ProShare Advisors LLC Sells 2,961 Shares of Sea Limited (NYSE:SE)

ProShare Advisors LLC decreased its position in shares of Sea Limited (NYSE:SE - Free Report) by 11.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 23,551 shares of the Internet company based in Singapore's stock after selling 2,961 shares during the period. ProShare Advisors LLC's holdings in SEA were worth $2,499,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of SE. Norges Bank acquired a new stake in shares of SEA during the fourth quarter worth approximately $1,493,682,000. WCM Investment Management LLC increased 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 buying an additional 4,761,289 shares in the last quarter. Perpetual Ltd increased its holdings in shares of SEA by 3,033.0% during 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 buying an additional 2,031,038 shares in the last quarter. Baillie Gifford & Co. increased its holdings in shares of SEA by 3.5% during the fourth 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, Capital Research Global Investors increased its holdings in shares of SEA by 19.5% during the fourth quarter. Capital Research Global Investors now owns 8,126,064 shares of the Internet company based in Singapore's stock worth $862,175,000 after buying an additional 1,325,183 shares in the last quarter. Institutional investors and hedge funds own 59.53% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on SE shares. Wedbush reissued an "outperform" rating on shares of SEA in a report on Wednesday, May 14th. Phillip Securities raised shares of SEA from a "moderate sell" rating to a "hold" rating in a report on Friday, March 7th. Jefferies Financial Group raised their price target on shares of SEA from $131.00 to $157.00 and gave the company a "buy" rating in a report on Tuesday, March 4th. Barclays raised their price target on shares of SEA from $182.00 to $200.00 and gave the company an "overweight" rating in a report on Thursday, May 15th. Finally, Sanford C. Bernstein reissued an "outperform" rating and issued a $170.00 price target on shares of SEA in a report on Wednesday, May 14th. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, SEA has a consensus rating of "Moderate Buy" and a consensus price target of $145.23.

SEA Trading Up 2.4%

SE traded up $3.83 during trading on Friday, reaching $164.52. 3,655,239 shares of the company's stock were exchanged, compared to its average volume of 4,451,012. The company's fifty day moving average price is $132.81 and its 200-day moving average price is $123.01. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.60 and a current ratio of 1.62. Sea Limited has a fifty-two week low of $55.00 and a fifty-two week high of $165.90. The firm has a market capitalization of $96.92 billion, a PE ratio of 1,096.80 and a beta of 1.70.

SEA (NYSE:SE - Get Free Report) last released its earnings results on Tuesday, May 13th. The Internet company based in Singapore reported $0.65 EPS for the quarter, missing analysts' consensus estimates of $0.93 by ($0.28). The business had revenue of $4.84 billion for the quarter, compared to analyst estimates of $4.90 billion. SEA had a return on equity of 1.40% and a net margin of 0.64%. SEA's revenue was up 29.6% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.04) EPS. As a group, equities analysts forecast that Sea Limited will post 0.74 EPS for the current year.

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.