Wcm Investment Management Adds $654M in Sea Limited ($SE)
Key Points
- Wcm Investment Management changed its Sea Limited ($SE) stake by 30.5% last quarter, boosting to 33,746,475 shares worth $2.80 billion.
- Wall Street's consensus rating on $SE is Strong Buy and an average price target of $140.50.
- $SE last traded around $82.94.
Wcm Investment Management increased its position in Sea Limited ($SE) by 30.5% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 33,746,475 shares of Sea Limited after buying 7,883,961 shares during the quarter. Wcm Investment Management's holdings in Sea Limited were worth $2.80 billion as of its most recent filing.
Sea Limited ($SE) Stock
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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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