Sea Limited (NYSE:SE) Shares Sold by Sylebra Capital LLC

Sylebra Capital LLC cut its stake in shares of Sea Limited (NYSE:SE - Free Report) by 15.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 198,973 shares of the Internet company based in Singapore's stock after selling 37,075 shares during the quarter. SEA makes up approximately 0.6% of Sylebra Capital LLC's portfolio, making the stock its 24th biggest position. Sylebra Capital LLC's holdings in SEA were worth $21,111,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in SE. Baillie Gifford & Co. lifted its stake in 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 purchasing an additional 1,390,531 shares during the last quarter. WCM Investment Management LLC lifted its stake in 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. Norges Bank purchased a new stake in SEA during the fourth quarter worth approximately $1,493,682,000. Capital Research Global Investors lifted its stake in 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 purchasing an additional 1,325,183 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in SEA by 4.6% during the fourth quarter. Geode Capital Management LLC now owns 3,201,601 shares of the Internet company based in Singapore's stock worth $335,084,000 after purchasing an additional 142,080 shares during the last quarter. 59.53% of the stock is owned by institutional investors and hedge funds.

SEA Price Performance

SEA stock opened at $160.71 on Friday. Sea Limited has a 12 month low of $55.00 and a 12 month high of $165.31. 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 business has a 50 day simple moving average of $132.03 and a 200-day simple moving average of $122.34. The stock has a market capitalization of $94.68 billion, a PE ratio of 1,071.40 and a beta of 1.70.

SEA (NYSE:SE - Get Free Report) last released its quarterly earnings results on Tuesday, May 13th. The Internet company based in Singapore reported $0.65 EPS for the quarter, missing the consensus estimate of $0.93 by ($0.28). SEA had a return on equity of 1.40% and a net margin of 0.64%. The company had revenue of $4.84 billion for the quarter, compared to analysts' expectations of $4.90 billion. During the same quarter last year, the company earned ($0.04) EPS. SEA's revenue for the quarter was up 29.6% compared to the same quarter last year. Equities analysts predict that Sea Limited will post 0.74 earnings per share for the current year.

Wall Street Analysts Forecast Growth

SE has been the subject of several recent analyst reports. Arete Research upgraded SEA to a "strong-buy" rating in a research note on Sunday, March 23rd. Loop Capital boosted their target price on SEA from $135.00 to $165.00 and gave the stock a "buy" rating in a research note on Monday, March 31st. Benchmark boosted their price objective on SEA from $150.00 to $180.00 and gave the company a "buy" rating in a research note on Wednesday, May 14th. Wedbush reiterated an "outperform" rating on shares of SEA in a research note on Wednesday, May 14th. Finally, Barclays boosted their price objective on SEA from $182.00 to $200.00 and gave the company an "overweight" rating in a research note on Thursday, May 15th. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $145.23.

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.

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