Driehaus Capital Management LLC Decreases Stock Position in Sea Limited (NYSE:SE)

Driehaus Capital Management LLC lessened its holdings in Sea Limited (NYSE:SE) by 96.2% in the 4th quarter, Holdings Channel.com reports. The fund owned 22,362 shares of the Internet company based in Singapore’s stock after selling 558,590 shares during the period. Driehaus Capital Management LLC’s holdings in SEA were worth $2,373,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of SE. Perpetual Ltd raised its stake in SEA by 3,033.0% in the 4th quarter. Perpetual Ltd now owns 2,098,003 shares of the Internet company based in Singapore’s stock worth $222,598,000 after acquiring an additional 2,031,038 shares during the last quarter. Ninety One UK Ltd raised its stake in shares of SEA by 1,673.2% in the fourth quarter. Ninety One UK Ltd now owns 1,243,888 shares of the Internet company based in Singapore’s stock worth $131,977,000 after purchasing an additional 1,173,738 shares during the last quarter. SeaTown Holdings Pte. Ltd. purchased a new stake in SEA in the fourth quarter valued at approximately $4,821,000. Charles Schwab Investment Management Inc. boosted its position in SEA by 7.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 291,158 shares of the Internet company based in Singapore’s stock valued at $30,892,000 after buying an additional 19,411 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its holdings in SEA by 95.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 12,558 shares of the Internet company based in Singapore’s stock worth $1,332,000 after buying an additional 6,140 shares during the period. Hedge funds and other institutional investors own 59.53% of the company’s stock.

Analyst Ratings Changes

SE has been the topic of several recent research reports. Wedbush reaffirmed an “outperform” rating and issued a $135.00 price objective on shares of SEA in a report on Tuesday, April 15th. Jefferies Financial Group increased their price target on SEA from $131.00 to $157.00 and gave the stock a “buy” rating in a research report on Tuesday, March 4th. Loop Capital boosted their price objective on SEA from $135.00 to $165.00 and gave the company a “buy” rating in a report on Monday, March 31st. Sanford C. Bernstein set a $145.00 target price on SEA and gave the stock an “outperform” rating in a report on Wednesday, March 5th. Finally, Arete Research upgraded SEA to a “strong-buy” rating in a research report on Sunday, March 23rd. Five equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, SEA has an average rating of “Moderate Buy” and an average target price of $130.00.

SEA Stock Down 4.6 %

Shares of SE opened at $139.18 on Friday. The stock has a 50 day moving average price of $127.18 and a 200 day moving average price of $118.49. Sea Limited has a one year low of $55.00 and a one year high of $147.73. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.60 and a current ratio of 1.62. The stock has a market capitalization of $81.99 billion, a price-to-earnings ratio of 927.87 and a beta of 1.70.

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.