This afternoon we watched Sea drop -3.8% to a price of $41.9 per share. The large-cap Staffing & Employment Services company is now trading -27.28% below its average target price of $57.62. Analysts have set target prices ranging from $32.0 to $145.0 per share for Sea, and have given the stock an average rating of buy.
The stock has an average amount of shares sold short at 7.9%, and a short ratio of 3.93. The company's insiders own 10.14% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that an average number of institutional investors are invested in the stock, with 57.0% of Sea's shares being owned by this investor type.
Institutions Invested in Sea
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-12-31 | Baillie Gifford and Company | 6% | 34,183,394 | $1,432,280,739 |
| 2023-09-30 | FMR, LLC | 4% | 21,686,487 | $908,661,604 |
| 2023-09-30 | Blackrock Inc. | 3% | 16,212,531 | $679,303,403 |
| 2023-09-30 | Sands Capital Management, LLC | 3% | 16,119,943 | $675,423,975 |
| 2023-12-31 | Norges Bank Investment Management | 3% | 15,807,868 | $662,348,065 |
| 2023-09-30 | Tiger Global Management, LLC | 2% | 11,702,820 | $490,346,970 |
| 2023-09-30 | Price (T.Rowe) Associates Inc | 2% | 11,226,560 | $470,391,724 |
| 2023-09-30 | Capital Research Global Investors | 2% | 10,356,685 | $433,944,050 |
| 2023-09-30 | Atreides Management, LP | 1% | 7,084,934 | $296,858,015 |
| 2023-09-30 | State Street Corporation | 1% | 6,299,463 | $263,946,860 |
Besides an analyst consensus of strong upside potential, other market factors point to there being positive market sentiment on Sea.
