Charles Schwab Investment Management Inc. increased its position in Sea Limited (NYSE:SE - Free Report) by 7.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 291,158 shares of the Internet company based in Singapore's stock after acquiring an additional 19,411 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.05% of SEA worth $30,892,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SE. Perpetual Ltd lifted its holdings in SEA by 3,033.0% in the 4th quarter. Perpetual Ltd now owns 2,098,003 shares of the Internet company based in Singapore's stock worth $222,598,000 after purchasing an additional 2,031,038 shares in the last quarter. Ninety One UK Ltd grew 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 in the last quarter. M&T Bank Corp increased its holdings in 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 acquiring an additional 71,214 shares during the last quarter. Atria Investments Inc increased its holdings in shares of SEA by 262.5% in the third quarter. Atria Investments Inc now owns 14,621 shares of the Internet company based in Singapore's stock worth $1,378,000 after purchasing an additional 10,588 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in shares of SEA by 322.8% in the third quarter. PNC Financial Services Group Inc. now owns 37,327 shares of the Internet company based in Singapore's stock worth $3,519,000 after purchasing an additional 28,499 shares during the last quarter. Institutional investors own 59.53% of the company's stock.
SEA Stock Performance
SE stock traded up $0.75 during trading on Thursday, reaching $126.90. The company had a trading volume of 3,359,929 shares, compared to its average volume of 4,411,255. The company has a market cap of $72.63 billion, a price-to-earnings ratio of 845.89 and a beta of 1.61. Sea Limited has a twelve month low of $51.70 and a twelve month 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. The firm has a 50-day simple moving average of $124.58 and a 200-day simple moving average of $108.95.
Analysts Set New Price Targets
Several equities research analysts recently weighed in on SE shares. UBS Group boosted 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. Sanford C. Bernstein set a $145.00 price target on shares of SEA and gave the company an "outperform" rating in a research note on Wednesday, March 5th. JPMorgan Chase & Co. raised their price target on SEA from $133.00 to $160.00 and gave the company an "overweight" rating in a research note on Wednesday, March 5th. Benchmark upped their price objective on shares of SEA from $130.00 to $150.00 and gave the stock a "buy" rating in a research note on Wednesday, March 5th. Finally, Barclays raised their target price on shares of SEA from $148.00 to $182.00 and gave the company an "overweight" rating in a research report on Friday, March 7th. Three analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $116.67.
Read Our Latest Stock Report on SEA
About SEA
(
Free Report)
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.
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