Aigen Investment Management LP Takes $1.19 Million Position in Sea Limited (NYSE:SE)

Aigen Investment Management LP acquired a new stake in Sea Limited (NYSE:SE) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 11,212 shares of the Internet company based in Singapore’s stock, valued at approximately $1,190,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Baillie Gifford & Co. raised its stake in 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 raised its stake in SEA by 22.8% during the 4th 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 buying an additional 4,761,289 shares during the period. Geode Capital Management LLC raised its stake in SEA by 4.2% during the 3rd 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 buying an additional 124,433 shares during the period. Perpetual Ltd raised its stake in SEA by 3,033.0% during 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 buying an additional 2,031,038 shares during the period. Finally, CoreView Capital Management Ltd raised its stake in SEA by 341.1% during the 3rd quarter. CoreView Capital Management Ltd now owns 1,996,376 shares of the Internet company based in Singapore’s stock worth $188,218,000 after buying an additional 1,543,743 shares during the period. 59.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have commented on SE shares. Barclays boosted their price objective on SEA from $131.00 to $148.00 and gave the stock an “overweight” rating in a report on Wednesday, February 26th. TD Cowen boosted their price objective on SEA from $69.00 to $100.00 and gave the stock a “hold” rating in a report on Wednesday, November 13th. JPMorgan Chase & Co. boosted their price objective on SEA from $133.00 to $160.00 and gave the stock an “overweight” rating in a report on Wednesday. Phillip Securities reissued a “reduce” rating and set a $100.00 price objective (up from $80.00) on shares of SEA in a report on Tuesday, November 19th. Finally, Dbs Bank raised SEA from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, two have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $104.64.

SEA Price Performance

Shares of NYSE SE opened at $146.56 on Thursday. The stock has a fifty day simple moving average of $119.42 and a two-hundred day simple moving average of $105.29. Sea Limited has a 1-year low of $51.70 and a 1-year high of $147.73. The firm has a market cap of $83.88 billion, a price-to-earnings ratio of 977.07 and a beta of 1.55. 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 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.