Trexquant Investment LP Has $15.64 Million Holdings in Sea Limited (NYSE:SE)

Trexquant Investment LP decreased its holdings in Sea Limited (NYSE:SE) by 46.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 147,435 shares of the Internet company based in Singapore’s stock after selling 128,856 shares during the period. Trexquant Investment LP’s holdings in SEA were worth $15,643,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Norges Bank bought a new stake in SEA during the fourth quarter worth about $1,493,682,000. WCM Investment Management LLC grew 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 purchasing an additional 4,761,289 shares during the last quarter. Perpetual Ltd raised its stake 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 valued at $222,598,000 after acquiring an additional 2,031,038 shares during the last quarter. CoreView Capital Management Ltd grew its position in shares of SEA by 341.1% in the 3rd 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 buying an additional 1,543,743 shares during the last quarter. Finally, Baillie Gifford & Co. increased its position in SEA by 3.5% during the 4th 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 purchasing an additional 1,390,531 shares during the period. 59.53% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on SE. Jefferies Financial Group increased their target price 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. Barclays boosted their price target on shares of SEA from $148.00 to $182.00 and gave the stock an “overweight” rating in a report on Friday, March 7th. UBS Group upped their price objective on SEA from $135.00 to $176.00 and gave the company a “buy” rating in a research note on Friday, March 7th. JPMorgan Chase & Co. lifted their price target on shares of SEA from $133.00 to $160.00 and gave the stock an “overweight” rating in a report on Wednesday, March 5th. Finally, Sanford C. Bernstein set a $145.00 price objective on shares of SEA and gave the company an “outperform” rating in a report on Wednesday, March 5th. Three equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $121.40.

SEA Stock Up 1.6 %

Shares of NYSE:SE opened at $132.61 on Wednesday. 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 company has a market cap of $75.90 billion, a price-to-earnings ratio of 884.09 and a beta of 1.62. Sea Limited has a 12 month low of $51.70 and a 12 month high of $147.73. The company has a 50-day moving average price of $127.88 and a 200 day moving average price of $112.45.

About SEA

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.