ProShare Advisors LLC Sells 2,961 Shares of Sea Limited (NYSE:SE)

ProShare Advisors LLC trimmed its holdings in shares of Sea Limited (NYSE:SE) by 11.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 23,551 shares of the Internet company based in Singapore’s stock after selling 2,961 shares during the quarter. ProShare Advisors LLC’s holdings in SEA were worth $2,499,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of the business. Norges Bank acquired a new position in shares of SEA in the fourth quarter valued at approximately $1,493,682,000. WCM Investment Management LLC lifted its position in SEA by 22.8% in the 4th 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. Perpetual Ltd boosted 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 purchasing an additional 2,031,038 shares during the period. Baillie Gifford & Co. boosted its stake in SEA by 3.5% in the 4th 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 purchasing an additional 1,390,531 shares during the period. Finally, Capital Research Global Investors increased its holdings in SEA by 19.5% during the 4th 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 purchasing an additional 1,325,183 shares in the last quarter. 59.53% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Wedbush restated an “outperform” rating on shares of SEA in a report on Wednesday, May 14th. Arete Research upgraded SEA to a “strong-buy” rating in a research note on Sunday, March 23rd. UBS Group upped their price target on SEA from $135.00 to $176.00 and gave the stock a “buy” rating in a research report on Friday, March 7th. Jefferies Financial Group lifted their price objective on shares of SEA from $131.00 to $157.00 and gave the company a “buy” rating in a report on Tuesday, March 4th. Finally, Bank of America lowered shares of SEA from a “buy” rating to a “neutral” rating and set a $160.00 price objective on the stock. in a research report on Friday, May 9th. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $145.23.

SEA Price Performance

NYSE:SE opened at $162.44 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 firm has a fifty day simple moving average of $130.74 and a 200 day simple moving average of $121.60. Sea Limited has a 1-year low of $55.00 and a 1-year high of $165.31. The stock has a market capitalization of $95.70 billion, a PE ratio of 1,082.93 and a beta of 1.70.

SEA (NYSE:SE) last announced its quarterly earnings data on Tuesday, May 13th. The Internet company based in Singapore reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.28). The firm had revenue of $4.84 billion during 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 revenue was up 29.6% on a year-over-year basis. During the same period last year, the business earned ($0.04) EPS. On average, research analysts expect that Sea Limited will post 0.74 EPS for the current fiscal year.

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.