O Neil Global Advisors Inc. Sells 2,226 Shares of Sea Limited (NYSE:SE)

O Neil Global Advisors Inc. reduced its position in Sea Limited (NYSE:SE) by 36.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,950 shares of the Internet company based in Singapore’s stock after selling 2,226 shares during the period. O Neil Global Advisors Inc.’s holdings in SEA were worth $419,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in SE. Baillie Gifford & Co. raised its holdings in SEA by 3.5% in 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 purchasing an additional 1,390,531 shares during the period. WCM Investment Management LLC raised its stake in SEA by 22.8% during the 4th 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 during the period. Kaizen Investment Management Pte. Ltd. bought a new stake in shares of SEA during the third quarter valued at approximately $587,544,000. Geode Capital Management LLC increased its holdings in SEA by 4.2% in the 3rd quarter. Geode Capital Management LLC now owns 3,059,521 shares of the Internet company based in Singapore’s stock valued at $283,543,000 after acquiring an additional 124,433 shares during the last quarter. Finally, Perpetual Ltd increased 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 worth $222,598,000 after purchasing an additional 2,031,038 shares during the last quarter. 59.53% of the stock is currently owned by hedge funds and other institutional investors.

SEA Stock Performance

Shares of SE opened at $132.75 on Friday. The stock has a 50-day simple moving average of $117.09 and a 200-day simple moving average of $101.52. The stock has a market capitalization of $75.98 billion, a PE ratio of 884.99 and a beta of 1.55. Sea Limited has a 1 year low of $43.27 and a 1 year high of $139.18. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.60 and a current ratio of 1.62.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on SE. Phillip Securities restated 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. Barclays increased their target price on shares of SEA from $94.00 to $131.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. Dbs Bank raised shares of SEA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 13th. Wedbush reiterated an “outperform” rating and issued a $105.00 price target (up from $84.00) on shares of SEA in a report on Monday, November 4th. Finally, TD Cowen boosted their target price on shares of SEA from $69.00 to $100.00 and gave the company a “hold” rating in a research note on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $91.21.

SEA 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.