ARK Investment Management LLC Trims Holdings in Sea Limited (NYSE:SE)

ARK Investment Management LLC trimmed its holdings in Sea Limited (NYSE:SE) by 1.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 186,548 shares of the Internet company based in Singapore’s stock after selling 3,136 shares during the quarter. ARK Investment Management LLC’s holdings in SEA were worth $19,793,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Bank of New York Mellon Corp boosted its stake in SEA by 9.5% in the 4th quarter. Bank of New York Mellon Corp now owns 627,947 shares of the Internet company based in Singapore’s stock worth $66,625,000 after purchasing an additional 54,469 shares during the period. First Horizon Advisors Inc. boosted its stake in SEA by 49.0% in the 4th quarter. First Horizon Advisors Inc. now owns 1,043 shares of the Internet company based in Singapore’s stock worth $111,000 after purchasing an additional 343 shares during the period. Navellier & Associates Inc. bought a new position in SEA in the 4th quarter worth approximately $2,229,000. Global Retirement Partners LLC boosted its stake in SEA by 342.7% in the 4th quarter. Global Retirement Partners LLC now owns 1,492 shares of the Internet company based in Singapore’s stock worth $158,000 after purchasing an additional 1,155 shares during the period. Finally, New York State Common Retirement Fund boosted its position in shares of SEA by 69.5% during the 4th quarter. New York State Common Retirement Fund now owns 275,127 shares of the Internet company based in Singapore’s stock valued at $29,191,000 after acquiring an additional 112,799 shares during the last quarter. 59.53% of the stock is currently owned by institutional investors.

SEA Stock Performance

SE stock opened at $123.80 on Wednesday. The company has a quick ratio of 1.60, a current ratio of 1.62 and a debt-to-equity ratio of 0.36. The business’s fifty day simple moving average is $117.75 and its two-hundred day simple moving average is $103.45. Sea Limited has a twelve month low of $44.71 and a twelve month high of $139.18. The firm has a market cap of $70.86 billion, a price-to-earnings ratio of 825.34 and a beta of 1.55.

Analyst Ratings Changes

A number of research analysts have recently commented on SE shares. Barclays increased their target price on SEA from $94.00 to $131.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. Phillip Securities reiterated a “reduce” rating and set a $100.00 target price (up from $80.00) on shares of SEA in a research report on Tuesday, November 19th. Wedbush reiterated an “outperform” rating and set a $105.00 target price (up from $84.00) on shares of SEA in a research report on Monday, November 4th. Dbs Bank upgraded SEA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 13th. Finally, Benchmark raised their price target on SEA from $94.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, two have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, SEA presently has an average rating of “Moderate Buy” and an average price target of $91.21.

SEA Company Profile

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.