Sea Limited (NYSE:SE) Position Boosted by Bridgewater Associates LP

Bridgewater Associates LP boosted its holdings in Sea Limited (NYSE:SE - Free Report) by 100.1% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 597,039 shares of the Internet company based in Singapore's stock after buying an additional 298,655 shares during the period. Bridgewater Associates LP owned approximately 0.10% of SEA worth $63,346,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Perpetual Ltd raised its stake in shares of SEA by 3,033.0% during 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 purchasing an additional 2,031,038 shares during the period. Ninety One UK Ltd lifted its position in shares of SEA by 1,673.2% during the fourth 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 purchasing an additional 1,173,738 shares during the last quarter. M&T Bank Corp grew its stake in SEA by 2,163.9% in the third quarter. M&T Bank Corp now owns 74,505 shares of the Internet company based in Singapore's stock worth $7,024,000 after purchasing an additional 71,214 shares in the last quarter. SeaTown Holdings Pte. Ltd. bought a new stake in SEA in the fourth quarter valued at about $4,821,000. Finally, Charles Schwab Investment Management Inc. raised its stake in SEA by 7.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 291,158 shares of the Internet company based in Singapore's stock valued at $30,892,000 after buying an additional 19,411 shares in the last quarter. 59.53% of the stock is currently owned by hedge funds and other institutional investors.

SEA Price Performance

SE stock traded up $2.24 during trading on Friday, hitting $120.97. The company had a trading volume of 3,672,823 shares, compared to its average volume of 4,681,404. The firm has a market capitalization of $69.24 billion, a price-to-earnings ratio of 806.49 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 business has a 50 day moving average of $126.40 and a 200 day moving average of $114.93. Sea Limited has a fifty-two week low of $55.00 and a fifty-two week high of $147.73.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. downgraded SEA from an "overweight" rating to a "neutral" rating and lowered their price target for the company from $160.00 to $135.00 in a report on Wednesday. Barclays boosted their target price on shares of SEA from $148.00 to $182.00 and gave the company an "overweight" rating in a research note on Friday, March 7th. UBS Group raised their price target on shares of SEA from $135.00 to $176.00 and gave the stock a "buy" rating in a research report on Friday, March 7th. Arete Research raised shares of SEA to a "strong-buy" rating in a research report on Sunday, March 23rd. Finally, Wedbush reissued an "outperform" rating and issued a $135.00 target price on shares of SEA in a report on Tuesday. Four investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $121.73.

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.