Temasek Holdings Private Ltd Sells 1,226,459 Shares of Sea Limited (NYSE:SE)

Temasek Holdings Private Ltd reduced its holdings in shares of Sea Limited (NYSE:SE - Free Report) by 25.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,648,767 shares of the Internet company based in Singapore's stock after selling 1,226,459 shares during the period. SEA accounts for about 1.5% of Temasek Holdings Private Ltd's investment portfolio, making the stock its 16th largest holding. Temasek Holdings Private Ltd owned about 0.64% of SEA worth $387,134,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Norges Bank purchased a new position in SEA in the fourth quarter worth about $1,493,682,000. WCM Investment Management LLC raised its holdings in SEA by 22.8% in 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 during the last quarter. Perpetual Ltd raised 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 buying an additional 2,031,038 shares during the last quarter. Baillie Gifford & Co. raised its holdings in SEA by 3.5% in 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 during the last quarter. Finally, Capital Research Global Investors raised its holdings in SEA by 19.5% in 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 during the last quarter. 59.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Bank of America cut shares of SEA from a "buy" rating to a "neutral" rating and set a $160.00 target price for the company. in a report on Friday, May 9th. Jefferies Financial Group lifted their price target on shares of SEA from $131.00 to $157.00 and gave the stock a "buy" rating in a research note on Tuesday, March 4th. Phillip Securities upgraded shares of SEA from a "moderate sell" rating to a "hold" rating in a research note on Friday, March 7th. Barclays lifted their price target on shares of SEA from $182.00 to $200.00 and gave the stock an "overweight" rating in a research note on Thursday, May 15th. Finally, JPMorgan Chase & Co. upgraded shares of SEA from a "neutral" rating to an "overweight" rating and lifted their price target for the stock from $135.00 to $190.00 in a research note on Tuesday, May 13th. Three investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, SEA presently has a consensus rating of "Moderate Buy" and a consensus price target of $145.23.

SEA Stock Performance

NYSE SE traded down $0.28 during trading hours on Tuesday, hitting $162.44. 2,319,121 shares of the company's stock traded hands, compared to its average volume of 4,462,608. The business's fifty day moving average price is $130.74 and its two-hundred day moving average price is $121.60. 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 $95.70 billion, a P/E ratio of 1,082.93 and a beta of 1.70. Sea Limited has a 52 week low of $55.00 and a 52 week high of $165.31.

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

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.