Causeway Capital Management LLC Takes Position in Sea Limited (NYSE:SE)

Causeway Capital Management LLC purchased a new position in shares of Sea Limited (NYSE:SE - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 185,494 shares of the Internet company based in Singapore's stock, valued at approximately $19,681,000.

A number of other large investors also recently bought and sold shares of the business. Private Trust Co. NA grew its stake in SEA by 474.4% in the fourth quarter. Private Trust Co. NA now owns 247 shares of the Internet company based in Singapore's stock worth $26,000 after purchasing an additional 204 shares in the last quarter. Kestra Investment Management LLC bought a new stake in shares of SEA in the fourth quarter valued at about $34,000. Farther Finance Advisors LLC grew its holdings in SEA by 43.8% during the 4th quarter. Farther Finance Advisors LLC now owns 368 shares of the Internet company based in Singapore's stock worth $39,000 after acquiring an additional 112 shares in the last quarter. Huntington National Bank increased its position in SEA by 783.6% during the 4th quarter. Huntington National Bank now owns 486 shares of the Internet company based in Singapore's stock valued at $52,000 after purchasing an additional 431 shares during the period. Finally, Geneos Wealth Management Inc. raised its holdings in shares of SEA by 4,663.6% in the 4th quarter. Geneos Wealth Management Inc. now owns 524 shares of the Internet company based in Singapore's stock valued at $56,000 after purchasing an additional 513 shares in the last quarter. Hedge funds and other institutional investors own 59.53% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. JPMorgan Chase & Co. downgraded shares of SEA from an "overweight" rating to a "neutral" rating and reduced their price objective for the stock from $160.00 to $135.00 in a research note on Wednesday. Wedbush reissued an "outperform" rating and issued a $135.00 price target on shares of SEA in a research report on Tuesday. Sanford C. Bernstein set a $145.00 price objective on SEA and gave the company an "outperform" rating in a research report on Wednesday, March 5th. Loop Capital boosted their target price on shares of SEA from $135.00 to $165.00 and gave the stock a "buy" rating in a report on Monday, March 31st. Finally, Barclays raised their price target on shares of SEA from $148.00 to $182.00 and gave the company an "overweight" rating in a report on Friday, March 7th. Four research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $121.73.

SEA Stock Performance

Shares of SEA stock traded up $2.24 during trading on Friday, hitting $120.97. 3,672,823 shares of the company's stock were exchanged, compared to its average volume of 4,677,283. The stock has a market capitalization of $69.24 billion, a price-to-earnings ratio of 806.49 and a beta of 1.73. The business has a 50-day simple moving average of $126.40 and a 200-day simple moving average of $114.79. Sea Limited has a 52-week low of $54.82 and a 52-week high of $147.73. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.60 and a current ratio of 1.62.

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.