Artisan Partners Limited Partnership Sells 420,085 Shares of Sea Limited (NYSE:SE)

Artisan Partners Limited Partnership trimmed its stake in Sea Limited (NYSE:SE) by 7.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,120,641 shares of the Internet company based in Singapore’s stock after selling 420,085 shares during the period. Artisan Partners Limited Partnership’s holdings in SEA were worth $543,300,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Perpetual Ltd grew its holdings in 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. Ninety One UK Ltd boosted its position in shares of SEA by 1,673.2% in 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 purchasing an additional 1,173,738 shares in the last quarter. M&T Bank Corp grew its stake in SEA by 2,163.9% during the 3rd quarter. M&T Bank Corp now owns 74,505 shares of the Internet company based in Singapore’s stock worth $7,024,000 after buying an additional 71,214 shares during the last quarter. SeaTown Holdings Pte. Ltd. acquired a new position in SEA during the 4th quarter valued at about $4,821,000. Finally, Public Sector Pension Investment Board raised its stake in SEA by 24.8% in the third quarter. Public Sector Pension Investment Board now owns 191,807 shares of the Internet company based in Singapore’s stock valued at $18,084,000 after buying an additional 38,100 shares during the last quarter. 59.53% of the stock is currently owned by hedge funds and other institutional investors.

SEA Price Performance

Shares of NYSE SE opened at $129.23 on Thursday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.62 and a quick ratio of 1.60. The stock has a market capitalization of $73.96 billion, a price-to-earnings ratio of 861.53 and a beta of 1.62. The firm’s 50 day simple moving average is $126.53 and its 200-day simple moving average is $110.72. Sea Limited has a 12 month low of $51.70 and a 12 month high of $147.73.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on SE shares. Phillip Securities upgraded shares of SEA from a “moderate sell” rating to a “hold” rating in a report on Friday, March 7th. UBS Group upped their price target on shares of SEA from $135.00 to $176.00 and gave the company a “buy” rating in a research note on Friday, March 7th. JPMorgan Chase & Co. lifted their price objective on shares of SEA from $133.00 to $160.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 5th. Benchmark upped their target price on SEA from $130.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday, March 5th. Finally, Barclays lifted their price target on SEA from $148.00 to $182.00 and gave the stock an “overweight” rating in a research report on Friday, March 7th. Three investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target 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.