Quantbot Technologies LP Buys Shares of 45,294 Sea Limited (NYSE:SE)

Quantbot Technologies LP acquired a new stake in shares of Sea Limited (NYSE:SE) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 45,294 shares of the Internet company based in Singapore’s stock, valued at approximately $4,806,000.

A number of other hedge funds also recently modified their holdings of SE. Baillie Gifford & Co. lifted its position in shares of SEA by 3.5% during 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 buying an additional 1,390,531 shares during the period. WCM Investment Management LLC boosted 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 buying an additional 4,761,289 shares during the last quarter. Geode Capital Management LLC increased its position in SEA by 4.2% in the third quarter. Geode Capital Management LLC now owns 3,059,521 shares of the Internet company based in Singapore’s stock worth $283,543,000 after purchasing an additional 124,433 shares during the period. William Blair Investment Management LLC lifted its holdings in SEA by 32.5% in the fourth quarter. William Blair Investment Management LLC now owns 2,233,158 shares of the Internet company based in Singapore’s stock valued at $236,928,000 after buying an additional 547,509 shares during the period. Finally, Perpetual Ltd boosted its position in shares of 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 last quarter. Institutional investors own 59.53% of the company’s stock.

Wall Street Analysts Forecast Growth

SE has been the topic of several recent analyst reports. Jefferies Financial Group lifted their target price on SEA from $131.00 to $157.00 and gave the stock a “buy” rating in a report on Tuesday, March 4th. JPMorgan Chase & Co. lifted their price objective on shares of SEA from $133.00 to $160.00 and gave the company an “overweight” rating in a research report on Wednesday, March 5th. UBS Group boosted their price objective on SEA from $135.00 to $176.00 and gave the stock a “buy” rating in a report on Friday, March 7th. Benchmark boosted their price objective on shares of SEA from $130.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, March 5th. Finally, Phillip Securities upgraded SEA from a “moderate sell” rating to a “hold” rating in a research report on Friday, March 7th. Three investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, SEA presently has an average rating of “Moderate Buy” and a consensus target price of $116.67.

SEA Price Performance

SE opened at $126.01 on Friday. The company has a market cap of $72.12 billion, a price-to-earnings ratio of 840.04 and a beta of 1.61. The company has a current ratio of 1.62, a quick ratio of 1.60 and a debt-to-equity ratio of 0.36. Sea Limited has a 12-month low of $51.70 and a 12-month high of $147.73. The stock has a fifty day simple moving average of $125.30 and a two-hundred day simple moving average of $109.41.

SEA Profile

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.