BIT Capital GmbH Has $941,000 Stake in Sea Limited (NYSE:SE)

BIT Capital GmbH cut its holdings in shares of Sea Limited (NYSE:SE) by 98.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,867 shares of the Internet company based in Singapore’s stock after selling 574,826 shares during the period. BIT Capital GmbH’s holdings in SEA were worth $941,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SE. WCM Investment Management LLC grew its holdings in shares of 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 worth $2,758,331,000 after purchasing an additional 4,761,289 shares during the last quarter. Perpetual Ltd raised its holdings in shares of SEA by 3,033.0% in the fourth quarter. Perpetual Ltd now owns 2,098,003 shares of the Internet company based in Singapore’s stock valued at $222,598,000 after buying an additional 2,031,038 shares during the last quarter. CoreView Capital Management Ltd lifted its position in SEA by 341.1% during the 3rd quarter. CoreView Capital Management Ltd now owns 1,996,376 shares of the Internet company based in Singapore’s stock worth $188,218,000 after buying an additional 1,543,743 shares in the last quarter. Baillie Gifford & Co. lifted its position in 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 worth $4,345,278,000 after buying an additional 1,390,531 shares in the last quarter. Finally, Ninety One UK Ltd grew its holdings in SEA by 1,673.2% during the 4th quarter. Ninety One UK Ltd now owns 1,243,888 shares of the Internet company based in Singapore’s stock worth $131,977,000 after acquiring an additional 1,173,738 shares during the last quarter. 59.53% of the stock is owned by institutional investors and hedge funds.

SEA Stock Performance

Shares of SE stock opened at $129.23 on Thursday. The stock has a market cap of $73.96 billion, a PE ratio of 861.53 and a beta of 1.62. The stock has a 50-day moving average of $126.53 and a 200-day moving average of $110.72. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.62 and a quick ratio of 1.60. Sea Limited has a one year low of $51.70 and a one year high of $147.73.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on SE. Arete Research upgraded shares of SEA to a “strong-buy” rating in a research report on Sunday. Jefferies Financial Group upped their price objective on SEA from $131.00 to $157.00 and gave the stock a “buy” rating in a report on Tuesday, March 4th. Phillip Securities raised SEA from a “moderate sell” rating to a “hold” rating in a research note on Friday, March 7th. Sanford C. Bernstein set a $145.00 price target on SEA and gave the company an “outperform” rating in a research note on Wednesday, March 5th. Finally, Benchmark raised their price target on SEA from $130.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, March 5th. Three equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.