Capital Research Global Investors Grows Stake in Sea Limited (NYSE:SE)

Capital Research Global Investors increased its stake in shares of Sea Limited (NYSE:SE - Free Report) by 19.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,126,064 shares of the Internet company based in Singapore's stock after purchasing an additional 1,325,183 shares during the quarter. Capital Research Global Investors owned 1.42% of SEA worth $862,175,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of SE. M&T Bank Corp increased its holdings 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 valued at $7,024,000 after buying an additional 71,214 shares during the last quarter. SOA Wealth Advisors LLC. increased its holdings 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 valued at $57,000 after acquiring an additional 150 shares during the last quarter. Sanctuary Advisors LLC increased its holdings in shares of SEA by 14.4% in the 3rd quarter. Sanctuary Advisors LLC now owns 6,214 shares of the Internet company based in Singapore's stock valued at $586,000 after acquiring an additional 782 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of SEA during the 3rd quarter worth about $290,000. Finally, Tidal Investments LLC lifted its stake in SEA by 1,270.6% during the third quarter. Tidal Investments LLC now owns 109,034 shares of the Internet company based in Singapore's stock worth $10,280,000 after purchasing an additional 101,079 shares during the last quarter. Hedge funds and other institutional investors own 59.53% of the company's stock.

SEA Price Performance

SE stock traded up $1.90 on Wednesday, reaching $120.42. 4,468,661 shares of the company's stock were exchanged, compared to its average volume of 4,626,693. The stock has a fifty day moving average of $125.54 and a 200-day moving average of $115.27. The firm has a market cap of $68.92 billion, a PE ratio of 802.80 and a beta of 1.73. The company has a quick ratio of 1.60, a current ratio of 1.62 and a debt-to-equity ratio of 0.36. Sea Limited has a twelve month low of $55.00 and a twelve month high of $147.73.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on SE. JPMorgan Chase & Co. downgraded shares of SEA from an "overweight" rating to a "neutral" rating and dropped their target price for the company from $160.00 to $135.00 in a research report on Wednesday, April 16th. Arete Research raised SEA to a "strong-buy" rating in a report on Sunday, March 23rd. Sanford C. Bernstein set a $145.00 price target on SEA and gave the stock an "outperform" rating in a research note on Wednesday, March 5th. Phillip Securities upgraded SEA from a "moderate sell" rating to a "hold" rating in a research note on Friday, March 7th. Finally, Barclays raised their target price on shares of SEA from $148.00 to $182.00 and gave the stock an "overweight" rating in a research report on Friday, March 7th. Four analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, SEA currently has an average rating of "Moderate Buy" and an average price target of $125.43.

About SEA

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.