000 shares in the last quarter. 59.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SE has been the topic of a number of research analyst reports. Barclays boosted their price objective on shares of SEA from $59.00 to $68.00 and gave the stock an “overweight” rating in a report on Tuesday, March 5th. JPMorgan Chase & Co. raised shares of SEA from a “neutral” rating to an “overweight” rating and upped their price target for the company from $43.00 to $70.00 in a report on Tuesday, March 5th. Citigroup raised shares of SEA from a “neutral” rating to a “buy” rating and upped their price target for the company from $44.00 to $50.00 in a report on Thursday, February 1st. Morgan Stanley upped their price target on shares of SEA from $47.00 to $65.00 and gave the company an “equal weight” rating in a report on Wednesday, March 6th. Finally, Sanford C. Bernstein upped their price target on shares of SEA from $60.00 to $70.00 and gave the company an “outperform” rating in a report on Thursday, March 14th. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $68.29.

SEA Price Performance

Shares of SE stock opened at $53.59 on Thursday. The company has a market capitalization of $30.26 billion, a PE ratio of 223.27 and a beta of 1.50. The firm has a fifty day simple moving average of $47.71 and a 200-day simple moving average of $42.73. The company has a current ratio of 1.44, a quick ratio of 1.43 and a debt-to-equity ratio of 0.46. Sea Limited has a twelve month low of $34.35 and a twelve month high of $88.84.

SEA (NYSE:SE) last issued its quarterly earnings data on Monday, March 4th. The Internet company based in Singapore reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.13). SEA had a return on equity of 2.54% and a net margin of 1.27%. The company had revenue of $3.62 billion for the quarter, compared to the consensus estimate of $3.57 billion. During the same quarter in the previous year, the company earned $0.72 earnings per share. SEA’s quarterly revenue was up 5.7% compared to the same quarter last year. Equities research analysts anticipate that Sea Limited will post 1.01 earnings per share for the current fiscal year.

About SEA

Sea Limited, together with its subsidiaries, engages in the digital entertainment, e-commerce, and digital financial service businesses in Southeast Asia, Latin America, rest of Asia, and internationally. It offers Garena digital entertainment platform for users to access mobile and PC online games, as well as eSports operations.