Sea Limited (NYSE:SE) Shares Sold by Davis Selected Advisers

Davis Selected Advisers cut its holdings in Sea Limited (NYSE:SE) by 1.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 638,014 shares of the Internet company based in Singapore’s stock after selling 11,014 shares during the period. Davis Selected Advisers owned 0.11% of SEA worth $67,693,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Private Trust Co. NA lifted its holdings in SEA by 474.4% in the fourth quarter. Private Trust Co. NA now owns 247 shares of the Internet company based in Singapore’s stock valued at $26,000 after acquiring an additional 204 shares during the last quarter. Kestra Investment Management LLC acquired a new position in SEA in the fourth quarter valued at approximately $34,000. Truvestments Capital LLC acquired a new position in SEA in the third quarter valued at approximately $41,000. Icon Wealth Advisors LLC acquired a new position in SEA in the third quarter valued at approximately $47,000. Finally, Geneos Wealth Management Inc. lifted its holdings in SEA by 4,663.6% in the fourth quarter. Geneos Wealth Management Inc. now owns 524 shares of the Internet company based in Singapore’s stock valued at $56,000 after acquiring an additional 513 shares during the last quarter. 59.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on SE shares. Jefferies Financial Group upped their price objective on SEA from $131.00 to $157.00 and gave the company a “buy” rating in a report on Tuesday. Barclays boosted their target price on SEA from $148.00 to $182.00 and gave the company an “overweight” rating in a research report on Friday. Dbs Bank raised SEA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 13th. UBS Group boosted their target price on SEA from $135.00 to $176.00 and gave the company a “buy” rating in a research report on Friday. Finally, Benchmark boosted their target price on SEA from $130.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $111.67.

SEA Stock Down 2.3 %

SEA stock opened at $135.93 on Friday. Sea Limited has a twelve month low of $51.70 and a twelve month high of $147.73. The stock’s fifty day simple moving average is $120.72 and its 200-day simple moving average is $105.81. 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 capitalization of $77.80 billion, a P/E ratio of 906.18 and a beta of 1.55.

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.