Sei Investments Co. Raises Stock Holdings in Sea Limited (NYSE:SE)

Sei Investments Co. raised its position in Sea Limited (NYSE:SE) by 12.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,181,685 shares of the Internet company based in Singapore’s stock after buying an additional 245,324 shares during the quarter. Sei Investments Co. owned approximately 0.38% of SEA worth $231,474,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Baillie Gifford & Co. lifted its stake in SEA by 3.5% in the fourth quarter. Baillie Gifford & Co. now owns 40,954,549 shares of the Internet company based in Singapore’s stock valued at $4,345,278,000 after buying an additional 1,390,531 shares during the last quarter. WCM Investment Management LLC raised its stake in shares of SEA by 22.8% during the fourth quarter. WCM Investment Management LLC now owns 25,663,667 shares of the Internet company based in Singapore’s stock worth $2,758,331,000 after purchasing an additional 4,761,289 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of SEA by 4.2% during 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 last quarter. William Blair Investment Management LLC raised its stake in shares of SEA by 32.5% during the fourth quarter. William Blair Investment Management LLC now owns 2,233,158 shares of the Internet company based in Singapore’s stock worth $236,928,000 after purchasing an additional 547,509 shares during the last quarter. Finally, Perpetual Ltd raised its stake in shares of SEA by 3,033.0% during the fourth 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. Hedge funds and other institutional investors own 59.53% of the company’s stock.

SEA Stock Down 0.9 %

SE opened at $126.01 on Friday. The company has a quick ratio of 1.60, a current ratio of 1.62 and a debt-to-equity ratio of 0.36. The firm has a market cap of $72.12 billion, a P/E ratio of 840.04 and a beta of 1.61. Sea Limited has a 52 week low of $51.70 and a 52 week high of $147.73. The business’s fifty day simple moving average is $125.30 and its 200 day simple moving average is $109.41.

Analyst Upgrades and Downgrades

SE has been the subject of several analyst reports. JPMorgan Chase & Co. upped their price target on SEA from $133.00 to $160.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 5th. Barclays upped their price objective on SEA from $148.00 to $182.00 and gave the stock an “overweight” rating in a report on Friday, March 7th. Phillip Securities raised SEA from a “moderate sell” rating to a “hold” rating in a report on Friday, March 7th. Jefferies Financial Group upped their price objective on SEA from $131.00 to $157.00 and gave the stock a “buy” rating in a report on Tuesday, March 4th. Finally, UBS Group upped 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. Three investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $116.67.

SEA Company 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.