Raymond James Financial Inc. Makes New Investment in Sea Limited (NYSE:SE)

Raymond James Financial Inc. acquired a new stake in Sea Limited (NYSE:SE - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 181,405 shares of the Internet company based in Singapore's stock, valued at approximately $19,247,000.

Several other hedge funds also recently made changes to their positions in the company. Perpetual Ltd grew its position 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 acquiring an additional 2,031,038 shares during the last quarter. Ninety One UK Ltd boosted its stake in SEA by 1,673.2% during the 4th quarter. Ninety One UK Ltd now owns 1,243,888 shares of the Internet company based in Singapore's stock worth $131,977,000 after purchasing an additional 1,173,738 shares during the period. M&T Bank Corp grew its position in SEA by 2,163.9% during the 3rd quarter. M&T Bank Corp now owns 74,505 shares of the Internet company based in Singapore's stock worth $7,024,000 after purchasing an additional 71,214 shares during the last quarter. SeaTown Holdings Pte. Ltd. acquired a new position in SEA in the fourth quarter valued at $4,821,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of SEA by 7.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 291,158 shares of the Internet company based in Singapore's stock valued at $30,892,000 after buying an additional 19,411 shares during the last quarter. Hedge funds and other institutional investors own 59.53% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on SE. Barclays boosted their target price on SEA from $148.00 to $182.00 and gave the company an "overweight" rating in a report on Friday, March 7th. JPMorgan Chase & Co. cut shares of SEA from an "overweight" rating to a "neutral" rating and reduced their target price for the stock from $160.00 to $135.00 in a research note on Wednesday, April 16th. Arete Research upgraded shares of SEA to a "strong-buy" rating in a research note on Sunday, March 23rd. Benchmark raised their price objective on shares of SEA from $130.00 to $150.00 and gave the company a "buy" rating in a research report on Wednesday, March 5th. Finally, Loop Capital increased their target price on SEA from $135.00 to $165.00 and gave the stock a "buy" rating in a research note on Monday, March 31st. Four analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $125.43.

SEA Trading Up 2.7 %

Shares of NYSE SE traded up $3.27 on Thursday, reaching $123.72. 4,004,189 shares of the company traded hands, compared to its average volume of 4,843,951. The company has a 50 day moving average of $125.54 and a 200 day moving average of $115.27. 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 fifty-two week low of $55.00 and a fifty-two week high of $147.73. The stock has a market capitalization of $70.81 billion, a PE ratio of 824.77 and a beta of 1.73.

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.