Bienville Capital Management LLC Sells 9,755 Shares of Sea Limited (NYSE:SE)

Bienville Capital Management LLC decreased its holdings in Sea Limited (NYSE:SE - Free Report) by 10.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 83,310 shares of the Internet company based in Singapore's stock after selling 9,755 shares during the quarter. SEA accounts for about 2.2% of Bienville Capital Management LLC's investment portfolio, making the stock its 18th largest position. Bienville Capital Management LLC's holdings in SEA were worth $8,839,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Private Trust Co. NA lifted its holdings in shares of 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 purchasing an additional 204 shares in the last quarter. Kestra Investment Management LLC acquired a new stake in SEA during the 4th quarter worth about $34,000. Farther Finance Advisors LLC grew its stake in SEA by 43.8% during the 4th quarter. Farther Finance Advisors LLC now owns 368 shares of the Internet company based in Singapore's stock valued at $39,000 after acquiring an additional 112 shares in the last quarter. Huntington National Bank increased its holdings in shares of SEA by 783.6% in the 4th quarter. Huntington National Bank now owns 486 shares of the Internet company based in Singapore's stock valued at $52,000 after purchasing an additional 431 shares during the period. Finally, Geneos Wealth Management Inc. lifted its position in shares of 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 worth $56,000 after purchasing an additional 513 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 research firms have issued reports on SE. Loop Capital increased their target price on shares of SEA from $135.00 to $165.00 and gave the stock a "buy" rating in a research report on Monday, March 31st. Wedbush reaffirmed an "outperform" rating and set a $135.00 price target on shares of SEA in a research note on Tuesday, April 15th. JPMorgan Chase & Co. cut SEA from an "overweight" rating to a "neutral" rating and lowered their price target for the company from $160.00 to $135.00 in a research note on Wednesday, April 16th. Benchmark lifted their target price on shares of SEA from $130.00 to $150.00 and gave the company a "buy" rating in a research note on Wednesday, March 5th. Finally, Sanford C. Bernstein set a $145.00 price target on shares of SEA and gave the company an "outperform" rating in a report on Wednesday, March 5th. Four equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $125.43.

SEA Stock Performance

Shares of NYSE SE traded down $0.07 during mid-day trading on Wednesday, hitting $142.40. The company had a trading volume of 2,217,005 shares, compared to its average volume of 4,541,090. Sea Limited has a 12 month low of $55.00 and a 12 month high of $147.73. 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 firm has a market cap of $83.89 billion, a P/E ratio of 949.26 and a beta of 1.70. The business's 50-day simple moving average is $126.30 and its 200-day simple moving average is $117.72.

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.