25,396 Shares in Sea Limited (NYSE:SE) Bought by Dorsey Wright & Associates

Dorsey Wright & Associates purchased a new position in shares of Sea Limited (NYSE:SE - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 25,396 shares of the Internet company based in Singapore's stock, valued at approximately $2,695,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Private Trust Co. NA boosted its holdings in SEA by 474.4% in the fourth quarter. Private Trust Co. NA now owns 247 shares of the Internet company based in Singapore's stock valued at $26,000 after purchasing an additional 204 shares during the period. Kestra Investment Management LLC purchased a new stake in shares of SEA during the fourth quarter worth approximately $34,000. Farther Finance Advisors LLC raised its holdings in SEA by 43.8% in the fourth quarter. Farther Finance Advisors LLC now owns 368 shares of the Internet company based in Singapore's stock valued at $39,000 after acquiring an additional 112 shares in the last quarter. Geneos Wealth Management Inc. lifted its stake in SEA by 4,663.6% in the fourth quarter. Geneos Wealth Management Inc. now owns 524 shares of the Internet company based in Singapore's stock worth $56,000 after acquiring an additional 513 shares during the last quarter. Finally, TD Private Client Wealth LLC grew its holdings in SEA by 33.7% during the 3rd quarter. TD Private Client Wealth LLC now owns 603 shares of the Internet company based in Singapore's stock worth $57,000 after acquiring an additional 152 shares in the last quarter. 59.53% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

Several research firms have recently issued reports on SE. Phillip Securities raised shares of SEA from a "moderate sell" rating to a "hold" rating in a research report on Friday, March 7th. Sanford C. Bernstein set a $145.00 target price on SEA and gave the stock an "outperform" rating in a research report on Wednesday, March 5th. Benchmark upped their price target on SEA from $130.00 to $150.00 and gave the company a "buy" rating in a report on Wednesday, March 5th. JPMorgan Chase & Co. upped their target price on shares of SEA from $133.00 to $160.00 and gave the company an "overweight" rating in a report on Wednesday, March 5th. Finally, Loop Capital boosted their price target on shares of SEA from $135.00 to $165.00 and gave the company a "buy" rating in a research report on Monday. Three equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $121.40.

SEA Price Performance

SEA stock traded up $2.12 during midday trading on Tuesday, reaching $132.61. The company's stock had a trading volume of 5,168,265 shares, compared to its average volume of 4,574,385. The firm has a market capitalization of $75.90 billion, a PE ratio of 884.09 and a beta of 1.62. Sea Limited has a fifty-two week low of $51.70 and a fifty-two week high of $147.73. The stock's 50 day simple moving average is $127.88 and its 200 day simple moving average is $112.45. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.60 and a current ratio of 1.62.

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.