BI Asset Management Fondsmaeglerselskab A S Raises Holdings in Sea Limited (NYSE:SE)

BI Asset Management Fondsmaeglerselskab A S boosted its holdings in shares of Sea Limited (NYSE:SE - Free Report) by 12.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 62,235 shares of the Internet company based in Singapore's stock after acquiring an additional 6,864 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in SEA were worth $6,603,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Farther Finance Advisors LLC increased its holdings in shares of 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 purchasing an additional 112 shares during the last quarter. SOA Wealth Advisors LLC. increased its stake in shares of SEA by 33.3% in the 3rd quarter. SOA Wealth Advisors LLC. now owns 600 shares of the Internet company based in Singapore's stock worth $57,000 after acquiring an additional 150 shares during the last quarter. Ballentine Partners LLC raised its holdings in shares of SEA by 5.6% during the 4th quarter. Ballentine Partners LLC now owns 2,970 shares of the Internet company based in Singapore's stock worth $315,000 after acquiring an additional 158 shares during the period. Moseley Investment Management Inc. boosted its position in shares of SEA by 4.3% during the 4th quarter. Moseley Investment Management Inc. now owns 3,870 shares of the Internet company based in Singapore's stock valued at $411,000 after acquiring an additional 161 shares during the last quarter. Finally, Roberts Wealth Advisors LLC grew its holdings in shares of SEA by 0.7% in the fourth quarter. Roberts Wealth Advisors LLC now owns 23,477 shares of the Internet company based in Singapore's stock valued at $2,602,000 after purchasing an additional 161 shares during the period. Institutional investors and hedge funds own 59.53% of the company's stock.

SEA Stock Up 2.5 %

NYSE:SE traded up $3.08 during trading hours on Friday, hitting $127.31. The company's stock had a trading volume of 1,520,733 shares, compared to its average volume of 4,613,589. The stock has a market capitalization of $72.86 billion, a P/E ratio of 849.90 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 stock has a fifty day moving average of $125.33 and a 200-day moving average of $115.47. Sea Limited has a 52-week low of $55.00 and a 52-week high of $147.73.

Analyst Upgrades and Downgrades

Several research firms have recently commented on SE. UBS Group lifted their price target on shares of SEA from $135.00 to $176.00 and gave the company a "buy" rating in a research report on Friday, March 7th. Barclays increased their price target on SEA from $148.00 to $182.00 and gave the stock an "overweight" rating in a report on Friday, March 7th. Loop Capital upped their target price on shares of SEA from $135.00 to $165.00 and gave the company a "buy" rating in a research report on Monday, March 31st. Sanford C. Bernstein set a $145.00 price target on shares of SEA and gave the company an "outperform" rating in a research report on Wednesday, March 5th. Finally, Phillip Securities upgraded shares of SEA from a "moderate sell" rating to a "hold" rating in a report on Friday, March 7th. Four research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, SEA has an average rating of "Moderate Buy" and a consensus price target of $125.43.

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.