Sea Limited (NYSE:SE) Shares Acquired by Alliancebernstein L.P.

Alliancebernstein L.P. grew its holdings in Sea Limited (NYSE:SE - Free Report) by 5.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 94,826 shares of the Internet company based in Singapore's stock after buying an additional 4,713 shares during the quarter. Alliancebernstein L.P.'s holdings in SEA were worth $10,061,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Baillie Gifford & Co. increased its stake in SEA by 3.5% in 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 in the last quarter. WCM Investment Management LLC boosted its position in shares of SEA by 22.8% in 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 in the last quarter. Norges Bank purchased a new position in SEA during the 4th quarter valued at about $1,493,682,000. Geode Capital Management LLC raised its position in 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 acquiring an additional 124,433 shares during the last quarter. Finally, William Blair Investment Management LLC grew its position in shares of SEA by 32.5% in the fourth quarter. William Blair Investment Management LLC now owns 2,233,158 shares of the Internet company based in Singapore's stock valued at $236,928,000 after purchasing an additional 547,509 shares during the last quarter. 59.53% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on SE shares. Phillip Securities raised SEA from a "moderate sell" rating to a "hold" rating in a research note on Friday, March 7th. Wedbush reissued an "outperform" rating on shares of SEA in a research note on Tuesday. Jefferies Financial Group lifted their price target on shares of SEA from $131.00 to $157.00 and gave the stock a "buy" rating in a report on Tuesday, March 4th. JPMorgan Chase & Co. downgraded SEA from an "overweight" rating to a "neutral" rating and set a $135.00 price target for the company. in a report on Wednesday. Finally, Barclays upped their target price on SEA from $148.00 to $182.00 and gave the company an "overweight" rating in a research note on Friday, March 7th. Four analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $119.73.

SEA Stock Up 0.1 %

SE stock traded up $0.15 during trading on Wednesday, reaching $119.90. The stock had a trading volume of 763,905 shares, compared to its average volume of 4,701,074. Sea Limited has a 1-year low of $51.70 and a 1-year high of $147.73. The company has a market capitalization of $68.62 billion, a P/E ratio of 800.14 and a beta of 1.73. The company has a current ratio of 1.62, a quick ratio of 1.60 and a debt-to-equity ratio of 0.36. The firm has a fifty day moving average price of $126.74 and a 200 day moving average price of $114.41.

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.