CANADA LIFE ASSURANCE Co Buys 2,220 Shares of Sea Limited (NYSE:SE)

CANADA LIFE ASSURANCE Co increased its position in shares of Sea Limited (NYSE:SE - Free Report) by 0.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 284,005 shares of the Internet company based in Singapore's stock after buying an additional 2,220 shares during the period. CANADA LIFE ASSURANCE Co's holdings in SEA were worth $30,097,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of SE. Norges Bank bought a new position in SEA during the fourth quarter worth $1,493,682,000. WCM Investment Management LLC increased its holdings in shares of SEA by 22.8% during 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 purchasing an additional 4,761,289 shares during the period. Perpetual Ltd lifted 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. Baillie Gifford & Co. grew its position in SEA by 3.5% during the fourth quarter. Baillie Gifford & Co. now owns 40,954,549 shares of the Internet company based in Singapore's stock worth $4,345,278,000 after buying an additional 1,390,531 shares in the last quarter. Finally, Ninety One UK Ltd increased its stake in 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 valued at $131,977,000 after acquiring an additional 1,173,738 shares during the period. Institutional investors own 59.53% of the company's stock.

SEA Price Performance

Shares of SE traded up $3.81 on Thursday, hitting $124.26. The company's stock had a trading volume of 5,960,238 shares, compared to its average volume of 4,632,010. The company has a market capitalization of $71.12 billion, a PE ratio of 828.40 and a beta of 1.73. Sea Limited has a fifty-two week low of $55.00 and a fifty-two week high of $147.73. The company has a 50 day moving average price of $125.54 and a 200 day moving average price of $115.27. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.62 and a quick ratio of 1.60.

Wall Street Analyst Weigh In

SE has been the subject of a number of research reports. Jefferies Financial Group raised their price objective on SEA from $131.00 to $157.00 and gave the stock a "buy" rating in a research report on Tuesday, March 4th. JPMorgan Chase & Co. downgraded shares of SEA from an "overweight" rating to a "neutral" rating and decreased their price target for the stock from $160.00 to $135.00 in a research note on Wednesday, April 16th. Arete Research upgraded shares of SEA to a "strong-buy" rating in a research note on Sunday, March 23rd. Barclays raised their price objective on shares of SEA from $148.00 to $182.00 and gave the stock an "overweight" rating in a report on Friday, March 7th. Finally, Benchmark upped their target price on shares of SEA from $130.00 to $150.00 and gave the company a "buy" rating in a research note on Wednesday, March 5th. Four investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $125.43.

SEA 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.