OPTIMAS CAPITAL Ltd Acquires New Stake in Sea Limited (NYSE:SE)

OPTIMAS CAPITAL Ltd acquired a new stake in Sea Limited (NYSE:SE - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 40,273 shares of the Internet company based in Singapore's stock, valued at approximately $4,273,000. SEA accounts for about 5.8% of OPTIMAS CAPITAL Ltd's portfolio, making the stock its 5th largest holding.

Several other hedge funds also recently modified their holdings of SE. WCM Investment Management LLC raised its stake in shares of SEA by 22.8% in the fourth 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 period. Perpetual Ltd raised its stake in shares of SEA by 3,033.0% in the fourth quarter. Perpetual Ltd now owns 2,098,003 shares of the Internet company based in Singapore's stock valued at $222,598,000 after buying an additional 2,031,038 shares during the period. CoreView Capital Management Ltd raised its stake in shares of SEA by 341.1% in the third quarter. CoreView Capital Management Ltd now owns 1,996,376 shares of the Internet company based in Singapore's stock valued at $188,218,000 after buying an additional 1,543,743 shares during the period. Baillie Gifford & Co. raised its stake 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 valued at $4,345,278,000 after purchasing an additional 1,390,531 shares during the period. Finally, Ninety One UK Ltd raised its stake in shares of 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 valued at $131,977,000 after purchasing an additional 1,173,738 shares during the period. Hedge funds and other institutional investors own 59.53% of the company's stock.

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Analyst Ratings Changes

A number of research firms recently issued reports on SE. JPMorgan Chase & Co. boosted their price objective on SEA from $133.00 to $160.00 and gave the company an "overweight" rating in a research note on Wednesday, March 5th. UBS Group boosted their target price on SEA from $135.00 to $176.00 and gave the stock a "buy" rating in a research report on Friday, March 7th. Benchmark boosted their target price on SEA from $130.00 to $150.00 and gave the stock a "buy" rating in a research report on Wednesday, March 5th. Jefferies Financial Group boosted their target price on SEA from $131.00 to $157.00 and gave the stock a "buy" rating in a research report on Tuesday, March 4th. 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 issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $116.67.

SEA Trading Down 0.9 %

SE traded down $1.08 during midday trading on Friday, reaching $126.01. 3,154,406 shares of the company's stock traded hands, compared to its average volume of 4,408,186. The firm has a fifty day moving average of $125.30 and a two-hundred day moving average of $109.41. The stock has a market capitalization of $72.12 billion, a price-to-earnings ratio of 840.04 and a beta of 1.61. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.62 and a quick ratio of 1.60. Sea Limited has a 52 week low of $51.70 and a 52 week high of $147.73.

About SEA

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.