Davis Selected Advisers Reduces Stock Position in Sea Limited (NYSE:SE)

Davis Selected Advisers lessened its holdings in Sea Limited (NYSE:SE) by 1.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 638,014 shares of the Internet company based in Singapore’s stock after selling 11,014 shares during the quarter. Davis Selected Advisers’ holdings in SEA were worth $67,693,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Baillie Gifford & Co. boosted its stake 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 valued at $4,345,278,000 after acquiring an additional 1,390,531 shares in the last quarter. WCM Investment Management LLC boosted its stake 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 valued at $2,758,331,000 after acquiring an additional 4,761,289 shares in the last quarter. Geode Capital Management LLC boosted its stake in SEA by 4.2% in the third quarter. Geode Capital Management LLC now owns 3,059,521 shares of the Internet company based in Singapore’s stock valued at $283,543,000 after acquiring an additional 124,433 shares in the last quarter. Perpetual Ltd boosted its stake 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 valued at $222,598,000 after acquiring an additional 2,031,038 shares in the last quarter. Finally, CoreView Capital Management Ltd boosted its stake in SEA by 341.1% in the third quarter. CoreView Capital Management Ltd now owns 1,996,376 shares of the Internet company based in Singapore’s stock valued at $188,218,000 after acquiring an additional 1,543,743 shares in the last quarter. Hedge funds and other institutional investors own 59.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Phillip Securities restated a “reduce” rating and issued a $100.00 price objective (up previously from $80.00) on shares of SEA in a research note on Tuesday, November 19th. Barclays increased their target price on shares of SEA from $148.00 to $182.00 and gave the stock an “overweight” rating in a research note on Friday. TD Cowen raised their price target on SEA from $69.00 to $100.00 and gave the stock a “hold” rating in a report on Wednesday, November 13th. UBS Group raised their price target on SEA from $135.00 to $176.00 and gave the stock a “buy” rating in a report on Friday. Finally, JPMorgan Chase & Co. raised their price target on SEA from $133.00 to $160.00 and gave the stock an “overweight” rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $111.67.

SEA Price Performance

Shares of SE opened at $135.93 on Friday. Sea Limited has a twelve month low of $51.70 and a twelve month high of $147.73. The stock’s 50 day moving average is $120.72 and its two-hundred day moving average is $105.81. The firm has a market capitalization of $77.80 billion, a PE ratio of 906.18 and a beta of 1.55. The company has a current ratio of 1.62, a quick ratio of 1.60 and a debt-to-equity ratio of 0.36.

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.