Sands Capital Management Reduces $74M in Sea Limited ($SE)
Key Points
- Sands Capital Management changed its Sea Limited ($SE) stake by 14.04% last quarter, cutting to 4,728,550 shares worth $453.14 million.
- Wall Street's consensus rating on $SE is Strong Buy and an average price target of $155.29.
- $SE last traded around $95.83.
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Sands Capital Management reduced its position in Sea Limited ($SE) by 14.04% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,728,550 shares of Sea Limited after selling 772,463 shares during the quarter. Sands Capital Management's holdings in Sea Limited were worth $453.14 million as of its most recent filing.
Sea Limited Stock Down 19.7%
Shares of Sea Limited ($SE) traded around $95.83 on Saturday, down 19.7% for the day.
Sea Limited Earnings
Analysts Set New Price Targets
About Sea Limited
Sea Limited, through its subsidiaries, operates as a technology company in Southeast Asia, Latin America, the rest of Asia, and internationally. The company operates through E-commerce, Digital Financial Services, and Digital Entertainment segments. It offers Garena, a digital entertainment platform for users to access mobile and PC online games, as well as promotes eSports operations and develops games. The company also operates the Shopee e-commerce platform, a mobile-centric marketplace that provides integrated payments, logistics and fulfillment infrastructure, and other value-added services. In addition, it offers Monee digital financial services comprising consumer, and small and medium-sized enterprises (SME) credit, e- wallets, payment processing, banking, Insurtech, and wealth services; and acts as an underwriter for various life and non-life insurance products under the MoneeInsure tradename, as well as insurance agency services. It serves buyers, such as individuals and households; and sellers, including small and medium businesses, brands, and large retailers. The company was formerly known as Garena Interactive Holding Limited and changed its name to Sea Limited in April 2017. Sea Limited was incorporated in 2009 and is headquartered in Singapore.
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This instant news alert was generated by automated narrative technology and financial data from Podchat and public regulatory filings. It is for informational purposes only and is not financial advice.