Sea Limited (NYSE:SE) Holdings Boosted by Blue Grotto Capital LLC

Blue Grotto Capital LLC grew its stake in Sea Limited (NYSE:SE - Free Report) by 26.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 380,000 shares of the Internet company based in Singapore's stock after purchasing an additional 80,000 shares during the quarter. SEA comprises about 7.4% of Blue Grotto Capital LLC's holdings, making the stock its 2nd biggest holding. Blue Grotto Capital LLC owned about 0.07% of SEA worth $40,318,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Perpetual Ltd raised its stake in 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 worth $222,598,000 after buying an additional 2,031,038 shares in the last quarter. Ninety One UK Ltd raised its position in shares of SEA by 1,673.2% in 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 acquiring an additional 1,173,738 shares in the last quarter. M&T Bank Corp lifted its stake in shares of SEA by 2,163.9% in the 3rd quarter. M&T Bank Corp now owns 74,505 shares of the Internet company based in Singapore's stock valued at $7,024,000 after purchasing an additional 71,214 shares during the period. SeaTown Holdings Pte. Ltd. purchased a new position in shares of SEA in the 4th quarter valued at approximately $4,821,000. Finally, Public Sector Pension Investment Board boosted its position in shares of SEA by 24.8% during the third quarter. Public Sector Pension Investment Board now owns 191,807 shares of the Internet company based in Singapore's stock valued at $18,084,000 after purchasing an additional 38,100 shares in the last quarter. 59.53% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

Several equities analysts have commented on SE shares. UBS Group raised their price objective on SEA from $135.00 to $176.00 and gave the company a "buy" rating in a research report on Friday, March 7th. 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. JPMorgan Chase & Co. upped their price objective on shares of SEA from $133.00 to $160.00 and gave the stock an "overweight" rating in a report on Wednesday, March 5th. Benchmark lifted their target price on shares of SEA from $130.00 to $150.00 and gave the company a "buy" rating in a report on Wednesday, March 5th. Finally, Jefferies Financial Group boosted their price target on SEA from $131.00 to $157.00 and gave the stock a "buy" rating in a research report on Tuesday, March 4th. Three 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. According to data from MarketBeat, SEA currently has an average rating of "Moderate Buy" and an average target price of $116.67.

SEA Stock Performance

NYSE SE traded down $2.61 during trading hours on Friday, hitting $130.96. The company's stock had a trading volume of 3,271,184 shares, compared to its average volume of 4,576,118. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.62 and a quick ratio of 1.60. The company has a market cap of $74.95 billion, a P/E ratio of 873.05 and a beta of 1.62. The company's 50 day simple moving average is $127.28 and its two-hundred day simple moving average is $111.49. Sea Limited has a 12 month low of $51.70 and a 12 month high of $147.73.

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.